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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 14, 2022 2:22pm
130 Views
Post# 34318162

RE:Take a look

RE:Take a lookWell, guys, I have done analyses on two of my top holdings (NVA and CR )as far as what I consider the change in reserve values due to new production and increases in commodity prices. In both instances I found the changes very attractive for the reason that both companies have high rates of return on new drilling. I was less enamoured by companies that emphasized paying down debt as their primary goal. But this blinkered thinking made me miss one very important company Vermilion (VET) They started out with their only goal was to pay down debt and re-instate a dividend. But over the past couple of months they changed and decided to go after acquisitions. Now that is much harder to analyze, but so far they have done very well. What is spectacular however will be their change in reserve values Euro gas which is 10% of their reserves has gone up 5 times in value over the past year. What is more is that VET did not even do a reserves evaluation last year. Which I believe was a shame, as I am sure they had a high value even then. Anyway, to make a long story short , I think the reserves will be well over $100 on an under $20 stock. So if you got little to do this weekend roll over and take a look !! Go to financials and look up the 2020 annual information form as a starting point . There they show a break down of reserve quantities, but not the evaluation . That is where your homework begins !!
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