Latest news with #NuVistaEnergy
Globe and Mail
10 hours ago
- Business
- Globe and Mail
NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid
CALGARY, Alberta, June 18, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or the "Corporation") announces that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "2025 NCIB"). Normal Course Issuer Bid Renewal Pursuant to the 2025 NCIB, NuVista may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 16,398,617 common shares of the Corporation. The 2025 NCIB will become effective on June 23, 2025 and will terminate on June 22, 2026 or such earlier time as the 2025 NCIB is completed or terminated at the option of NuVista. NuVista has completed its minimum $100 million share repurchase target for the year, underscoring its commitment to disciplined growth and returning capital to shareholders. NuVista currently believes that the best method for return of capital to shareholders is through share repurchases. For the remainder of the year, at least 75% of incremental free adjusted funds flow will be allocated to additional share buybacks. We remain focused on our disciplined and value-adding growth strategy, and providing significant shareholder returns. The maximum number of common shares to be purchased pursuant to the 2025 NCIB represents 10% of the public float, as of June 12, 2025. Purchases pursuant to the 2025 NCIB will be made on the open market through the facilities of the TSX and/or Canadian alternative trading systems. The number of common shares that can be purchased pursuant to the 2025 NCIB is subject to a daily maximum of 195,945 common shares (which is equal to 25% of the average daily trading volume of 783,783 from December 1, 2024 to May 31, 2025) with the exception that one block purchase in excess of the daily maximum is permitted per calendar week. The price that NuVista will pay for any common shares under the 2025 NCIB will be the prevailing market price on the TSX at the time of such purchase. NuVista has entered into an automatic share purchase plan ("ASPP") with a broker to facilitate repurchases of its common shares. Under the Corporation's ASPP, the broker may repurchase shares under the normal course issuer bid during the Corporation's self-imposed blackout periods. Purchases will be made by the broker based upon the parameters prescribed by the TSX and applicable securities laws and the terms of the plan and the parties' written agreement. Outside of these blackout periods, common shares may be purchased under the 2025 NCIB in accordance with management's discretion. Under the previous normal course issuer bid (the "2024 NCIB"), pursuant to which NuVista was approved to repurchase up to 14,234,451 common shares, NuVista repurchased 11,234,200 common shares at a weighted average price paid per share of $12.76. The term of the 2024 NCIB has expired and no further shares may be purchased thereunder. As of the close of business on June 12, 2025, the Corporation had 197,400,294 common shares issued and outstanding and a public float of 163,986,173 common shares. All common shares acquired under the 2025 NCIB will be cancelled. This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. About NuVista NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. NuVista's primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. The common shares of NuVista trade on the TSX under the symbol NVA. Learn more at Forward-Looking Information This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" 'forecast' and similar expressions are intended to identify forward-looking information or statements. In particular, and without limiting the foregoing, this news release contains forward-looking statements with respect to NuVista's intentions with respect to the 2025 NCIB, including the return of capital to shareholders, the timing for beginning purchases of common shares under the 2025 NCIB and the effects of repurchases of common shares under the 2025 NCIB. Forward-looking statements or information are based on a number of material factors, expectations or assumptions of NuVista which have been used to develop such statements and information but which may prove to be incorrect. Although NuVista believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because NuVista can give no assurance that such expectations will prove to be correct. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and NuVista does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Yahoo
09-06-2025
- Business
- Yahoo
How to Allocate $5,000 Across Different Market Opportunities
Written by Christopher Liew, CFA at The Motley Fool Canada Tariffs are significant headwinds for global stock markets. However, despite mounting trade tensions, investors can still scout the market for passive income or capital growth. Some TSX stocks may be out of favour in the current environment, but others have become more attractive. Suppose you have $5,000 to invest, play smart and allocate your money across different market opportunities. Bird Construction (TSX:BDT), NuVista Energy (TSX:NVA), and Blackline Safety (TSX:BLN) are excellent options due to their favourable business outlook and stability. Bird Construction reported strong first-quarter earnings and secured $525 million of new contract awards recently. This $1.5 billion company is one of Canada's prominent builders. It offers various construction services and provides innovative solutions to the industrial, buildings, and infrastructure markets. Performance-wise, BDT is up 7% year-to-date. At $27.07 per share, the industrial stock pays a decent 3.1% dividend yield. Unlike most dividend-payers, the payout frequency is monthly. The most recent increase (November 2024) was 50%. Bird has been paying monthly dividends since 2012. In Q1 2025, construction revenue increased 4% to $717.6 million versus Q1 2024, while net income declined 6% year-over-year to $9.4 million. According to its President and CEO, Teri McKibbon, Bird's diversification and strategic focus on key market sectors have resulted in an economically resilient business. He sees good revenue growth visibility and further margin accretion this year and into 2026. NuVista Energy, a $2.9 billion oil and natural gas company, is return-focused owing to its top-quality asset base. The energy stock is a three-time TSX30 winner (2022-2024), the flagship program for Canada's top-performing stocks. If you invest today, the share price is $14.57 (+5.4% year-to-date). The average production of 89,516 barrels of oil equivalent per day (boe/d) in Q1 2025 was NuVista's highest ever in a quarter. In the same quarter, net earnings climbed 214% year-over-year to $112.2 million. Management said the high-quality asset base continues to deliver strong returns across commodity price cycles. Also, NuVista has consistently achieved new production milestones. For 2025, the plan is to repurchase $100 million of the company's common shares and allocate at least 75% of any incremental annual free adjusted funds flow above $100 million to share repurchases. Market analysts recommend a 'buy' to strong 'buy' ratings. Blackline Safety is the first connected safety company. The $677.4 million global connected safety technology firm takes pride in its hardware-enabled software-as-a-service (HeSaaS) business model. Its mission-critical hardware and software, including G7 safety wearables, ensure the safety of industrial workers and save lives. In Q1 2025, the financial results showed a vast improvement. For the three months ending March 31, 2025, total revenues rose 43.1% to $37.7 million compared to Q1 2024. Net loss thinned 80.5% year-over-year to $1.1 million. Management expects strong revenue growth, positive EBITDA and positive adjusted EBITDA in fiscal 2024 to carry over to fiscal 2025. Blackline's global footprint has expanded to over 75 countries. Its customer base includes large-cap companies in the consumer goods, energy, and industrial sectors. The HeSaaS business model provides a competitive moat. Volatility is a constant presence in the stock market. Fortunately, despite headwinds and disruptions such as tariffs, new investment opportunities emerge across various sectors. The post How to Allocate $5,000 Across Different Market Opportunities appeared first on The Motley Fool Canada. Before you buy stock in Bird Construction Inc., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Bird Construction Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
11-05-2025
- Business
- Yahoo
NuVista Energy First Quarter 2025 Earnings: Beats Expectations
Revenue: CA$340.0m (up 23% from 1Q 2024). Net income: CA$112.2m (up 213% from 1Q 2024). Profit margin: 33% (up from 13% in 1Q 2024). The increase in margin was primarily driven by higher revenue. EPS: CA$0.55 (up from CA$0.17 in 1Q 2024). We check all companies for important risks. See what we found for NuVista Energy in our free report. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Oil and Gas industry in Canada. Performance of the Canadian Oil and Gas industry. The company's shares are up 4.3% from a week ago. Following the latest earnings results, NuVista Energy may be undervalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
10-05-2025
- Business
- Yahoo
Report on Voting from the 2025 Annual Shareholders Meeting
CALGARY, Alberta, May 09, 2025 (GLOBE NEWSWIRE) -- (TSX - NVA) NuVista Energy Ltd. ("NuVista") announces that the following matters were approved at the annual meeting of the shareholders of NuVista held on May 9, 2025. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular dated March 24, 2025 (the "Circular"). 1. Fixing the Number of Directors By resolution passed via ballot, the number of directors to be elected at the meeting was fixed at eight (8) members. The results of the ballot were as follows: Votes For Percent Votes Against Percent 123,600,347 79.58% 31,709,078 20.42% 2. Election of Directors By resolution passed via ballot, the following eight nominees were appointed as directors of NuVista to serve until the next annual meeting of shareholders of NuVista, or until their successors are elected or appointed. The results of the ballot were as follows: Name of Nominee Votes For Percent Votes Withheld Percent Pentti O. Karkkainen 122,025,115 79.19% 32,072,619 20.81% Ronald J. Eckhardt 121,781,922 79.03% 32,315,812 20.97% K. L. (Kate) Holzhauser 118,719,905 77.04% 35,377,829 22.96% Michael J. Lawford 122,261,695 79.34% 31,836,039 20.66% Mary Ellen Lutey 122,511,574 79.50% 31,586,160 20.50% Deborah S. Stein 121,029,015 78.72% 32,719,167 21.28% Jonathan A. Wright 117,217,852 76.07% 36,879,882 23.93% Grant A. Zawalsky 112,407,921 72.95% 41,689,813 27.05% 3. Appointment of Auditors By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of NuVista to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows: Votes For Percent Votes Withheld Percent 149,871,999 96.50% 5,437,426 3.50% 4. Non-Binding Advisory Resolution on Executive Compensation By advisory resolution passed via ballot, NuVista's approach to executive compensation was approved. The results of the ballot were as follows: Votes For Percent Votes Against Percent 122,075,765 79.22% 32,021,969 20.78% INVESTOR INFORMATION NuVista is an independent Canadian oil and natural gas exploration, development and production corporation with its Common Shares trading on the Toronto Stock Exchange under the symbol 'NVA'. NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Our primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. FOR FURTHER INFORMATION CONTACT: Mike J. Lawford Ivan J. Condic President and CEO VP, Finance and CFO (403) 538-1936 (403) 538-1954 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
