Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

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).

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Nuvista Energy Ltd > TA - Sugaree

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Comment by Sugareeon Apr 01, 2021 9:52am

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Post# 32921967

RE:TA - Sugaree

Fresh new month, looks like we have turned the corner. Bottom looks to be in last week.

Do you use any specific technical analysis websites or software?

Indicator wrote: FWIW
NVA is consolidating in this $2.25 +/- range which was my first buy I mentioned on the recent pullback.

RSI trading at mid range suggests momo is on pause and upward channel not yet broken.

14/3 Stochastic on the daily chart is turning the corner with RSI at midway is one of my preferred locations to buy for short term moves.

My *guess is it's just a matter of time and market cooperation before NVA starts another leg up.

A good execise it to compare the charts of TVE and CJ with NVA - as you mention they are ahead of us at this stage.

Good luck.