Roth Capital initiated coverage of PrairieSky Royalty (PREKF) with a Buy rating and C$38 price target The company offers a “differentiated way” to gain exposure to oil-weighted growth in the Western Canadian Sedimentary Basin through a capital-light royalty model, the analyst tells investors in a research note. Roth likes PrairieSky’s exposure to heavy oil growth and accelerating Duvernay activity.
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