Rockpoint Gas initiated with an Overweight at JPMorgan

JPMorgan analyst Jeremy Tonet initiated coverage of Rockpoint Gas (RGSI.TO) with an Overweight rating and C$31 price target The firm says the company offers “attractive leverage” to natural gas storage tailwinds. Rockpoint’s “positioning at the intersection of major pipeline networks and demand centers” enables it to provide “mission-critical balancing and reliability” to utilities, power generators, liquified natural gas exporters, and producers, the analyst tells investors in a research note.