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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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

Post by llerrad5on Feb 13, 2023 11:47am
395 Views
Post# 35283137

Weather

WeatherThe most recent Hadick report I saw called for an early spring, around Feb 15 or so.
It will first appear that it is a great wheat growing year but this is to be followed by a severe summer drought.
Some heat domes across North America this summer.

La Ninia is slowly warmiing and will turn to a La Nada and that will last at least into teh fall.

The dramatic weather changes can largely be atributed to the huge under sea volcano last January 2022 that sent moisture into the stratosphere.
This traps moisture and heats the earths surface and it will take 3 to five years for it to disapate.


I see no reason to be Nat Gas bullish in the short term but we can expect large draws in the summer if we get heat domes.

 N gas reserves are above the 5 year average.

We can look to mild weather going forward.

yes, Freeport will start exporting but will it be enough??????
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