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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 llerrad5on Apr 30, 2023 2:53pm
243 Views
Post# 35421763

Oil

Oil$65 Oil was marked and I suggest we will see a double bottom in oil before an advance.
The coming Washington DC fight over extending the debt ceiling may trigger a final stock market bottom.
Oil is in the process of bottming but until I see the oils stocks doing the same I will hold my cash.

We are in a slow and long drawn out transition from La Nina to El Nino which should be in full force next winter.
That does not bode well for Natural gas barring a few spikes.
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