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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Post by Carjackon Jul 29, 2021 3:32pm

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Post# 33626873

Nuttal pumping hard

Eric Nuttall

@ericnuttall

3h

 													"Just transition": it's difficult to legislate the replacement of jobs in a still-critical industry (oil & gas) that pay very well (avg. ~$125,000/year) with jobs in a low margin industry (renewables) that pay much less and call it "just" and build "strong social consensus."

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Eric Nuttall

@ericnuttall

4h

 													The world will use oil & gas for the rest of our lifetimes and Canada produces them with the highest ethical/environmental standards in the world. We can be the global "supplier of choice" while leveraging our CCUS skillset. Why not do both, not either or?

 																		Braid: Another battle looming with Ottawa over worker transition from oil and gas

calgaryherald.com

34

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338

 									Show this thread

Eric Nuttall

@ericnuttall

6h

 													Very clearly with energy stocks trading at 3.0x EV/CF and an average 23% FCF yield we do NOT need oil to rally further for the stocks to do quite well. It will all come down to meaningful "return of capital" messaging in September and is something I'm working on aggressively.

16

10

100

 									Show this thread

Eric Nuttall

@ericnuttall

7h

Q2 results so far have been stellar across the board. I'll talk to the lack of response in the energy equities tomorrow on  														@BNNBloomberg
(Summer doldrums not helping!) but every day above $70WTI is a great day...FCF accumulating for some serious shareholder returns coming soon!

Eric Nuttall

@ericnuttall

3h

 													"Just transition": it's difficult to legislate the replacement of jobs in a still-critical industry (oil & gas) that pay very well (avg. ~$125,000/year) with jobs in a low margin industry (renewables) that pay much less and call it "just" and build "strong social consensus."

8

12

71

 									Show this thread

Eric Nuttall

@ericnuttall

4h

 													The world will use oil & gas for the rest of our lifetimes and Canada produces them with the highest ethical/environmental standards in the world. We can be the global "supplier of choice" while leveraging our CCUS skillset. Why not do both, not either or?

 																		Braid: Another battle looming with Ottawa over worker transition from oil and gas

calgaryherald.com

34

92

338

 									Show this thread

Eric Nuttall

@ericnuttall

6h

 													Very clearly with energy stocks trading at 3.0x EV/CF and an average 23% FCF yield we do NOT need oil to rally further for the stocks to do quite well. It will all come down to meaningful "return of capital" messaging in September and is something I'm working on aggressively.

16

10

100

 									Show this thread

Eric Nuttall

@ericnuttall

7h

Q2 results so far have been stellar across the board. I'll talk to the lack of response in the energy equities tomorrow on  														@BNNBloomberg
(Summer doldrums not helping!) but every day above $70WTI is a great day...FCF accumulating for some serious shareholder returns coming soon!