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Bullboard - Stock Discussion Forum Nuvista Energy Ltd. T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.

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NCIB

Aurum1983 (35) | August 10, 2022 04:35 pm

according to the Q2 report, 4.61M shares were bought back and cancelled at $47.6 million, or $10.33 per share.That's just a quarter of the NCIB. It is said that the buyback rate will pick up.

This is just amazing. Maybe they will pick up the pace and annonce another NCIB sooner than expected. If I am management, knowing what the nat gas price would be come September, why wouldn't I be buying 300K shares at the close everyday?

RE:NCIB

Sugaree (440) | August 10, 2022 06:00 pm

An NCIB lasts 1 year and cannot begin a new one early if the shares are all bought. However, a SIB can be instituted and it is even better!! TD report mentions they are considering one.

Aurum1983 wrote: according to the Q2 report, 4.61M shares were bought back and cancelled at $47.6 million, or $10.33 per share.That's just a quarter of the NCIB. It is said that the buyback rate will pick up.

This is just amazing. Maybe they will pick up the pace and annonce another NCIB sooner than expected. If I am management, knowing what the nat gas price would be come September, why wouldn't I be buying 300K shares at the close everyday?


RE:RE:NCIB

Aurum1983 (35) | August 11, 2022 10:33 am

Yes at this rate they might exhaust the NCIB in Q4. SIB would be awesome. NVA should gap up to the target price with such low volume and tiny float.

RE:RE:RE:NCIB

Sugaree (440) | August 11, 2022 11:16 am

Yes, NCIB will be most likely all filled by Dec 31.

Aurum1983 wrote: Yes at this rate they might exhaust the NCIB in Q4. SIB would be awesome. NVA should gap up to the target price with such low volume and tiny float.