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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

Post by Carjackon Mar 27, 2023 7:25pm
207 Views
Post# 35363533

Oil bottoming

Oil bottomingThe good news is we are heading for another 2 year bull market for oil. China is on track to meet/exceed the growth targets they have set. Look for $110 oil by year end, oil is showing technical strength. Nat gas needs a little more to bottom out but should be very close. For trading days like today Sugaree would say don't get tricked out of your shares. Only a few days left to the end of this quarter and investment statements go out to the poor suckers paying investment firms. I would expect more volitility this week but some good Chinese economic date due out Thurs/Fri should point us into a better direction into April. The info above is based on many sources but I believe maximum bearishness has been achieved. Good luck to all the long bulls better days are coming.
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