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Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

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.


TSX:NVA - Post by User

Post by Indicatoron Jan 27, 2024 5:27pm
199 Views
Post# 35848836

Thoughts . . .

Thoughts . . .
Sugaree ...  you asked my thoughts on things:

Markets are pushing higher as fear of missing out is in play.  'Sort of' looks like some tentative breakouts, but I have been pretty distracted lately with home reno project. Dems need to keep things humming so US and TSX markets could keep moving higher.  I'm happy to earn 5%+ in shortterm money funds and pay the taxes for some sound sleep, at least until some chit hits the fan and real bargains re-appear.

Oil ...has way too many moving parts for my liking these days.  Much prefer buying things on deep discount but we still have a nice little trading range in NVA $10.50/$11.30+/- .  I'm not convinced Oil will have major moves in 2024, but wonders never cease ;-)

Basically I am not feeling aggresive at all about the markets, just holding some utilities, a couple of income ETF's and puttering around with NVA.  I'm ok just waiting patiently for the next clearer opportunity.

Good luck!
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