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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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

Comment by Aurum1983on May 18, 2022 7:33am
57 Views
Post# 34691551

RE:RE:RE:Held back

RE:RE:RE:Held back
I wouldn't get distracted by this recession talk. Record low debt and record high savings. Wage increase and high employment rate. Covid ending along with last of the lockdown heading into summer. People complain about rate hike and prices going up but the fact is they can afford it. Might slow certain markets that have no pricing power but not O&G. With all the handouts big and small to everyone it will take a lot of rate hikes to cause a recession. Many are richer now than they have ever been.
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