Public market insider selling at Nuvista Energy (NVA)

Public market insider selling at Nuvista Energy (T:NVA)

Paramount Resources Ltd., a 10% Holder, disposed of 6,000,000 Common Shares on a direct ownership basis at a price of $12.500 on April 11th, 2024. This represents a $75,000,000 divestment of the company's shares and an account share holdings change of -16.1%.

Nuvista Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.