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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Nuvista Energy Ltd > Interesting Observation

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Comment by Sugareeon Aug 19, 2021 1:29pm

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Post# 33731179

RE:Interesting Observation

June 8 to July 2 was 17 trading days, NVA went from $2.75 to $4.08, a 48.36% increase.

Once sentiment changes, all will be good. For now, well, this just sucks, so we wait it out, lol.

Sugaree wrote:
Things may seem extremely bad, but really they aren’t.

NVA peaked at $2.67 on March 11, pulled back and bottomed at $2.05 April 22, 6 weeks later. A 23.22% pullback before doubling to $4.10 July 5.

NVA then peaked at mentioned $4.10 July 5, and has now pulled back to $3.14, 6 weeks later. A 23.41% pullback.

Both pullbacks 23%. Assuming this is it, that is par for the course.

So, this correction is no worse than the last one and it doubled from there. Fundamentals are better than ever for supply/demand. We just stay patient through summer doldrums, delta spike etc… and off to the races to year end in another few weeks.