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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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

Comment by Oldnaggeron Oct 01, 2022 11:03am
143 Views
Post# 34999313

RE:RE:More room to run

RE:RE:More room to run My guess is yes, right now reducing the crude hedges do not give too much as crude prices are low. But as crude rises again there will be 4000 more barrrels to participate in the run up. As far as nat gas there will already be benefits but I am a bit wary of nat gas till we see if winter returns in force .
Due to higher drilling and fracking efficiency coupled with the forced outing of Freeport nat gas is a bit ahead of itself and looking at exceeding annualized demand.
Longer term of course, nat gas is the number one place to be !!
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