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 > Oil bounce

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Comment by Oldnaggeron Mar 25, 2021 11:43pm

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Post# 32884169

RE:RE:RE:RE:RE:Oil bounce

I would guess that would be equivalent to 10 million barrels of crude and products .
One effect of the blockage is that freight rates are skyrocketing . Not sure how that will affect the market, but it should tend to increase exports of both crude and product from the USGC. perhaps some west coast oil could even find its way over to Asia
This blockage will become increasingly important as it persists !!

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