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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 Indicatoron Feb 18, 2022 11:57am
71 Views
Post# 34442123

RE:NVA technicals

RE:NVA technicals 50 RSI on daily chart is short term reversal territory, if it slides lower it would confirm my speculation that larger picture XLE is showing energy due to pullback / bearish and nimble traders will be short or on sidelines. 

MACD is lagging indiator so confirms short term indicators after the fact.

Where XLE goes, likely CDN energy follows this time:

https://stockcharts.com/h-sc/ui?s=xle

Out for the day and will check in later :-)

Good luck

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