14% Production Increase in Q3Nuvista will likely have their peak production of all time this quarter, close to 82,000 boe/day.
This is a 14% increase from Q2.
In Q3 they don't have any of their valuable condensate hedged.
With all this consolidation happening, in the United States will it spill over to Canada.
Why not buy your competition and consolidate the industry, rather than buy back your own shares.
All these buyback do is evaporate Capital off your balance sheet, why not add value to your balance sheet?
NVA is significantly undervalued, NVA could end the year producing 85,000 boe/day.
What will be 2024 target production 85000 -89000 boe a day?
NVA is dripping cash, and wait until we get a wiff of cold wether, the stock will be $14 dollars very soon.
IMHO