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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the development, delineation and production of condensate, natural gas liquids (NGLs), and natural gas reserves in the Western Canadian Sedimentary Basin. Its focus is on the scalable and repeatable condensate rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin (Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. The Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200 m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500 m. It has non-core operations in three additional areas of Alberta (non-core properties outside the greater Wapiti Montney area).


TSX:NVA - Post by User

Comment by Oldnaggeron Jan 18, 2021 6:18pm
241 Views
Post# 32322873

RE:RE:Way too much debt, hence the 4% drop.

RE:RE:Way too much debt, hence the 4% drop.Wait and see tomorrow when regular trading resumes. Nat gas prices took a big plunge in Asia but they were already due for that according to their future curves .Also mild weakness in Europe and North America.   Keystone is really not a big issue especially for nat gas and condensate producers. If there is a big pullback , I would see it more as a buying opportunity as there is still a persistant tigftening of supply of both nat gas and crude that will probably last for years to come.
 Already coal is being increasingly used to replace the international shortages of Nat Gas. As they say the road to the underworld is paved with good intentions!! 
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