NOVA/AECO C Canada Natural Gas Prices

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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.

Natural Gas Futures Slide Despite Bullish Storage Miss; Spot Prices Fall

A bullish surprise from weekly government storage data Thursday couldn’t stop natural gas futures from slipping on a moderating weather outlook... Read More

Big Bullish EIA Storage Miss Helps Natural Gas Futures Bounce Back Following Sell-Off

The Energy Information Administration (EIA) on Thursday reported a net withdrawal from natural gas inventories... Read More

Natural Gas Futures Near Even as Another April Withdrawal Expected; Spot Prices Mixed

Natural gas futures briefly contemplated a move higher Wednesday... Read More

Natural Gas Futures Pull Back as April Cold Seen Easing; Spot Prices Mixed

Natural gas futures bulls ran out of steam Tuesday after a string of consecutive daily gains as forecasters were calling for supportive April cold to moderate by next week. Spot prices were mixed, with a few Midwest points strengthening on calls for spring snow as much of the Northeast eased off Monday’s weather-related gains; the NGI National Spot Gas Average dropped 9 cents to $2.92.

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May Natural Gas Continues Run Higher, But Upside Limited; Cash Surges on Spring Cold

Natural gas futures gained for the fourth straight session Monday as April cold and the prospect of an extended withdrawal season remained supportive. Read More

Shoulder Season Weather Sends Weekly Spot Prices Lower; Futures Rally on Storage

Some pleasantly mild temperatures across the Midwest and East Coast resulted in some unpleasant spot price action for natural gas bulls for much of the week ended Friday, though futures mounted a late-week rally thanks to a bullish storage surprise; the NGI Weekly Spot Gas Average fell 16 cents to $2.61/MMBtu. Read More

Natural Gas Futures Rally on Bullish Storage Miss; Spot Prices Surge on April Chills

Natural gas futures closed out the week on a bullish note Friday, with the front month adding close to a nickel on the heels of a larger-than-expected April storage withdrawal. Spot prices surged across the northern United States as forecasters were calling for colder temperatures and even some snow over the weekend; the NGI National Spot Gas Average climbed 17 cents to $2.59/MMBtu. Read More

Natural Gas Futures Range-Bound After Bullish Storage Surprise; Spot Prices Mixed

Natural gas futures inched higher Thursday after government storage data turned up a bullish miss, though trading... Read More

Bullish Miss in EIA Storage Gives Brief Bump to Natural Gas Futures; Balance Still Seen Loose

The Energy Information Administration (EIA) on Thursday reported a natural gas storage withdrawal that was... Read More

Natural Gas Futures Climb as April Weather Still Seen Supportive; Mid-Atlantic Cash Rises

Forecasts for yet more April cold helped natural gas futures tick higher Friday as surging production was seen limiting upside heading into the shoulder season. In the spot market, prices in the Mid-Atlantic rose ahead of a cold front expected to sweep through over the weekend as points in the West retreated; the NGI National Spot Gas Average slipped 4 cents to $2.88/MMBtu.

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