Nuvista Energy Ltd T.NVA

whats up?

[Mash1953]

Down 12% yesterday bid and ask just above $7 today so down 20% before bell if this holds . Cannot find any news at all to justify

[Indicator]

Large algo shorts got this ball rolling downhill and now some panic selling. Bear markets have their day but I'm not as quite as pessimistic as Alvarez.  It's a traders market and we're seeing some capitulation.  I expect a large short covering rally may be not too far off.

[alvarez2]

I would expect a rally as well....in the near future perhaps ?? Who knows, however I'm of the opinion that big money or sophisticated investment groups will be using that opportunity of strength to also be unloading their shares to the less sophisticated and the long term trend will be down for quite awhile yet. The 4th quarter markets I'm guessing should prove quite interesting.

[alvarez2]

I'm not bashing..... just stating my imo and the way I believe it will play out. NVA is a great company however for those that haven't been through and extended bear market.....this will be educational. Most financial advisors today are likely to young to have had the experience.

[Oldnagger]

This is being driven by the commodity markets. Probably in order to manipulate crude cargo pricing for liftings out of Russia. Should revert big time in 3 weeks or more.(as the cargoes discharge ) NVA is a startling buy. Read the presentation and do the math !! For now I am happy to know that NVA is buying shares for me at bargain prices !!

[Sugaree]

The number of common shares that can be purchased pursuant to the NCIB is subject to a daily maximum of 335,363 common shares (which is equal to 25% of the average daily trading volume of 1,341,453 from December 1, 2021 to May 31, 2022) with the exception that one block purchase in excess of the daily maximum is permitted per calendar week.

[alvarez2]

A chance perhaps at a bounce tomorrow before the onward slide. I continue to watch.

[Sugaree]

Indicator, so you figure a large chunk of this downdraft is short sellers that will need to cover at some point?

[Indicator]

"Indicator, so you figure a large chunk of this downdraft is short sellers that will need to cover at some point?" I'm not watching house info in real time these days but that's usually the way it goes - Algo traders of big houses run the markets pretty easily during fearfull times.  Bear is definitely not dead so long as paper liquidity is being withdrawn, rate hikes keep

[alvarez2]

[alvarez2]

Semi retired......just like me. Lol Most of the money I've made over the years has come from major events just like this .......and they don't come often. Learned to buy them when everyone hates and usually out before the last man standing. I don't mind leaving a little on the table.

[Alkayssi]

I sold at 11, honestly it was hard for me to watch my money go down. I have been through the ups and down with NVA Since May 2020, and today the market is so unstable and recession news are all over, so i did panic and sold as well. Anyway, i follow this group chat closely, let me know when you are buying in again.