Nuvista Energy Ltd T.NVA

December share buybacks

[Oldnagger]

As per SEDI

4,898,500 shares  2.2 % of issued and outstanding

[Oldnagger]

Also $ 2,080,000 of senior notes due 2026

[Sugaree]

That is huge. Time to announce an SIB and start buying hand over fist in 2023!! Anyone know what the total November buyback of shares was?

[Sugaree]

"Normal Course Issuer Bid Pursuant to the NCIB, NuVista will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 18,190,261 common shares of the Corporation.The NCIB will become effective on June 14, 2022 and will terminate on June 13, 2023 or such earlier time as the NCIB is completed or terminated at the option of NuVista. " I have all the

[allin100]

That is huge numbers of buybacks for 5.5 months!  Nice to see the board coming back alive after the holidays.  Thanks to everyone for their contributions here.  I am mostly a lurker here but am reading it all and learning everything I can.  Looking forward to +$20/share, and feel confident that we are headed there.  GLTA

[borne2run]

Sugaree, did you calculate the average price paid per buyback share?

[Sugaree]

Nope, but I have most of the figures below. One thing is for sure, they paid a helluva a lot less than they are worth. Ironically, the longer share price stays depressed, the better it will be for shareholders as we retire more shares for cheaper.  June 30       +2,556,800              $10.7700 July 29        

[Sugaree]

Are you sure it was 4,898,500 in December?

[Oldnagger]

The number of share cancellations is slightly less than the number of share purchases according to SEDI   4054034 2022-12-31 2023-01-04 Direct Ownership :  38 - Redemption, retraction, cancellation, repurchase +2,473,400 12.4600     2,473,400    

[Oldnagger]

That didn't come out too well . The number of share purchases is 2473400 plus 2425100 = 4898500 The number of share cancellations is twice 2425100 = 4850200 I believe the difference will be cancelled probably next month The link to the web site is https://www.sedi.ca/sedi/SVTItdController

[Sugaree]

Even on the day to now with oil up 3.3% and markets up. nuvista trading defies logic.