Peak Production + GrowingNVA has never produced more boe/day in its history, and is above 80,000 boe/day.
They continue to buy back their debt, they continue to add production, and they continue to buy back their shares, now at a significant discount.
The SPR draws will stop in July, and Saudi will take another million boe off the market.
With some of the production shut in, they may end up with a little more flush production, the yearly number does not matter what matters is their Q3 production number that will rerate the stock price.
This give them the opportunity to buy back as much of their NCIB as they can.
NVA Essentially Debt Free
The risk associated with NVA is very low, the price of commodities are at the bottom of the cycle, and all their boe's are high value boe with significant liquids.
So with no bank considerations, a NCIB that will be creating a littile competion in the market, and we are now essentially into the second half of the year with the last EIA report show a large oil draw today.
NVA Purchase
I would not be surprized to see a NVA purchase very soon, NVA is just a little to small in terms of production to get a proper multiple for its producion. If a take out that included a share portion they should provide NVA shareholder a great upside from here.
NVA is simply to cheap and i have been buying agressively here, this should be at least a 14 dollar stock.
IMHO