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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (80775)	4/3/2020 2:26:01 PM
From: Goose94	Read Replies (1) \| Respond to of 202035

NuVista Energy (NVA-T) revisited 2.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Apr 3rd @ 1200ET Nuvista is a natural gas and condensate producer that has fallen by 84 per cent year-to-date despite having 36 per cent of its liquids hedged at C$76 per barrel and a further 24 per cent of it getting an $11 barrel premium to WTI. Even at $30 WTI average this year (strip is $32) we have Nuvista only burning through $69 million of cash resulting in an exit 2020 debt to cash flow multiple of 3.8 and being only 71 per cent drawn on their bank lines. This is an example of a name that has been priced for bankruptcy yet has the liquidity and hedge book to get them through the storm, allowing them to come through the other side and get re-rated. Given the quality of Nuvista’s assets (they raised 4 times their market cap in August 2018 to buy one asset from Cenvous at a share price 14 per cent higher than their current one), we believe Nuvista offers multi-bagger potential.