Nuvista Energy Ltd. (T:NVA*CA)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2500, 525 - 8 Avenue SW CALGARY AB T2P 1G1 |
| Tel: | N/A |
| Website: | https://nvaenergy.com |
| IR: | See website |
| Key People | ||
| Michael J. Lawford President, Chief Operating Officer | Jonathan A. Wright Chief Executive Officer, Director | Ivan J. Condic Chief Financial Officer, Vice President - Finance, Corporate Secretary |
| Kevin G. Asman Vice President - Marketing | Chris M. A. Legrow Vice President - Development and Planning | Ryan D. Paulgaard Vice President - Production and Facilities | Joshua T. Truba Vice President - Land and Business Development |
| Business Overview |
| 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 Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m. |
| Financial Overview |
| For the three months ended 31 March 2024, Nuvista Energy Ltd revenues decreased 18% to C$276.4M. Net income decreased 56% to C$35.8M. Revenues reflect Petroleum and natural gas sales decrease of 21% to C$309M. Net income also reflects Avg. Production Costs per Barrel, Total increase of 1% to C$15.98 per barrel, Gain on property dispositions decrease from C$13.6M (income) to C$0K, Depreciation increase of 13% to C$67.1M (expense). |
| Employees: | 96 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,993M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,201M as of Mar 31, 2024 |
| EBITDA (TTM): | $692.19M as of Mar 31, 2024 |
| Net annual income (TTM): | $322.74M as of Mar 31, 2024 |
| Free cash flow (TTM): | $99.15M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $339.44M as of Mar 31, 2024 |
| Shares outstanding: | 206,366,416 as of May 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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