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BRIEF-Nuvista Energy Reports Qtrly Loss Per Share $0.36

Published 2020-08-04, 10:23 p/m
© Reuters.
NVA
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Aug 4 (Reuters) - Nuvista Energy Ltd NVA.TO :

* CHOSEN TO LIMIT OVERALL PRODUCTION TO APPROXIMATELY 50,000 BOE/D FOR PRESENT PERIOD

* NUVISTA ENERGY - EXPECT TO GENERATE SIGNIFICANT FREE ADJUSTED FUNDS FLOW IN RANGE OF $55 - $60 MILLION TOWARDS DEBT REDUCTION FOR REMAINDER OF 2020

* QTRLY LOSS PER SHARE $0.36

* QTRLY ADJUSTED FUNDS FLOW PER SHARE $0.07

* NUVISTA ENERGY - ADJUSTED FUNDS FLOW AT CURRENT STRIP PRICES IS EXPECTED IN THE RANGE OF $75 - $80 MILLION FOR THE SECOND HALF OF 2020

* NUVISTA ENERGY - CAPITAL SPENDING GUIDANCE FOR 2020 IS UNCHANGED FROM THE FIRST QUARTER

* NUVISTA ENERGY - CO INTENDS TO CURTAIL PRODUCTION TO APPROXIMATELY 48,000 TO 50,000 BOE/D FOR THE THIRD AND FOURTH QUARTERS OF 2020

* NUVISTA ENERGY - CO ANTICIPATE PROVIDING GUIDANCE ON 2021 PLANS THIS FALL

* QTRLY PETROLEUM AND NATURAL GAS REVENUES $67.4 MILLION VERSUS $143.9 MILLION

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