Nuvista Energy Ltd T.NVA

September presentation

[Oldnagger]

well worth reading. Even at lower crude and nat gas prices, NVA is a once in a lifetime opportunity !!
Where else do stable growth  companies get a full payback on their capex in far under 12 months ??
There are other similar companies, yet NVA still has existing infrastructure to support another 50 % growth . Also NVA is getting unhedged which will be a good position to be in this coming winter
Biden is deliberately manipulating markets for his own political goals. That will stop by November at the latest. BUT I will buy now as major producers are surely not amused !!

[Sugaree]

Looks like the last $87m still borrowed on the Credit Facility Capacity is paid off and now have all $470 MM free to borrow. Oldnagger, I see they are starting to pay off the 2026 notes now. I thought being callable to July 2023 meant they could not be redeemed at all until then? Not my area of understanding. any idea?

[Oldnagger]

I would suspect that NVA is simply making bids in the open market and filling them as they can (at par). So on second thought this action is not a sure sign that bank debt has all been paid down !!

[Sugaree]

Page 16 of Sept presentation shows entire Credit Facility is paid off! And $6m of the $230 MM Senior Debt now from those filings, so only have $224m in debt obligations. I have older presentations saved, May 2021 they owed $324m in the Credit Facility. Nuvista has come a long way!!