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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Q4 2020 Earnings released
View:
Post by zorzie on Mar 02, 2021 7:27pm

Q4 2020 Earnings released

https://www.globenewswire.com/news-release/2021/03/02/2185782/0/en/NuVista-Energy-Ltd-Announces-Year-End-2020-Reserves-Financial-and-Operating-Results.html

"
  • Recognized an impairment recovery of $720 million in the fourth quarter, which largely offsets impairment expense of $909 million recognized in Q1 2020;"
Comment by Oldnagger on Mar 02, 2021 8:06pm
The impairment recovery is a huge event. I had predicted this but was advised that such events are exceedingly rare. In effect , the fact that bankers will accept it is a testament to a complete change in sentiment on their part. And probably indicates the end of any and nearly all credit worries. Nuvista is now free to prosper as it sees fit IMHO A huge congratulations to Nuvistas management for ...more  
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