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Nuvista Energy Ltd. (T:NVA)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 2500, 525 - 8 Avenue SW
Tel: N/A
IR: See website
Key People
Pentti O. Karkkainen
Independent Chairman of the Board
Jonathan A. Wright
President, Chief Executive Officer, Director
Ross Lloyd Andreachuk
Chief Financial Officer, Vice President - Finance and Corporate Secretary
Michael J. Lawford
Chief Operating Officer
Kevin G. Asman
Vice President - Marketing
Ryan D. Paulgaard
Vice President - Production and Facilities
Joshua T. Truba
Vice President - Land and Business Development
Business Overview
Nuvista Energy Ltd, formerly known as 1040491 Alberta Ltd, is a Canada-based exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company's primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney). The Company's products include natural gas, and condensate and oil. The Company's natural gas liquids include butane, propane and ethane.
Financial Overview
For the six months ended 30 June 2020, Nuvista Energy Ltd revenues decreased 32% to C$184.5M. Net loss increased from C$26.6M to C$869.2M. Revenues reflect Petroleum and natural gas decrease of 31% to C$194.6M. Higher net loss reflects Avg. Production Costs per Barrel, Total increase of 7% to C$14.17 per barrel, Finance lease expense increase from C$144K to C$5.1M (expense).
Employees: 84 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $829.70M as of Jun 30, 2020
Annual revenue (TTM): $456.76M as of Jun 30, 2020
EBITDA (TTM): $171.04M as of Jun 30, 2020
Net annual income (TTM): -$906.38M as of Jun 30, 2020
Free cash flow (TTM): -$76.56M as of Jun 30, 2020
Net Debt Last Fiscal Year: $763.84M as of Jun 30, 2020
Shares outstanding: 225,720,248 as of Sep 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization