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

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TSX:NVA - Post Discussion

Nuvista Energy Ltd > Capable of Paying a Dividend

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Post by ReitsRus on Nov 09, 2023 2:01pm

Capable of Paying a Dividend

Either last Fall or early Spring on BNN the CEO did mention possibility of having a Dividend in place by or in 2024.

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Comment by MyHoneyPot on Nov 09, 2023 2:33pm

It looks like they have about 100 million a quarter after capex to play with. If they paid out 50 milion a quarter on a float on 210 million shares, that is just a little under $1 dollar per share per year. Maybe NVA should buyback 10 million more share so the float is 200 million shares, and they they can give out one dollar a year in dividends, half their cash generated just ...more

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Comment by PabloLafortune on Nov 10, 2023 5:15am

Free cash flow was 13%. Dry gas producers can't do that right now. Plus due to their advantageous marketing and minimal hedging, they retain excellent upside on NG. I sort of like the current strategy. For illustrative purposes, build it up 110,000 $600MM annual FCF, bring share count down to 150MM, pay $4 annual dividend. If I compare to ARX, much better. $2.7Bmarketcap x 3.2 condensate ...more

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Nuvista Energy Ltd