NuVista reported second quarter results that were in line with our expectations, a positive for this period across its peer group. Further, despite ongoing TCPL outages (~750 boe/d in 2Q15) and Alliance related downtime currently (-1,000 boe/d for 3Q15e), augmented by ongoing divesture activity (-350 boe/d for $13.9 mm YTD), NuVista has reaffirmed its 2015e outlook, looking for 22,500-24,000 boe/d on E&D capital investment of $270-$290 mm.
