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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 Sugareeon May 27, 2021 1:30pm
93 Views
Post# 33276465

RE:Oil and gas under pressure

RE:Oil and gas under pressure

I really think after over 3 months of consolidation now, oil prices are like a coiled spring ready to pop big time in the not too distant future in June.

WTI hit $63.50 Feb 24. I can see WTI busting through $67 and Brent $70 very soon. I would suggest a $3 bust through. WTI hits $70 and Brent $73.

This will inspire the next leg up for stocks to follow!!

Goldman Sachs are calling for a big run, and they aren't the most successful firm in the industry for nothing.

WTI $66.60 as I type.

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