Business Summary: Nuvista Energy Ltd, formerly known as 1040491 Alberta Ltd, is a Canada-based exploration and production company, which is engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company's primary focus is on Montney formation in the Alberta Deep Basin (Wapiti Montney). The Company's products include natural gas, and condensate and oil. The Company's natural gas liquids include butane, propane and ethane.
Financial Summary: BRIEF: For the nine months ended 30 September 2019, Nuvista Energy Ltd revenues decreased 4% to C$386.5M. Net loss totaled C$34.3M vs. income of C$32.2M. Revenues reflect Petroleum and natural gas decrease of 2% to C$404.6M, Royalties decrease of 58% to -C$18.1M. Net loss reflects Avg. Production Costs per Barrel, Total increase of 26% to C$12.71 per barrel, Depreciation increase of 55% to C$170.1M (expense).