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Nuvista Energy Ltd. (T:NVA)

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 fiscal year ended 31 December 2023, Nuvista Energy Ltd revenues decreased 18% to C$1.26B. Net income decreased 42% to C$367.7M. Revenues reflect Petroleum and natural gas sales decrease of 20% to C$1.4B. Net income also reflects FV/Uls Adjust on Derivatives for Hedging decrease from C$135.8M (income) to C$24.5M (expense), Depletion, Depreciation, Amortization an increase of 21% to C$244.7M (expense).
Employees: 97 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $2,756M as of Dec 31, 2023
Annual revenue (TTM): $1,263M as of Dec 31, 2023
EBITDA (TTM): $773.75M as of Dec 31, 2023
Net annual income (TTM): $367.68M as of Dec 31, 2023
Free cash flow (TTM): $150.64M as of Dec 31, 2023
Net Debt Last Fiscal Year: $305.05M as of Dec 31, 2023
Shares outstanding: 206,680,370 as of Mar 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization