In the second quarter, NuVista reported producing 50,900 barrels of oil equivalent per day while Paramount’s output was 68,800 boe/d. Paramount Resources Ltd. Acquires Common Shares of NuVista Energy Ltd. NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce the successful renegotiations of our Minimum Volume Commitments ("MVCs") under various processing and transportation agreements, and the successful consummation of an agreement for Letters of Credit ("LC") support in the amount of $40 million with Export Development Canada ("EDC"). if you made this up out of thin air again, all i Have to ask is WHY?

View this premium StockCalc report to see this stock's valuation and how it was calculated using fundamental analysis. They only made 50% of revenue from nat gas in Q2 bc liquid pricing sold at an avg of price of $22.46 On the gas side, they hedged 2/3's of production until Oct 2020, which hopefully, mrmomo wrote: Due to VERY strong natural gas prices and the FACT that Nuvista has been holding strong at these levels for several weeks despite voltaile markets, i'm upping my buyout targets for. NuVista Energy Ltd. Reduces Minimum Volume Commitments and Increases Liquidity, NuVista Energy Ltd. The lack of access to capital to fuel drilling and replace produced oil and gas means that many energy firms are offside with their creditors and that will add pressure to make deals during semi-annual credit reviews, analysts say. Continual growth has created opportunities for qualified individuals who wish to work in this dynamic and challenging environment and who desire to contribute to NuVista's future success. Financial Market Data powered by QuoteMedia. © Copyright 2020 The Globe and Mail Inc. All rights reserved. Available for free with registration. This collaborative approach has ensured the mutual preservation of overall contract value while reducing near term requirements to grow in this unprecedented economic environment. Bulk of NVA hedges did or are rolling off this quarter; which is good timing considering they, Due to VERY strong natural gas prices and the FACT that Nuvista has been holding strong at these levels for several weeks despite voltaile markets, i'm upping my buyout targets for Nuvista. permissions/licensing, please go to: www.TorontoStarReprints.com. ", Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star using $1.92, nat gas/liquids spread = 29% / 71%, lngstrong wrote: "Although the majority of NVA revenue is liquids, the 30% revenue from gas should be helpful:" Sorry Lngstrong, but you sure about that statement? }, Provides Second Quarter Operating Results and Reinstates 2020 Production Guidance. "s": "INDEX:CDNC", Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals, OPEC chief says rising infections may delay oil recovery, Topaz Energy Corp. Completes $230.5 Million Initial Public Offering, Oil Slumps Below $39 on Surging Virus and Stimulus Stalemate, Deal With Li Ka-shing’s Husky Gives Canadian Oil Giant a Biden Hedge, From Roughneck to CFO: One Métis Woman’s Unconventional Career Journey – Gregory John, Learn how to drastically reduce the time it takes you to complete manifests and manage waste data, 98% Uptime Sound Appealing? Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email. }, Subscribe to Premium to view Fair Value for NUVSF, CALGARY, Alberta, Sept. 29, 2020 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the successful renegotiations of our Minimum Volume Commitments (“MVCs”) under various processing and transportation agreements, and the successful consummation of an agreement for Letters of Credit (“LC”) support in the amount of $40 million with Export Development Canada (“EDC”).The adjustments to our MVCs profile provides NuVista with: * A successful reduction of approximately 20% in our near-term MVCs, therefore; * The flexibility to continue to maintain annual average production volumes flat at current levels through 2021, if commodity prices remain below US$40/Bbl WTI in 2020/21, without growing MVCs costs; * The continued availability of incremental capacity to grow production in 2021 and beyond with capital expenditures approximately within cash flow, should commodity prices remain at or above current strip levels.

Companies in this story: (TSX:POU, TSX:NVA, TSX:TOU, TSX:PONY, TSX:CNQ, TSX:BNE, TSX:OBE), Copyright owned or licensed by Toronto Star Newspapers Limited. { TradingView.com We have the necessary foundation and liquidity to add significant value as commodity prices recover. For subscribers only. Analyst Ratings and Earnings Estimates are provided by Zacks Investment Research – including Buy/Hold Recommendations, Earnings Surprises, Estimates and Recommendations History. We will continue to adjust to this environment in order to maximize the value of our asset base and ensure the long term sustainability of our business. } RE:RE:RE:RE:RE:Increasing my predictions...... Stockhouse @ the Bell: North American markets fall with declining price for oil. This approach is expected to result in greater than $100 million of available liquidity by the end of 2020.NuVista has top quality assets and a management team focused on relentless improvement. { Our position in the Alberta condensate-rich Montney is a sweet spot in a world class play. NuVista Energy Ltd. Reduces Minimum Volume Commitments and Increases Liquidity, NuVista Energy Ltd. It revealed it already owned 22.4 million shares, representing 9.94 per cent of the outstanding total. NuVista’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements, or if any of them do so, what benefits NuVista will derive therefrom. Rise Above the Ongoing Global Economic Challenge, Recent Advances in Becht’s HTHA Damage Modeling Approach, U.S. Election Will Help Canada’s Oilpatch No Matter Who Wins, Canada Weekly Rig Count Up 3 for Week Ending October 23, 2020, Canada’s Cenovus Energy to buy Husky Energy for $3.8 billion in shares – $23.6 billion deal value, Wet’suwet’en Legal Challenge to Coastal GasLink to be heard in the BC Supreme Court, Obsidian Energy Announces Alberta Site Rehabilitation Program Awards and Hedging Update, Trudeau’s Spilling Less Red Ink Than Planned, But Only For Now, ‘Sign of the times’ as Hydro One Brampton rebrands, Shale Bogeyman Bedevils OPEC’s Resurgence Through Next Decade, Weekly Canadian Oil & Gas Industry Highlights – June 26, 2017, ISA Automation Expo and Conference 2020 (AEC 2020), Operational Excellence in Oil and Gas 2020 - Online, CANWEA: Electricity Transformation Canada 2020, World Energy Capital Assembly (WECA X 2020), Operational Excellence in Energy, Chemicals & Resources 2020 - Online, Canadian Onshore Well Site Facilities Optimization & Methane Emissions Reduction Technology 2020, Williston Basin Petroleum Conference 2021, Canada Gas & LNG Exhibition and Conference 2021, Operational Excellence in Energy, Chemicals, and Resources 2021. The synergies and efficiencies inherent in consolidation of the two companies would make sense for the long-term viability of the combined entity and its assets, with limitations, said National Bank analyst Dan Payne in a note to investors. "d": "CDN Light Sweet" Our primary focus is on the scalable and repeatable condensate-rich Montney formation in the Alberta Deep Basin (Wapiti Montney). The use of any of the words “will”, “expects”, “believe”, “plans”, “potential” and similar expressions are intended to identify forward-looking statements. The Wapiti Montney area delivers the largest portion of hydrocarbon pro. },

These terms do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies where similar terminology is used. wow you're actually staking your reputation on this. { "using today's spot @ $3cad/gj including Q4 liquid hedges, my eval spread shows 38% revenue would be from nat gas; 62% from liquids. "largeChartUrl": "http://energynow.ca/data/", We will not release or resell your information to third parties without your permission.

Paramount shares dropped by as much as seven cents or 3.5 per cent to $2.01 but closed up a penny at $2.08. NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, delineation, and production of condensate, and oil and natural gas reserves in the Western Canadian Sedimentary Basin in Canada. Recent deals include the bid by major Canadian Natural Resources Ltd. to buy cash-starved Painted Pony Energy Ltd. for $111 million in cash and the assumption of $350 million in debt, a deal made to grow its position in the liquids-rich Montney natural gas region of northeastern B.C. A premium report that provides detailed quantitative assessments of earnings, fundamentals, relative valuation, risk, price momentum and more. NuVista took decisive action in the face of a challenging quarter for all of the industry, through the implementation of a COVID-19 safe operating plan, the restriction of higher condensate ratio production during the lowest oil/condensate commodity value periods, and the significant reduction of capital, operating, and G&A spending to ensure liquidity and balance sheet protection remained paramount. "d": "WTI Crude" By providing my email, I consent to receiving investment related electronic messages from Stockhouse. wow, it must be a stink bid. Provides Second Quarter Operating Results and Reinstates 2020 Production Guidance. {



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