NuVista Energy Ltd.   NVA-T

Company Website 

Company Highlights: 

  • NuVista is a Montney natural gas and condensate producer which had production of 65,032 boe/d (58% natural gas) during Q2/22. They have growth plans to grow to 90,000 boe/d by 2025 as they have over 1,200 drilling locations.
  • Once debt is paid down below $200M (at the end of Q2/22 they had $349M) they plan to provide shareholders with meaningful returns (dividends and an NCIB).
  • As we see the start up on LNG plants on the west coast of BC in 2025, we expect to see LNG owners needing more natural gas reserves necessitating that they buy those reserves via corporate acquisitions. NVA could be one of the companies on acquirer BUY lists.
  • NVA has a market capitalization of $2.2B, significant insiders’ ownership and two large shareholders owning 25% of the company.
     
Jonathan Wright
Jonathan Wright
President & CEO
Mr. Wright was appointed President and CEO of NuVista Energy Ltd. on May 9th, 2011 and has more than 34 years’ experience in the oil and gas industry.
Prior to joining NuVista, Mr. Wright held various progressively more responsible roles both domestically and abroad with Talisman Energy Ltd., his last position there prior to joining NuVista, as Senior Vice-President of Talisman’s North American Conventional Production Division, which produced approximately half of Talisman’s North American production. Prior to joining Talisman in 1995, Mr. Wright spent six years with Shell Canada Ltd. in various operations and business development roles.
Mr. Wright possesses both a Master and a Bachelor of Science Degree in Mechanical Engineering (with great distinction) from the University of Saskatchewan, where he earned, among other awards, the Canadian Governor General’s Gold Medal for being the Outstanding University Post-Graduate for his pursuit in hydraulics and computer controls.
In addition, Mr. Wright serves on the Board of Governors for CAPP, the Canadian Association of Petroleum Producers.