Nuvista Energy Ltd (NVA-T)

Boasting record high production and supporting an ROE of 36%, we again reiterate NVA as a TOP PICK.  Despite recent precautionary wildfire curtailments, quarterly production increased 9%, allowing for cash flows to rise, despite lower commodity prices.  It trades at 8x earnings and 1.3x book value.  We like that cash reserves are growing, while debt is retired and shares bought back.  We continue to recommend maintaining a stop at $10, looking to achieve $15 -- upside over 20%.  Yield 0%  

This Calgary based energy producer in the Montney area is reiterated as a TOP PICK.  Receding forest fires in the province is allowing production to resume and has just achieved record highs.  It trades at 1.2x book, 7x earnings, and supports a 36% ROE.  Cash reserves are growing while debt is retired and shared bought back.  We continue to recommend a stop at $10, looking to achieve $16 -- upside potential of 39%.  Yield 0%

Trading at 7x earnings, 1.4x book and supporting a 37% ROE, we reiterate NVA as a TOP PICK.  The company aims to invest 75% of free cash flows and has been aggressively retiring debt and buying back shares, while increasing cash reserves.  We recommend trailing up the stop (from $8) to $10, looking to achieve $16 -- upside potential of 33%.  Yield 0% 

This $6 billion market cap producer in the prolific Montney region is setting production records. It trades at 1.4x book value and supports a 36% ROE.  Strong operating cash flow is allowing debt to be retired.  We recommend placing a stop-loss at $8, looking to achieve $16 — upside potential over 50%.  Yield 0%