NuVista Energy Ltd 

Company Overview:

NuVista Energy Ltd (TSX: NVA) in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. This Report covers the Entry Price, Support and Resistance Level of the stock.

As per the previous Report published on “NVA” as on 14^th February 2024, Kalkine provided an “Attractive” stance is given on the stock at the stock price of CAD 10.24.

Noted below are the details of support and resistance levels provided in the previous report:

NVA Daily Chart

NVA, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group 

Considering the resistance, risk-reward scenario, current trading levels and uncertain macro environment, the stock seems ‘unattractive’ at the closing market price of CAD 11.51 as on 27 February 2024.

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

NuVista Energy Ltd (TSX: NVA) is a part of Kalkine’s Earnings Hunter Report 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level as on 14^th February 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’