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Bullboard - Stock Discussion Forum 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... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Nat Gas for coming mos.
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Post by llerrad5 on Sep 05, 2023 2:53pm

Nat Gas for coming mos.

The hot finish to the US summer we forecasted earlier in the month has verified leading to a surge in natural gas demand along with endless new natural gas fired power plant additions (10 new plants in 2023 alone) and ongoing surge in LNG export capacity means that current production rates are starting to fall behind and have no hope of keeping up with prices this unattractive to long term investment in the sector.

Many sell hedges that were made last year when prices were high will start to run off with many key producers which will end the period of profitability and move back into future capital allocation restraint.

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