Nuvista Energy Ltd T.NVA

Follow the money

[Bennys65]

At the risk of sounding pumpish, blame it on too much coffee,we all know GMT sold a big chunk of nva to POU.That money then went into a convert preferred at Pipe.The point is both these companys have wonderfull land and production in some of the most economic acerage in north america..Compared to their peers they are relative underperformers in recent run up.Look forward to them catching up

[Oldnagger]

What do you think is holding NVA and PIPE back? PIPE has an agressive drilling program and NVA much less so . It seems the answer is not in their drilling programs. Both seem to have very experienced management and as you have said good land positions. Is there some other factor?

[MyHoneyPot]

I think their land position are good, but if you destroy share holder value in the process. Not so Much.  IMHO

[Oldnagger]

I presume you are referring to the 10 million dollar transaction made in late september 2020. That is indeed curious, on face value it looks like GMT was either derisking or else they saw greatee value in PIPE as preferred share holders with a conversion price . Maybe they wanted a bit of both. Either way the sums involved on their part are not very large compared to their overall discretionary

[Oldnagger]

Sorry I should have said USD 5 Billion