Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the development, delineation and production of condensate, natural gas liquids (NGLs), and natural gas reserves in the Western Canadian Sedimentary Basin. Its focus is on the scalable and repeatable condensate rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin (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. The Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200 m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500 m. It has non-core operations in three additional areas of Alberta (non-core properties outside the greater Wapiti Montney area).

TSX:NVA - Post by User

Nuvista Energy Ltd

Bullboard Posts

Comment by efficientmyasson Jul 17, 2020 11:45am

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Post# 31281478

RE:RE:RE:RE:RE:Still climbing

efficientmyass wrote:

efficientmyass wrote:

nowayjose wrote: The build was right on the money ...............................................

efficientmyass wrote: it's supposed to be climbing at this time of year and won't start drawing until November. the build was smaller than expected though.

45bcf build vs expectations of 47.

since the beginning of June, actual build has been 566bcf vs expectations of 606bcf.

Natural gas demand in the US (power burn + residential + industrial) year to date is higher than the last 4 years as are exports to mexico. the LNG export market has taken it in the rear end, but that is a short term issue. once those inventories burn off and the surge in previously shut in domestic production turns down, we will be into the winter and drawing done inventory at a ferocious clip. At that point the lack of drilling and completions activity will be biting hard at both crude and gas inventories.