NVA - the chains are gone.
Nuvista is still buying back shares and reported on July 4, for june they bought back 571,000 shares.
Nuvista bonds looks Cheap by todays lending standards, and people are now selling them because it is not longer a premium return, and Nuvista keeps buying them back.
NVA we now know are producing more than 80,000 boe/day, so my guess is that they will take out their bonds, it will migrate to their bank line if the banks give them a competative rate, and it does not look like it will be a long time until their are debt free.
Their production will continue to grow until they max out their current infastructure that will take them to 100K without a lot of facility cost.
There is a good reason to take out the bonds, and they would make a company sale a lot simpler.
I see a upside from here for NVA, and Johnathan the CEO is solid, the interesting thing is they put an accordian in place regarding their bank line so maybe they are looking for some tuck in acquisitions.
The market has not seen NVA with a quarter of 80,000 boe/production and the cash generation capability of their company is outstanding.
The stock is cheap here and primed to go higher and their presentation is magnificant, with lots of running room.
IMHO