Gear Energy resumed with a Hold at Stifel

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.