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.

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Nuvista Energy Ltd > NCIB

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Post by Aurum1983on Aug 10, 2022 4:35pm

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Post# 34886280

NCIB

according to the Q2 report, 4.61M shares were bought back and cancelled at $47.6 million, or $10.33 per share.That's just a quarter of the NCIB. It is said that the buyback rate will pick up.

This is just amazing. Maybe they will pick up the pace and annonce another NCIB sooner than expected. If I am management, knowing what the nat gas price would be come September, why wouldn't I be buying 300K shares at the close everyday?

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