RBC Capital Markets-NVA RBC Capital Markets Notes Marginal Changes To NuVista Estimates
10:16AM ET on Monday Aug 14, 2023 by MT Newswires
10:16 AM EDT, 08/14/2023 (MT Newswires) -- RBC Capital Markets said Monday that its cash flow per share estimates for NuVista Energy Ltd. (NVA.TO) marginally changed to reflect the company's adjustments to margins.
BC's CFPS forecast for NuVista increased 3% in 2023 and fell 1% in 2024. The company continues to target a 75% return of free cash flow, which equates to roughly $250 million in 2023 at the current futures strip.
RBC also noted NuVista's $41 million in completed buybacks during the second quarter.
According to RBC, NuVista builds on a record of strong execution, delivering a solid quarter and providing several encouraging well results including the Lower Montney wells