Nuvista Energy Ltd T.NVA

Rig count

[Oldnagger]

Pay attention to the year over year decrease in international rig counts. The media will be focussed on the American counts. But it will be the international counts that matter the most.
A sea change is coming!!

https://rigcount.bakerhughes.com/

[WCWiteration3]

a meaningless stat for those in the Montney.  We got the cheap gas and condy.. oil no matter fella. what rigs are working the oil fields in the mid east or offshore SA, no matter for many years

[Oldnagger]

I was referring to lack of new crude production offshore which affects the International price of Crude, which in turn affects the Condensate price in western Canada. There is more than just Opec and the US in the equation, and not everyone appreciates that fact as they are price takers when Supply is long, but they can be price makers when supply is short,

[Sugaree]

i was following your logic. Gonna be a supply crisis going forward as these green environmentalists are convincing stupid politicians for votes. I will happily pay big at the pump with all my profits from the NVA and POU!!

[Robertboblaw]

Hey OldN, are international rig counts posted by baker H or somewhere else? I pay close attention the north American rig counts every week but I've never really been able to find an international rig count on baker Hughes or June Warren etc. Thanks for your help. Also, I noticed the north American oil rig counts are way down over the last 5 or so years, like 50% down or so. The big question is

[Oldnagger]

This is the link I use  Rig Count Overview & Summary Count | Baker Hughes Rig Count As you undoubtedly know Rig counts give only a very rough guide to  near term crude producibility  nevertheless they are a good guide to where we are headed to longer term. Way too much emphasis has been put on week by week rig counts in the US and western Canada. The crude markets are

[Robertboblaw]

Thank you. That pricing outlook would be the same as mine as well. I'm looking for a supply crunch to start summer 2022 possibly. GLTA

[Oldnagger]

A short story from my past, I was the Canadian member of a small group of traders with 1 man offices around the world. The plan was that each trader would get to know his market very well then we would send out telexes at the end of the day so that we could piece out the full picture.  It didn't take too long to realize that all we were doing was to spread the BS that was emanating from

[Nugold]

lol I remember you talking about that. Sounds like a pretty sound concept you were trying. My investigative tactics were much more simple. Covid.....what do people need regardless of situation.....heat = NVA now thank God I live in GP rather than Florida or I would have bought a heap of sand! Lol