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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 Oldnaggeron Jan 11, 2022 9:04pm
139 Views
Post# 34306363

RE:RE:RE:30% annual production growth!

RE:RE:RE:30% annual production growth!I confess , maybe a bit of a pump, but it doesn't take away from the fact that NVA has fabulous prospects. My value added of 60 k per additional flowing barrel is also high. But in my defence, marginal barrels are worth much more than existing barrels. That is because the marginal barrels don't have to pay the fixed costs , nor are they hedged. So, I asked my SLY DROOL to help me calculate all this. And Voila !!
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