NOVA/AECO C Canada Natural Gas Prices

Daily Change
-0.03
-1.20%
Month/Month Change
-0.35
-12.70%
Year/Year Change
0.70
41.20%
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Region Location
Cdnnova_17022017_ff2417a2-80dc-4cdc-8c7d-a75d65751e43

NOVA/AECO C Description

Includes deals that are conducted anywhere within TransCanada's Alberta System, otherwise known as NOVA. NOVA charges a non-mileage based postage stamp rate to move gas along its system, called the NOVA Inventory Transfer (NIT), so theoretically, there is little difference in price for gas delivered anywhere within the NOVA grid. The AECO Hub is a trademarked name used to describe Niska Gas Storage's two facilities (Suffield and Countess), but the pricing point AECO C is a virtual point that has come to mean all gas that is traded along NOVA under the provisions of the NOVA Inventory Transfer service. Reported in $C/GJ.
20170217_HENRY_HUB_CHART_WEB_IMAGE

Weekly NatGas Cash, Futures Both Fall 20 Cents; Trader Sees End-Of-March Spot Futures At $2.32

Both physical and financial natural gas prices suffered what seemed to be a never ending succession of weather outlooks calling for unusual winter warmth during the week that ended Feb. 17. All points followed by NGI fell into the loss column and the NGI Weekly National Spot Gas Average tumbled 20 cents to $2.75. Read More

Eastern NatGas Cash Weakness Leads Physical Market Lower; March Down 2 Cents

Physical natural gas buyers saw little reason to commit to four-day deals Friday as mild near-term weather, abundant storage, and low expected power loads conspired to limit demand. Read More
EIAStorage0216

NatGas Cash, Futures Race Lower as EIA Stats Seen to Be Bearish

Traders will typically try to get their physical deals done before the 10:30 a.m EST release of natural gas storage data by the Energy Information Administration, and for a moment Thursday it looked as if the next-day traders may have jumped the gun. Read More
EIAStorage0216

Natural Gas Futures Slide Following Thin Storage Withdrawal Stats

Natural gas futures retreated Thursday morning after the Energy Information Administration reported a storage withdrawal that was significantly less than what traders were expecting. Read More
Storage-Snapshot-Wide0215

NatGas Cash, Futures Steady Ahead of Storage Data; March Adds Couple Pennies

Most physical points moved only a little in Wednesday natural gas trading for next-day delivery as weather forecasts in the East showed falling temperatures and the Midwest was expected to see sharply rising temperatures. The NGI National Spot Gas Average added 4 cents to $2.83, and most of the day's price movement was confined to eastern points. Read More

Steady NatGas Cash a Beacon Versus Faltering Futures; March Skids 9 Cents

Physical natural gas for Tuesday delivery was relatively unfazed Monday as gains in the Northeast were largely dominated by pricing throughout the country a few pennies either side of unchanged. The NGI National Spot Gas Average rose 3 cents to $2.85. Read More

Double Weather Whammy Hits NatGas Cash, Futures Traders; March Drops 11 Cents

Whether you were a short-term natural gas trader Friday looking to buy or sell weekend and Monday physical packages, or you were a longer-term futures trader anticipating that $3 technical support would hold, the bears had a weather forecast just for you. Read More
EIAStorage0209

NatGas Cash, Futures Weather On-Target Storage Data; March Adds 2 Cents

For the most part, traders of physical gas for Friday delivery elected to get deals done before the release of the often volatility-inducing Energy Information Administration storage report. Read More
EIAStorage0209

EIA Storage Data Shaves Early Natural Gas Futures Gains

The March natural gas futures contract lost a portion of its opening strength Thursday morning after the Energy Information Administration reported a storage withdrawal that was about in line with what traders were expecting. Read More
Storage-Snapshot-Wide0208

Weather-Driven Eastern Gains Outdo Softer West; March NatGas Futures Inch Lower

Physical natural gas traded for Thursday delivery was a split ticket Wednesday, as sharp weather-driven increases at eastern points... Read More