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NUVSF - NuVista Energy: Limited Capital Allocation Decisions
Nuvista Energy Ltd
After the release of NuVista Energy's (OTCPK:NUVSF) Q2 earnings yesterday, I realized I had missed an important aspect of the company in my previous articles.
The results didn't bring any surprise and management confirmed the guidance. The issue I had overlooked may explain the 13.51% drop in the stock price.
The company was already underperforming its peers since the beginning of the year. And the increase in the Canadian Crude index by 26.76% contrasts with the drop in the stock prices of Canadian oil and gas producers.