NuVista’s syndicated credit facility was reaffirmed at $300 mm which is optically positive in this market. The Company met 4Q15e volume guidance, achieving in excess of 27,000 boe/d in December, above our 1Q16e outlook (unchanged) pegged slightly above 25,000 boe/d.
Affirmation of its 2016e outlook coupled with further cost efficiencies validates our prior forecast, and as such there are no changes to our estimates or outlook at this juncture. NuVista should be able to meet minimum take or pa ....
20 Jan 2016
NuVista Energy Ltd. (NVA) Announces Operational Update and Reconfirms Credit Facility
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NuVista Energy Ltd. (NVA) Announces Operational Update and Reconfirms Credit Facility
NuVista Energy Ltd. (NVA:TSE) | 0 0 -0.5% | Mkt Cap: 1,392m
- Published:
20 Jan 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
NuVista’s syndicated credit facility was reaffirmed at $300 mm which is optically positive in this market. The Company met 4Q15e volume guidance, achieving in excess of 27,000 boe/d in December, above our 1Q16e outlook (unchanged) pegged slightly above 25,000 boe/d.
Affirmation of its 2016e outlook coupled with further cost efficiencies validates our prior forecast, and as such there are no changes to our estimates or outlook at this juncture. NuVista should be able to meet minimum take or pa ....