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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

Energy Oil & Gas E&P
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

Nuvista Energy Ltd > Link
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Comment by Indicatoron Mar 14, 2022 12:30pm
94 Views
Post# 34511994

RE:RE:Link

RE:RE:LinkI traded the bounce off the low this AM to get close to neutral from my small buy on Friday.

Stock is searching for support which looks decent in low $9's so far.
RSI may sag a bit if mid point doesn't hold.
Stochastics trending down but may be oversold soon.

My guess is we bounce around in low $9's for a bit until some confidence/clear direction returns.

Note:  All CDN oil plays struggling similarly today as Headline news is influencing confidence.

Headlines/War/Inflation/Supply/Covid-19   - it's a real smorgasborg of converging issues.
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