Nuvista Energy Ltd T.NVA

Thoughts . . .

[Indicator]

Sugaree ...  you asked my thoughts on things:

Markets are pushing higher as fear of missing out is in play.  'Sort of' looks like some tentative breakouts, but I have been pretty distracted lately with home reno project. Dems need to keep things humming so US and TSX markets could keep moving higher.  I'm happy to earn 5%+ in shortterm money funds and pay the taxes for some sound sleep, at least until some chit hits the fan and real bargains re-appear.

Oil ...has way too many moving parts for my liking these days.  Much prefer buying things on deep discount but we still have a nice little trading range in NVA $10.50/$11.30+/- .  I'm not convinced Oil will have major moves in 2024, but wonders never cease ;-)

Basically I am not feeling aggresive at all about the markets, just holding some utilities, a couple of income ETF's and puttering around with NVA.  I'm ok just waiting patiently for the next clearer opportunity.

Good luck!

[Sugaree]

Sounds a lot like me these days, just not willing to commit to anything O&G. As well, the markets look way overstretched and a pullback could come at anythime. Lots of news this week to absorb.

[MyHoneyPot]

NVA capex is pretty reasonable in 2024, and last quarter alone they spent 100 million on buybacks. Another 100M in buybacks is roughly 10% in Q4. I think their evaluation is low, and production will grow almost 13% in 2024. Since 2022 they bought back 28.8 million shares  Looks like 250 milion in FAFF or $1.25 a share.  This could lead to almost 185 milion in share buybacks, or about 8