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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

Post by MarkyMcFlyon May 11, 2021 9:33pm
166 Views
Post# 33180143

Solid foundations for future success

Solid foundations for future successI don't know about you, but I'm pretty satisfied with the results. They were able to generate a small profit which is good for the general public, and cash flow is at par with my expectations. They always front load the capex, and as the presentation said, they are setting themself for success in 2022 and beyond.

I'm a long term investor and I'm not selling a single share tomorrow. If there is a dip for some reason, my order will be ready.
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