Nuvista Energy Ltd NUVSF

Primary Symbol: T.NVA

Energy Oil & Gas E&P

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.

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Nuvista Energy Ltd > Buy buy buy

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Comment by Sugareeon Nov 27, 2023 3:37pm

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Post# 35755017

RE:RE:Buy buy buy

My guess is a lot of tax loss selling in the O&G sector coming up. Save maybe ATH, MEG and a select few others.

I got back into NVA and sold out almost as soon as I got back in, too scared, and looks like I was right. Oil is just so hated. It sickens me the money these companies are making and their valuations suck.

Should be buying today, but again, too scared, lol.

You might be right about January.

Indicator wrote: NVA might bounce off 200 MA, but no signs of a sustainable reversal just yet. I'd far prefer to see a solid washout in low $11's then a few days of consolidation opportunity.

If the OIL commodity stars align ... buy in January for long hold position . . .

The Seasonality Effect on Oil Prices and Canadian Crude Differentials
https://www.oilsandsmagazine.com/market-insights/seasonality-impacts-on-oil-prices-and-canadian-crude-differentials