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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 Indicatoron Jun 07, 2021 2:43pm
189 Views
Post# 33341616

RE:Trade?

RE:Trade?Sell at open and buy on close at these light volume days is a very skinny trade.  My guess - likely some buyers still anticipating more move up and don't want to miss but are unwilling to hold long when price keeps sagging.  Traders seldom hold overnight unless in a strong trending market.

Daily chart is pulling back ever so slowly.
Lagging MACD now rolling over,
Stochastic rolling over.
RSI not at mid range yet
Traders looking at re-test of $2.68 past support 

If Oil keeps climbing NVA will likely firm at mid RSI and may not re-test, but the resistance of oil stocks even at $70.00 WTI seems evident.




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