Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

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.

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Nuvista Energy Ltd > Condensate

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Comment by MyHoneyPoton Nov 09, 2023 7:04pm

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Post# 35727262

RE:Condensate

Your 100% right, and with WCS differential narrowing, the requirement for condensate will increase and it will create big demand.

The Transmountain represent 590,000 boe/day of increased transportation capacity. There should be a demand for heavy and not at WTI prices, they will get Brent based Pricing on the west coast.

in 2023 we should see a increase in condensate prices, which may create more interest in Condensate production and premiums.

IMHO

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