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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti 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. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Comment by Oldnaggeron May 11, 2021 8:08pm
151 Views
Post# 33179775

RE:RE:Net debt

RE:RE:Net debtThe presentation has been updated. Much good news to come. Best to look at the presentation in conjunction with the earnings report. Production will grow as well as netbacks as rather disasterous Q1 hedges fall off. Also expenses will be reduced as production grows and debt is reduced.
The important take-away is that the wells are very prolific, more-so than previously projected.
Setting up for very good 2022 once all 43 new wells are tied in .
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