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.

TSX:NVA - Post by User

Nuvista Energy Ltd

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Post by Indicatoron Feb 08, 2024 2:09pm

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Post# 35870547

re Jump

Ya, low volume, still in some consolidation as opportunistic swing buyers chipping away ahead of traditional seasonal strength.

ADX(14) line on 3 year WEEKLY chart shows large growing cup and handle. When Oil gets legs again, NVA could have very nice move back to previous highs, or better.

Shorter term, RSI resistence at mid point (about $10.45+/-) will tell if we continue on up or do some more consolidating.

Good luck!

https://stockcharts.com/h-sc/ui?s=nva.TO

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