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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (56522)	3/21/2019 7:28:54 AM
From: Goose94	Read Replies (2) of 203577

Gibson Energy (GEI-T) Canaccord analyst John Bereznicki says sentiment is improving among Canadian oil field services companies, however "uncertainty remains." Mr. Bereznicki said in a research note released on Wednesday: "As expected, Q4/18 domestic oil field results reflected a freefall in global oil prices and a dramatic widening of domestic oil price differentials. Generally speaking those most tied to domestic drilling and completion activity experienced the brunt of this turmoil in Q4/18, while those with relatively greater exposure to international markets (or production related activity) enjoyed relatively more resilient fourth quarter fundamentals. While the commodity backdrop has improved materially in 2019, many domestic operators remain reluctant to spend through the first quarter. ... In our view, one could paint a scenario in which investor sentiment either improves or deteriorates materially over the coming months, with a wide range of outcomes in between." Mr. Bereznicki reiterated his "buy" rating for Gibson Energy, while boosting his share target to $26 from $23. Analysts on average target the shares at $24.54.

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