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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

Comment by Oldnaggeron Jan 14, 2024 7:41pm
67 Views
Post# 35826264

RE:RE:Alberta N Gas Prices

RE:RE:Alberta N Gas Prices
llerrad5 wrote: I don't see a freeze at the TX LNG terminals with this freeze but I do think there will be a freeze there in Feb.

What will that do to NG prices??
Shipping is restricted to Europe.

Is that more for the USA???

It can't help Europe and that could drive prices higher.




LNG is produced at minus 161.5 degrees celsius.So feedgas is kept extremely dry. Nat gas supplies really only freeze if there is moisture as is the case at well bores etc.
The dynamics of the off shore LNG trade are very complex , but sentiment is that LNG will remain a favoured product over the next decade even though North American production capabilities are scheduled to double from 14 BCF per day to 28 BCF per day over that time frame

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