Stifel analyst Michael Dunn resumed coverage of Journey Energy with a Buy rating and C$7 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.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly