Nuvista Energy Ltd

NVA-T

Analysis and Opinions about NVA-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 30, 2020
It took a big haircut in earnings in the last 90 days, down 57% this year and a projected 20% in 2021. Cash flow will shrink this year but expected to grown next year, but still lags its peers. NVA is a reasonable speculation, but he sees a better play in natural gas names in the next 12 months, considered The Energy Trade of the Decade.
Show full opinionHide full opinion
It took a big haircut in earnings in the last 90 days, down 57% this year and a projected 20% in 2021. Cash flow will shrink this year but expected to grown next year, but still lags its peers. NVA is a reasonable speculation, but he sees a better play in natural gas names in the next 12 months, considered The Energy Trade of the Decade.
BUY WEAKNESS
BUY WEAKNESS
June 23, 2020

A three-year time horizon It's a liquids-rich natural gas story, moving more into the Montney. Nice production increase of 19% in Q1. The balance sheet and debt are an issue because of the oil price plunge during the pandemic. This could fall below 70 cents if WTI falls $10 which he expects. He also expects a tightening of the natural gas market in western Canada because of the lack of drilling plus increased demand from Transalta as it goes from coal to nat gas. There are lots of good reasons to own this for the next few years, but in the meantime, buy on pullbacks. This will do well if you have a long-term horizon.

Show full opinionHide full opinion

A three-year time horizon It's a liquids-rich natural gas story, moving more into the Montney. Nice production increase of 19% in Q1. The balance sheet and debt are an issue because of the oil price plunge during the pandemic. This could fall below 70 cents if WTI falls $10 which he expects. He also expects a tightening of the natural gas market in western Canada because of the lack of drilling plus increased demand from Transalta as it goes from coal to nat gas. There are lots of good reasons to own this for the next few years, but in the meantime, buy on pullbacks. This will do well if you have a long-term horizon.

PAST TOP PICK
PAST TOP PICK
June 19, 2020
(A Top Pick Aug 30/19, Down 44%) It has been a roller-coaster ride and he is still one of the top three holders of the stock. When oil returns to $60, sometime next year they will be strong again. They could be a candidate for consolidation in the space. If you are bullish on condensate pricing, there could be some great upside here. He continues to hold it as a large core holding.
Show full opinionHide full opinion
(A Top Pick Aug 30/19, Down 44%) It has been a roller-coaster ride and he is still one of the top three holders of the stock. When oil returns to $60, sometime next year they will be strong again. They could be a candidate for consolidation in the space. If you are bullish on condensate pricing, there could be some great upside here. He continues to hold it as a large core holding.
DON'T BUY
DON'T BUY
May 29, 2020
An oil and gas producer. If you believe oil prices are going higher, then you should do okay. Analysts have cut cash flow estimates on this and there are likely better opportunities out there.
Show full opinionHide full opinion
An oil and gas producer. If you believe oil prices are going higher, then you should do okay. Analysts have cut cash flow estimates on this and there are likely better opportunities out there.
DON'T BUY
DON'T BUY
May 20, 2020
The company is 40% condensate and 60% natural gas. They took a big $886 million impairment, which dropped their equity to debt ratio dramatically. They have debt that now exceeds equity. The debt maturity will be critical for its survival. He would pass.
Show full opinionHide full opinion
The company is 40% condensate and 60% natural gas. They took a big $886 million impairment, which dropped their equity to debt ratio dramatically. They have debt that now exceeds equity. The debt maturity will be critical for its survival. He would pass.
HOLD
HOLD
May 15, 2020

Trading volumes? The lower the share price, you have to trade more for a given trading position size. He thinks this will be a $4 stock down the road. Volatility in oil prices has caused investors to digest the market developments. He thinks oil prices will consolidate around here for a while. He likes management and the asset quality. They are immunized against weak cash flow. Well results in the last quarter were awesome, telling him the Cenovus assets they acquired are now validated.

Show full opinionHide full opinion

Trading volumes? The lower the share price, you have to trade more for a given trading position size. He thinks this will be a $4 stock down the road. Volatility in oil prices has caused investors to digest the market developments. He thinks oil prices will consolidate around here for a while. He likes management and the asset quality. They are immunized against weak cash flow. Well results in the last quarter were awesome, telling him the Cenovus assets they acquired are now validated.

COMMENT
COMMENT
April 3, 2020

Natrual gas prices? The 2021 strip price for AECO is over $2. That will work for strong balance sheet producers like TOU, NVA (60% natural gas), and ARX.

Show full opinionHide full opinion

Natrual gas prices? The 2021 strip price for AECO is over $2. That will work for strong balance sheet producers like TOU, NVA (60% natural gas), and ARX.

TOP PICK
TOP PICK
April 3, 2020
A natural gas and condensate producer. They are 34% hedged at $76 CAD and 24% of their liquids production receives a premium to WTI. His biggest position in his portfolio. Yield 0% (Analysts’ price target is $1.62)
Show full opinionHide full opinion
A natural gas and condensate producer. They are 34% hedged at $76 CAD and 24% of their liquids production receives a premium to WTI. His biggest position in his portfolio. Yield 0% (Analysts’ price target is $1.62)
COMMENT
COMMENT
March 6, 2020

There is a rumour that Paramount has acquired a 9% holding in Nuvista. Paramount is outspending their cash flow and announced, if required, they may look to sell off assets and this could Nuvista. Both companies share prices have been pushed sharply lower as a result.

Show full opinionHide full opinion

There is a rumour that Paramount has acquired a 9% holding in Nuvista. Paramount is outspending their cash flow and announced, if required, they may look to sell off assets and this could Nuvista. Both companies share prices have been pushed sharply lower as a result.

BUY
BUY
February 12, 2020
It is trading at 3.2 times next year's cash flow. There are rumours that a large player in buying up stock. Asset quality and management quality create very compelling value.
Show full opinionHide full opinion
Nuvista Energy Ltd (NVA-T)
February 12, 2020
It is trading at 3.2 times next year's cash flow. There are rumours that a large player in buying up stock. Asset quality and management quality create very compelling value.
BUY
BUY
November 15, 2019
He bought near the lows when there was fear it would be removed from the index. He thinks it should be trading near $6. Their market cap is lower than the capital they raised to purchase an asset from Cenovus. They released an update on new production that validated the purchase. He continues to own it. Their operations can support a continued 15% growth on future cash flow. He sees good upside.
Show full opinionHide full opinion
Nuvista Energy Ltd (NVA-T)
November 15, 2019
He bought near the lows when there was fear it would be removed from the index. He thinks it should be trading near $6. Their market cap is lower than the capital they raised to purchase an asset from Cenovus. They released an update on new production that validated the purchase. He continues to own it. Their operations can support a continued 15% growth on future cash flow. He sees good upside.
COMMENT
COMMENT
October 11, 2019

VII-T vs CR-T? He would stay away from CR-T due to its debt level. VII-T has a good management team, but its slow down in growth highlighted their 50% decline rates in existing assets. This causes too much of their cash flow to still be required for maintenance. He would prefer NVA-T, which trades at a lower multiple of cash flow, has a better balance sheet, and lower decline rates on production.

Show full opinionHide full opinion
Nuvista Energy Ltd (NVA-T)
October 11, 2019

VII-T vs CR-T? He would stay away from CR-T due to its debt level. VII-T has a good management team, but its slow down in growth highlighted their 50% decline rates in existing assets. This causes too much of their cash flow to still be required for maintenance. He would prefer NVA-T, which trades at a lower multiple of cash flow, has a better balance sheet, and lower decline rates on production.

TOP PICK
TOP PICK
August 30, 2019
The stock has fallen from $8 to $1.60. The market cap today is below what they raised in 2018. This is heavily shorted based on fears of TSX de-listing. It's trading at 2.6x cash flow, and 27% free cash flow yield. There's such a gap between share price and fundamentals. (Analysts’ price target is $5.17)
Show full opinionHide full opinion
The stock has fallen from $8 to $1.60. The market cap today is below what they raised in 2018. This is heavily shorted based on fears of TSX de-listing. It's trading at 2.6x cash flow, and 27% free cash flow yield. There's such a gap between share price and fundamentals. (Analysts’ price target is $5.17)
COMMENT
COMMENT
August 12, 2019
If you go back 10 years. You see lows from 2012 and 2016. It depends on the top side resistance, but there is a lot of room. The company is well run with good balance sheet. The cash flow has been really good here. We could get quite a surprise here. A year from now you will be happy with these energy names.
Show full opinionHide full opinion
If you go back 10 years. You see lows from 2012 and 2016. It depends on the top side resistance, but there is a lot of room. The company is well run with good balance sheet. The cash flow has been really good here. We could get quite a surprise here. A year from now you will be happy with these energy names.
SELL STRENGTH
SELL STRENGTH
June 18, 2019
It continues to be under pressure and they believe commodities are challenged longer term. Here they saw a multi-month rally which could show upside into September. This could rally back to key resistance near $3.50 followed by a resumption of the bear trend. He would sell into this rally.
Show full opinionHide full opinion
It continues to be under pressure and they believe commodities are challenged longer term. Here they saw a multi-month rally which could show upside into September. This could rally back to key resistance near $3.50 followed by a resumption of the bear trend. He would sell into this rally.
Showing 1 to 15 of 79 entries

Nuvista Energy Ltd(NVA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 8

Stockchase rating for Nuvista Energy Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nuvista Energy Ltd(NVA-T) Frequently Asked Questions

What is Nuvista Energy Ltd stock symbol?

Nuvista Energy Ltd is a Canadian stock, trading under the symbol NVA-T on the Toronto Stock Exchange (NVA-CT). It is usually referred to as TSX:NVA or NVA-T

Is Nuvista Energy Ltd a buy or a sell?

In the last year, 8 stock analysts published opinions about NVA-T. 4 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Nuvista Energy Ltd.

Is Nuvista Energy Ltd a good investment or a top pick?

Nuvista Energy Ltd was recommended as a Top Pick by Robert McWhirter on 2020-06-30. Read the latest stock experts ratings for Nuvista Energy Ltd.

Why is Nuvista Energy Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nuvista Energy Ltd worth watching?

8 stock analysts on Stockchase covered Nuvista Energy Ltd In the last year. It is a trending stock that is worth watching.

What is Nuvista Energy Ltd stock price?

On 2020-07-10, Nuvista Energy Ltd (NVA-T) stock closed at a price of $0.76.