RE:Frankly . . . I'm tempted, BUT ....In Q3, 2023 NVA had 202 million in adjusted funds flow.
That is 94 cents (AFF) a share for the quarter, anualized = $3.76
Today the shares are trading for $10.66
NVA is tranding at 2.835 time AFF per share or another way to say it is in Q3 it was trading at 35% FF in Q3.
In Q3 they spent a little more that 100 million on capex, but is still ramping up production.
I think it is a screaming buy here, and their production is going up, they will likely slow the capex until prices recover a bit. Keeping production flat at 85,000 boe/day can be done with less capex and capital.
NVA is essentially debt free, declining share count, management team with excellent execution.
The volume is currently so lite that the stock is just going to rocket up, gas at these prices will cause some of the companies major issues.
I am holding, i think its a safe hold in my opinion.
IMHO