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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 > Long NVA
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Comment by Oldnaggeron Jul 09, 2022 5:58am
95 Views
Post# 34812560

RE:RE:RE:RE:RE:Long NVA

RE:RE:RE:RE:RE:Long NVA
Sugaree wrote: The thing is with debt there are usually hedging covenants being forced on the oil company. BTE has been burned huge over the past couple of years. With no debt. no bank forcing to hedge, and lose. We are not going to zero, just down to $200m - $250m. I am good with that. We are growing at a good clip.

Oldnagger wrote: How anyone could read the presentation, then not conclude that NVA is a screaming buy at present prices leaves me speechless !!
Personally, I am ecstatic that NVA is cancelling shares at these prices. Just hope NVA keeps doing what they are doing, paying down debt is absolute nonsense. What is a few per cent interest versus 300 % and greater returns on drilling !!
As far as trying to figure out what price a bunch of twitchy geezers will pay for shares, I will let greater minds than mine worry about that. The lower the better IMHO



Nuvista's drilling costs are fully paid back in much less than one year . Hence drilling actually reduces debt !! This is mostly true across the whole sector !!

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