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 > Nice bounce off $7.50 today

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Comment by Sugareeon Jan 21, 2022 4:29pm

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Post# 34344704

RE:Nice bounce off $7.50 today

Sounds good to me. Not the full bounce I had hoped for today for NVA, but where we ended up is to be expected considering the overall market bloodbath.

No worries here.

Indicator wrote: If Oil holds up and the bull case remains intact, $7.50 should conform with approximate RSI/50 soon enough for a bullish reversal at mid RSI.

My guess is a $7.50 confirmation flush is waiting for shorts to deliver and provide a nice floor for next run.