Stifel analyst Michael Dunn resumed coverage of Gear Energy with a Hold rating and C$1.15 price target as he resumed 16 Canadian oil and gas producers. The "easy money" was made on oil & gas producer equities as oil prices swung from extreme lows to extreme highs before backing off in the second half of 2022, but he continues to see significant value in these equities even though cost inflation has recently returned, Dunn tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly