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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 Oct 10, 2024 8:28pm
85 Views
Post# 36261986

US forecaster sees 60% chance of La Niña weather in Septembe

US forecaster sees 60% chance of La Niña weather in Septembe

There is a 60% chance of La Nia weather conditions emerging in September-November and they are expected to persist through January-March 2025, a U.S. government forecaster said on Thursday.

WHY IT'S IMPORTANT

La Nia, a climatic phenomenon characterized by cooler-than-average ocean temperatures in the central and eastern equatorial Pacific, is associated with both floods and droughts affecting global agriculture, and higher Caribbean hurricane activity.

In Florida, a state already battered by Hurricane Helene two weeks ago, as many as two million people were ordered to evacuate ahead of Hurricane Milton's arrival. Both storms are expected to have caused billions of dollars in damage.

CONTEXT

The cycle between El Nio, La Nia, and a neutral phase typically lasts two to seven years.

Earlier this week, Japan's weather bureau said that there were no signs of El Nio or La Nia phenomena at this moment, but characteristics of La Nia were approaching.

La Nia usually brings less rain and worsening drought conditions which also has the potential to affect agriculture globally.

KEY QUOTES

"It still looks like a weak La Nia will form over the coming months and should be short lived... that being said other factors continue

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