Raymond James initiated coverage of Nuvista Energy (NUVSF) with an Outperform rating and C$18 price target as the firm started coverage of eight natural gas-weighted producers operating in Western Canada. The firm continues to see “significant latent value across the space,” though it sees Canada remaining at a structural disadvantage given dislocation from global markets. The firm thinks “consolidation is logical, and likely necessary in several case,” the analyst added.
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Read More on NUVSF:
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