For ease of readability, in the press release “adjusted funds flow” is referred to as “cashflow”. It seems like all the Montney players are desperate to knock off debt. "s": "TVC:USOIL+NYMEX:ICL1! "tabs": [ Star Newspapers Limited and/or its licensors. The stock market’s disdain for oil and gas investments is illustrated by the S&P/TSX Capped Energy Index, which has fallen by 54 per cent from Dec. 31 as oil prices tumbled during a global price war and the COVID-19 pandemic, and have only partly recovered. “I think the trend is we’re definitely going to see more M&A. Products sold include natural gas, condensate and oil, butane, propane, and ethane, with condensate composing nearly half of all sales. As a result, NuVista has pivoted to this flexible spending plan.We are also pleased to announce that NuVista has closed a $40 million unsecured letter of credit facility under EDC’s Account Performance Security Guarantee (“APSG”) program. © 2020 Verizon Media. More particularly and without limitation, this press release contains forward looking statements, including management's assessment of: NuVista’s future focus, strategy, plans, opportunities and operations; future production, that we will have continued capacity to grow production in 2021 and beyond with capital expenditures approximately within cash flow; our annual growth target; the impact of the renegotiation of our MVCs on our near-term and long term total cost structure; plans to transfer outstanding letters of credit to the APSG program; 2020 capital spending; operating costs and G&A expense reductions; net debt reduction targets and 2020 exit increased liquidity; the quality of our assets; that we have the necessary foundation and liquidity to add significant value as commodity prices recover; plans to maximize the value of our asset base and ensure the long term sustainability of our business; plans to update our corporation presentation and the timing of its availability; and industry conditions and commodity prices. It primarily focuses on the condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin. NuVista shares have traded between 24 cents and $3.36 in the past 52 weeks and Paramount between 81 cents and $7.90. topaz will buy all or PART of a high quality pipeline or gas plant. "showChart": true, { Last week, Topaz Energy Corp., a subsidiary created by Tourmaline Oil Corp. partly to buy interests in producing and gathering oil and gas assets, announced it filed a preliminary prospectus to raise $252.5 million through an initial public offering. * Prices as of Previous Day Close. "s": "INDEX:DJI",
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