NuVista Energy Ltd. (NVA.TO) announced the achievement of a significant milestone in the transformation of its business model with the disposition of three property packages for gross proceeds of approximately $236 million. These dispositions will significantly improve NuVista's financial flexibility and are a key component of NuVista's strategic plan to create sustainable organic growth and shareholder value through the accelerated development and continued delineation of the condensate-rich Alberta Montney in our Wapiti area.

The dispositions include a large portion of NuVista's W5 natural gas assets plus selected W4 heavy oil ...