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 > December share buybacks

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Comment by Sugareeon Jan 05, 2023 9:25am

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Post# 35204502

RE:December share buybacks

"Normal Course Issuer Bid Pursuant to the NCIB, NuVista will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 18,190,261 common shares of the Corporation.The NCIB will become effective on June 14, 2022 and will terminate on June 13, 2023 or such earlier time as the NCIB is completed or terminated at the option of NuVista. "

I have all the months added up and looks like roughly 17,622,000 shares bought back in 5.5 months. They are within 500k of the allowed maximum.

I suspect and SIB will be announced soon. Sure hope they don't wait until March 8 quarterl earnings release. Last year they made a good news release second week on January and stock shot up big time that day.

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