Nuvista Energy Ltd T.NVA

Nuttal

[Carjack]

Copy paste url

https://youtu.be/H15bp56_j-Q

[Oldnagger]

Contrary to Eric Nuttals thesis of O&G cos going private, we now see the opposite happening as Chesapeake lays out 2.4 Billion USD to acquire property from a Private company https://www.reuters.com/business/energy/exclusive-chesapeake-energy-nears-24-bln-deal-buy-chief-oil-gas-sources-2022-01-20/

[Carjack]

“Birchcliff remains committed to increasing shareholder value, which we intend to accomplish by maximizing free funds flow generation and significantly reducing indebtedness. In alignment with these priorities, our board of directors has approved a new five year plan for 2022 to 2026 that provides for potential cumulative free funds flow(1) of approximately $1.9 billion by the end of the five year

[Oldnagger]

I posted on the BIR BB that NVA among others would be able to massively reduce debt by 2023, while at the same time increasing production thru drilling. The reason is the very short payout time . The cash is back in the left pocket not very long after taking it out of the right pocket. Also NVA is increasing its reseves valuation.  A much preferable path . NVA is increasing its asset value