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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 Nugoldon Aug 06, 2021 2:11am
178 Views
Post# 33662182

Debt

Debt
the monsteri n the room, correct me if I'm wrong here , I can't remember exactly how this went but by end of 2020 management paid down 50 ish million of debt. Then an asset sell off to bring debt down by 140m......a further " plan" to apply anything above 55 to debt. Did I miss something because it would seem nothing was applied to the debt above and beyond in second quarter. I noticed the absence of anything directly mentioning this and instead a quick reference to the 140m debt paydown since its peak in 2020. Maybe I'm missing something here but could this not be the negative catalyst? Glta.
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