Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the development, delineation and production of condensate, natural gas liquids (NGLs), and natural gas reserves in the Western Canadian Sedimentary Basin. Its focus is on the scalable and repeatable condensate rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin (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. The Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200 m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500 m. It has non-core operations in three additional areas of Alberta (non-core properties outside the greater Wapiti Montney area).

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Nuvista Energy Ltd

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Post by retiredcfon Jan 09, 2025 8:42am

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Post# 36395778

TD Notes

THE TD COWEN INSIGHT

Weekly Oil Charts

Promise of green-lighting 'massive resource projects' as CPC potentially secures a majority government prior to summer: With the resignation of the current PM, Mr. Justin Trudeau, we believe the likelihood of a CPC majority remains high. Notably, Mr. Pierre Poilievre recently stated that his administration would 'rapidly green-light massive resource projects'—perhaps easier said than done but in our view, a change of control and a swing back towards the center-right points to a potentially 'growthier' outlook for the industry. Our view is further supported by Trump's election win which points to regulatory tailwinds north and south of the border. In our view, this backdrop could ultimately drive a reversal of the extreme fiscal discipline we've seen since the 2020 meltdown (i.e., potentially higher WCSB spending and volume growth). Nevertheless, over at least the near term, we see most producers sticking to modest growth and prioritizing shareholder capital returns, since excess growth will only rekindle past basin egress challenges, and also because this is what investors continue to demand. For context, Canada already produces ~5mmbbl/d of crude oil annually (~60% oil sands), with ~4mmbbl/d or 80% of this total exported to the U.S.