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 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: | $2,797M 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: | 206,332,335 as of Apr 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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