NOVA/AECO C Canada Natural Gas Prices

Daily Change
-0.835
-57.20%
Month/Month Change
-1.480
-70.30%
Year/Year Change
-0.135
-17.80%
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Region Location
Cdnnova_18042019_789f772f-bc84-4d22-84b9-41cfd93ab164

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.
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Risky Business? Natural Gas Traders Send May Prices Below $2.50 Ahead of Holiday Weekend

In a move that could be considered risky given the long Easter holiday weekend, natural gas... Read More
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EIA Reports 92 Bcf Storage Build as May Natural Gas Futures Sit Near $2.50

The Energy Information Administration (EIA) reported a 92 Bcf injection into storage inventories for the... Read More

Small Demand Additions Can’t Stop Natural Gas Futures Slide; Cash Mixed

Strong bearish sentiment was too much for natural gas bulls to overcome Tuesday even as the latest weather data added some demand back into forecasts. However, after Monday’s 7-cent plunge, the Nymex May gas futures contract took somewhat of a breather and ultimately settled only 1.8 cents lower at $2.572/MMBtu. June slid 1.6 cents to $2.617. Read More
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Pipeline Maintenance in High Gear, But Weekly Prices Fail to Rally

A slew of pipeline maintenance and one of several blasts of cold air expected to move through parts of the country in the weeks ahead did little to spark any interest from natural gas traders this week. Most prices outside of the West finished the April 8-12 week in the black, although gains were limited to less than a dime at most market hubs. Permian Basin locations posted far more substantial increases that pushed prices back into positive territory, and the NGI Weekly National Avg. rose 8.5 cents to $2.35. Read More

Natural Gas Futures Pause Amid Stable Weather Models; Cash Slides

Natural gas futures resumed their sideways action in a quiet session Friday, with prices fluctuating within a tight band of less than a nickel throughout the day. The Nymex May gas futures contract eventually settled just 0.4 cents lower at $2.660/MMBtu, as did June, which slipped to $2.704. Read More
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Bullish Natural Gas Storage Data No Deterrent for Bears; Permian Cash Climbs Again

After a couple of days at a stalemate, natural gas bears took control over the futures market Thursday as they... Read More

Natural Gas Futures Trade in Tight Range as Market Mulls Shoulder Season Balances

Mixed forecast trends and ongoing concerns over loose shoulder season balances left natural gas futures stuck in neutral Tuesday. In the spot market, late-season wintry conditions inspired modest gains in the Rockies and Northeast, while West Texas returned to negative territory; the NGI Spot Gas National Avg. slid 1.5 cents to $2.37/MMBtu. Read More

Profit-taking Leads to Small Bump for Natural Gas Futures; Spot Gas Slips

Much like the rest of the week, there was little fundamental change Friday to move natural gas futures prices significantly in one direction or the other. The Nymex May gas futures contract climbed 2.1 cents to settle at $2.664, capping off a week in which prices budged less than a nickel each day. June also tacked on 2 cents to settle at $2.706. Read More
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Large Storage Build Sends Natural Gas Futures Lower; Permian Cash Bounces

After a temporary stall, natural gas futures moved decisively lower Thursday as the potential for more cold later this month didn’t appear... Read More
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Returning Cold Caps Losses for Natural Gas Futures as Permian Cash Sinks Further into Red

Although high pressure that started building across the country eased natural gas demand and prices on Tuesday, early signals for more cold weather later this month limited any significant declines. The Nymex May gas futures contract slipped 2.4 cents to settle at $2.684. June fell 2.7 cents to $2.722. Read More