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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 Alkayssion Nov 23, 2021 3:11am
72 Views
Post# 34155726

RE:"could see prices fall more steeply than you think"

RE:"could see prices fall more steeply than you think"The volunteerly cut of 1 million barrels that Saudi did was an obvious indication that they would do whatever to bring the oil price back up. Now everyone is talking about releasing the oil reserves........., you think saudi and Russia will just watch? Definitely if they do release or they have been releasing the oil from the reserve, then OPEC will respond and it will lead the oil to over 100 dollar in no time. 
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