TMX and why I own NVA NuVista Energy (NVA.TO) CEO Jonathan Wright says two-thirds of his company’s cash flows come from producing condensate, a light oil used to blend with heavy crude so it can be pumped down pipelines. NuVista’s surging stock has ranked the Calgary-based company among the top performers in the TSX 30 over three years.
“Seeing these projects coming to fruition is starting to have a sentiment change for U.S. investors,” Wright told Yahoo Finance Canada . “More heavy oil production going down TMX, and other pipelines, means more demand for our product.”