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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Indicatoron Mar 25, 2021 2:55pm
104 Views
Post# 32876951

Suez Canal vs EU Covid lockdowns

Suez Canal vs EU Covid lockdownsSo far EU lockdowns appear to be negatively impacting oil prices more than Suez Canal blockage.  This could change pretty quickly if, as a salvage company working to refloat one of the world's largest container ships in the Suez canal says . . .

"“We can’t exclude it might take weeks, depending on the situation,” said Peter Berdowski, CEO of Dutch company Boskalis. Berdowski, whose company is helping in the salvage efforts, made the comments on Dutch television, according to Reuters.

It could take weeks to move !

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