Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (36413)	11/2/2017 8:56:36 AM
From: Goose94	Read Replies (2) of 202076

NuVista Energy (NVA-T) "scary good" third-quarter financial results led Raymond James analyst Kurt Molnar to raise his rating for the company's stock to "strong buy" from "outperform." Tuesday after market close, the Calgary-based exploration and production company reported quarterly production of 29,405 barrels of oil equivalent per day, "handily" exceeding Mr. Molnar's projection of 27,000 boed. Cash flow of $41.5-million also easily topped the analyst's expectation ($25.6- million), which he says came "on the back of virtually every income statement line item beating our estimates on top of the production beat." BMO Nesbitt Burns analyst Joe Levesque increased his share target by a Loonie to $9, keeping a "market perform" rating. Mr. Levesque says in a note: "We believe the shares are reasonably valued given the company's high-cost structure and significant processing obligations, which offsets production growth and improving well results. The company's strong hedged position offers some downside protection should commodity prices deteriorate further."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next