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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

Post by Carjackon Jul 06, 2022 7:59pm
94 Views
Post# 34806904

Surging energy prices harmful to families, should drive gree

Surging energy prices harmful to families, should drive gree

Liberals concerned with inflation harms: Freeland

OTTAWA - Deputy Prime Minister Chrystia Freeland says the government is absolutely concerned with the struggles Canadians are facing as a result of inflation, but insists the current energy crisis is another reason to focus on the green transition.

After Freeland made a similar comment Tuesday several critics accused her of not caring about the suffering of Canadians.

Conservative Leader Candice Bergen says it is clear the Liberals like higher gas prices and "have no respect" for how hard the price surge has been on Canadian families.

Freeland says that is categorically untrue, pointing to the government's response to inflation including planned increases to a number of federal benefit programs.

She says the government is very aware that food, gas and housing are more expensive than ever, but blames that almost entirely on Russia's invasion in Ukraine and supply chain crunches made worse by China's "zero-COVID policy."

But she also says transitioning away from fossil fuels is an "insurance policy" against higher energy prices because Canada won't be reliant on energy price fluctuations driven by global events.

This report by The Canadian Press was first published July 6, 2022.

OTTAWA - Deputy Prime Minister Chrystia Freeland says the government is absolutely concerned with the struggles Canadians are facing as a result of inflation, but insists the current energy crisis is another reason to focus on the green transition.

After Freeland made a similar comment Tuesday several critics accused her of not caring about the suffering of Canadians.

Conservative Leader Candice Bergen says it is clear the Liberals like higher gas prices and "have no respect" for how hard the price surge has been on Canadian families.

Freeland says that is categorically untrue, pointing to the government's response to inflation including planned increases to a number of federal benefit programs.

She says the government is very aware that food, gas and housing are more expensive than ever, but blames that almost entirely on Russia's invasion in Ukraine and supply chain crunches made worse by China's "zero-COVID policy."

But she also says transitioning away from fossil fuels is an "insurance policy" against higher energy prices because Canada won't be reliant on energy price fluctuations driven by global events.

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