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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

Energy Oil & Gas E&P
NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Not that long ago! Oil was $70 U.S. (Q2)
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Post by MyHoneyPot on Sep 19, 2023 7:49pm

Not that long ago! Oil was $70 U.S. (Q2)

So in Q2 Condensate average realized price $70 U.S. 

Now in Q3 they will produce 82,000 boe Compares to 71,000 in Q2.

67% of NVA revenue came from condensate in Q2.

In Q3 condensate production should increase approximately    15% from Q2
In Q3 Oil may average around 83 WTI increase approximately 18% compared to Q2

So in Q3 my napking guess is a 35% increase in condensate revenue in Q3 over Q2

Which means Q3 revenue is going to be 35% ahead of Q2. 

That is my best guess without getting to indepth. 

So NVA is going to hit it out of the ball park in Q3, this stock is cheap right now. 

IMHO
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Nuvista Energy Ltd