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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Nuvista Energy Ltd > Oversold ...

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Post by Indicator on Dec 13, 2023 7:30pm

Oversold ...

Could be the bottom, could be beginning of sideways firming, but no strong sign of turn up just yet.

Headlines driving market.

Trouble is when NVA turns, like others have said, it's likely to move fast, so I am ok (so far) buying in here and waiting it out through tax loss season.

Jan/Feb is *typically* begining of seasonal strength for Oil.

Good luck.

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Comment by Sugaree on Dec 13, 2023 7:54pm

Gotcha. Move up fast, kinda like how everything moved down fast, lol. The drops in O&G stocks is shocking. I do think sideways may be where things roll for a bit.

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Comment by Sugaree on Jan 05, 2024 10:28pm

Indicator, if you are around, what are your thoughts? A few weeks of sideways consolidation and moving toward strong season. I am still on sidelines but think it may be close to time. Hate to miss the big shot up outta nowhere, lol.

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Comment by Carjack on Jan 10, 2024 9:49am

With the recent stretch we should be pushing to the 11.70 range as cold sets in and stays for the long term we haven't really discussed yet.

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Comment by llerrad5 on Jan 10, 2024 11:32am

My thougts are that most still think we are in a warm El Nino winter and that this cold weather is an anomoly. I use UNG (an stock that folows Nat Gas futures) as a side line Nat Gas play and sold yesterday as it hit extreme highs. I am expcet this cold spell to recede, then rise and repeat through to th end of March. I hope that there will still be some more nice money to be made with UNG but it ...more

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Comment by Indicator on Jan 11, 2024 2:16pm

Start of what looks like a basing pattern. Short term swing range of $10.50 to $11:30 +/- I am holding a small postion in lower end of range and will add on any breakout. Lots of moving parts in this market but a bet on further unrest in Mid East seems a reasonable gambling bet for now. Happy New Year!

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Comment by Sugaree on Jan 11, 2024 5:33pm

I think moves in the entire O&G equity space depends on the price of oil and natural gas, more so oil. Most are barely above the December 12 lows when oil hit $68. If oil does that again soon before an equity recovery, then look out below for new lows. However, should oil climb to above $76 and towards $80, they will all recover nicely.

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