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NuVista Energy Updates Production Guidance Amid Midstream Delays

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NuVista Energy Updates Production Guidance Amid Midstream Delays

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NuVista Energy ( (TSE:NVA) ) just unveiled an update.

NuVista Energy Ltd. has revised its annual production guidance due to delays in third-party midstream facilities, specifically the Pipestone Gas Plant and additional work during the Wapiti Turnaround. These delays are expected to impact annual production volumes by approximately 9,500 Boe/d, but both facilities are anticipated to be fully operational by September. Despite these challenges, NuVista remains committed to its shareholder returns strategy, supported by a strong balance sheet and a less intensive capital plan for the latter half of 2025. The company plans to continue its share repurchase program, expecting to generate around $150 million in free adjusted funds flow in the second half of the year.

The most recent analyst rating on (TSE:NVA) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on NuVista Energy stock, see the TSE:NVA Stock Forecast page.

Spark’s Take on TSE:NVA Stock

According to Spark, TipRanks’ AI Analyst, TSE:NVA is a Outperform.

NuVista Energy demonstrates strong financial performance with effective cost management and reduced debt levels. Its valuation appears attractive, indicating potential for price appreciation. While technical indicators suggest some caution in the short term, the company’s record reserves and robust production growth offer a positive long-term outlook.

To see Spark’s full report on TSE:NVA stock, click here.

More about NuVista Energy

NuVista Energy Ltd. is an oil and natural gas company focused on the exploration, development, and production of oil and natural gas reserves in Alberta, Canada. The company primarily targets the condensate-rich Montney formation in the Pipestone and Wapiti areas, aiming to leverage the high-value condensate volumes associated with natural gas production to create significant shareholder value.

Average Trading Volume: 959,088

Technical Sentiment Signal: Buy

Current Market Cap: C$2.96B

See more insights into NVA stock on TipRanks’ Stock Analysis page.

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