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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. 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 > Commencing the Return of Capital to Shareholders
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Post by Betteryear2on May 10, 2022 6:17pm
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Post# 34672221

Commencing the Return of Capital to Shareholders

Commencing the Return of Capital to ShareholdersWith the strengthened commodity price environment, the achievement of our initial target for net debt, and our significantly increased production and free adjusted funds flow, NuVista is now in the very favorable position of being able to continue our disciplined and value-adding growth strategy concurrently with continuing with the rapid reduction of net debt and the commencement of capital return to shareholders. Options for the return of capital to shareholders include the repurchase of shares and dividend strategies, and remaining free adjusted funds flow can also be considered for allocation towards continued growth and highly selective M&A, where value adding for shareholders.

NuVista Energy Ltd. Announces Record Financial and Operating Results and Shareholder Capital Return Framework
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