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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 Mar 14, 2022 8:34pm
99 Views
Post# 34513621

RE:Opec spare capacity

RE:Opec spare capacityThere is much less spare capacity than people think. Nat gas is at capacity globally and as a result ammonia production is being throttled back . This will lead to food shortages which will mean that corn production will need to be diverted from ethanol production. Also coal production is tight as a drum. On top of all this ,the population clock continues to tick and fewer deaths from covid are making it tick faster .From here on any minor disruption in any energy supply will be felt very quickly.
I would expect any decrease in energy prices to be very temporary at best !!
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