What is the AECO?
An extension of the AEC acronym which includes professionals and enterprises related to the operations and maintenance of buildings and infrastructures.
What is a basis differential?
Basis differential is the difference between the spot price of a commodity to be hedged and the futures price of the contract used. For example, the difference between the Henry Hub natural gas spot price and the corresponding futures price for a natural gas contract in a specified location is the basis differential.
What is AECO gas price?
Selected Oil And Gas Prices
| Close Last Trade Day | ||
|---|---|---|
| AECO/NGX Spot Price – Settlement | $3.70 | CAD/GJ |
| AECO/NGX Spot Price – Same Day Volume | 919.7 | TJ |
| AECO/NGX Near-Month: January, 2022 | $4.19 | CAD/GJ |
| Daily Average US Exchange Rate | $1.28 |
What is natural gas basis?
“Basis” is a financial term and is associated with the physical transportation of a commodity from a trading hub to another point. With natural gas, basis is the contractual cost of delivering your natural gas to your local utility company from the NYMEX natural gas trading point at Henry Hub, LA.
Where is AECO?
The Suffield Facility is located in southeastern Alberta near Medicine Hat and close to the Nova system’s ‘eastern gate’, where gas is delivered into TransCanada’s Canadian Mainline and the Foothills/Northern Border Pipeline systems. This is the largest delivery point for Alberta natural gas.
What does AECO stand for BIM?
Background. Today, the architectural, engineering, construction, and operation (AECO) industry is motivated to employ graduates educated about Building Information Modeling (BIM) tools, techniques, and processes, which help them to better integrate visualizations and data into their projects.
What is differential factors?
n. 5 a factor that differentiates between two comparable things. 6 (Maths) a an increment in a given function, expressed as the product of the derivative of that function and the corresponding increment in the independent variable.
What is a stock diff?
The premium or discount of the physical product, the differential, represents the value the market attaches to the product, plus or minus, depending on price/quality. If the assessed merchandise is determined to be of better quality and rates above the basis grade, it could command a premium rate.
Where is AECO hub?
Alberta
The Suffield Facility is located in southeastern Alberta near Medicine Hat and close to the Nova system’s ‘eastern gate’, where gas is delivered into TransCanada’s Canadian Mainline and the Foothills/Northern Border Pipeline systems. This is the largest delivery point for Alberta natural gas.
What does AECO stand for Alberta?
AECO. Alberta Energy Company (Canada)
What is basis in natural gas pricing?
What is Basis? Basis is the price differential between the NYMEX (the general benchmark) and the local cost of gas (the specific location). It is often mistaken with transport, but transport is only one of multiple factors that can play into basis pricing.
What is basis price natural gas?
In simpler terms, natural gas Basis is the difference in price for a particular region of the country as compared to the benchmark for the U.S., which is the Henry Hub located in Erath, Louisiana.