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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 Apr 15, 2022 10:31am
98 Views
Post# 34606336

RE:Indian backdoor for Russian oil weakens calls for European b

RE:Indian backdoor for Russian oil weakens calls for European bThere are not a lot of product cargo ships globally and most of them are busy as a regular matter of business. Also product carriers tend to be smaller size (30-50 ktons) or 250,000 to 450,000 barrels. Their cost for long distance routes on these carriers are much higher. On top of all that port restrictions due to draft, air draft, width and many other factors are not always accomodating. It is rather hard for me to see how this could be a big factor in offsetting Russian direct crude to Europe decreases.
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