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).

TSX:NVA - Post by User

Nuvista Energy Ltd > Nuttal

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Comment by Oldnaggeron Jan 20, 2022 11:34am

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Post# 34337587

RE:RE:RE:Nuttal

I posted on the BIR BB that NVA among others would be able to massively reduce debt by 2023, while at the same time increasing production thru drilling. The reason is the very short payout time .
The cash is back in the left pocket not very long after taking it out of the right pocket. Also NVA is increasing its reseves valuation.

A much preferable path . NVA is increasing its asset value while BIR seems to be concentrating more on its perceived share price values. ( an approach , that I feel the market is no longer really buying IMHO )

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