RE:RE:RE:POU OWNS & CONTROLS 39,752,142 NVA Shares (17.61%) !!! The purchase means little to Nuvista IMO, but yes I agree it will reward POU handsomely (along with everyone else that has loaded up the truck down here) over the next year or so.
Nuvista will get a rerate soon enough, and i would suspect as WTI approaches $55 in late H1, around $2.00 a share, and $60 WTI H2 $3.00 a share.
Don't expect any buy out of Nuvista anytime soon no matter what you hear or read. $100m in liquidity to start 2021 and will not reduce that liquidity one penny as will only spend within cashflow.
$55-$60 WTI next year will allow them to grow 10% and most likely pay down an additional $100m in debt. With a rerate i would think bank line increased by $50m. So 2022 could start out with $250m liquidity.
Good times ahead for Nuvista and the whole Canadian Oil & Gas sector!!
Happy Holidays everyone!