NOVA/AECO C Canada Natural Gas Prices

Published: Oct 22, 2018
Weekly Change
-1.305
-70.90%
Month/Month Change
-0.745
-58.2
Year/Year Change
0.035
7.00%
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Region Location
Cdnnova_22102018_743b5822-7a7f-4d4e-8c02-91a42dbeab68

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.

Sharp Swings Continue for Natural Gas Futures as Weather Models Shift; Spot Gas Rises

Even with warmer risks in the latest weather models, cold shots that could continue well into November led to a more than 10-cent swing in prompt-month natural gas prices on Tuesday. The Nymex November gas futures contract eventually settled at $3.212, up 7.4 cents on the day. December was up 6.9 cents to $3.283, and the winter strip (November-March) climbed 5.5 cents to $3.228. Read More

Long-Range Warming, Record Production Send Nymex Natural Gas Futures Plunging

Despite significant cold in medium-range weather outlooks, natural gas futures prices plummeted Monday as milder risks showed up in longer-range forecasts and production reportedly set fresh highs during the weekend. The Nymex November futures contract fell 11.2 cents to $3.138, while December dropped 9.5 cents to $3.214 and the winter strip (November-March) plunged 9.5 cents to $3.173. Read More

November Natural Gas Treads Water as Traders Seek Confirmation of Milder Temps

Natural gas winter prices moved in and out of positive territory Tuesday as weather models provided more clarity about breaks between pre-winter cold snaps that are on tap for the rest of the month. The Nymex November futures contract eventually settled at $3.239, down three-tenths of a cent on the day. Most of the remaining winter contracts also settled less than a penny lower, except January, which fell 1.5 cents to $3.374. Read More

What Rally? Gains Erased as November NatGas Slips Another 6 Cents; Rockies Spot Gas Up

What is usually a quiet day of trading was anything but on Friday as November natural gas prices swung in a nearly 15-cent range before settling 6.1 cents lower at $3.161. Despite bullish weather forecasts that remained intact, lower demand because of former Hurricane Michael and recovering production following the storm helped market bears regain the upper hand after an early-morning rally. Read More

Strong Cash, Spiking Demand Send November NatGas Soaring Despite Record Production

Lower 48 gas production returned to record highs, but continued strength in the cash market and substantial increases in heating demand projected for mid-October lifted the Nymex November natural gas futures contract up a whopping 12.4 cents Monday to settle at $3.267. Read More
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Volatile Week for Natural Gas Leaves Most Markets in the Black

Persistent warmth, natural gas pipeline maintenance events and an unusually high level of nuclear generation outages lifted gas prices across most of the country from Oct. 1-5, with some pricing locations posting gains of more than $1 on some days. Milder weather that moved in later in the week, however, trimmed overall gains. The NGI Weekly National Avg. rose 14 cents to $2.80.

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NatGas Traders Take Breather as November Slips 2 Cents Despite Bearish Weather on Tap; Spot Gas Plunges

With weather forecasts showing a mid-October cold snap quickly fading, natural gas futures continued to fall from recent highs Friday as the milder outlook, combined with the latest storage data, appeared to calm market fears about potential supply issues this winter. The Nymex November gas futures contract slipped 2.2 cents to settle at $3.143. Spot gas prices also moved lower with milder weather in much of the country, save for the southern United States and up the Mid-Atlantic coast. The NGI National Avg. plunged 23.5 cents to $2.68. Read More
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Bullish Momentum Builds Ahead of Storage Report as November Natural Gas Rallies a Third Day

The ball remained firmly in natural gas market bulls’ court Wednesday as November prices easily breached low-end technical resistance, shooting up as high as $3.26 before taking a few steps back before the close. Read More

Early Cold Snap Spooking Natural Gas Market Dealing with Anemic Storage Weeks Before Winter

Clearer signs of a cold front in mid-October were enough to send natural gas futures rallying for a second day as traders grappled with the very real possibility that storage inventories could sit as low as 3.25 Bcf at the start of the premium winter season. The Nymex November gas futures contract rocketed 7.2 cents higher to $3.166 even as gas production continued to set records. Read More