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NuVista Energy Ltd. (TSX:NVA) reported the fourth quarter results for the period that ended December 31, 2011.

NuVista Energy Ltd. (TSX:NVA) reported the fourth quarter results for the period that ended December 31, 2011.

As quoted in the press release:

Significant highlights for the fourth quarter of 2011 and year to date 2010 include:

  • Achieved funds from operations of $48.5 million for the three months ended December 31, 2011 compared to $35.6 million for the same period in 2010 and $41.3 million for the three months ended September 30, 2011, an increase of 17%;
  • Exited 2011 with net debt of $307 million and a trailing 12 month debt to funds from operations of 1.9x, a significant improvement compared to $443 million and 2.6x at the end of 2010;

Click here to read the NuVista Energy Ltd. (TSX:NVA)  press release.

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