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 (79016)	3/11/2021 7:52:20 AM
From: Goose94	Read Replies (2) of 202721

Yangarra Resources (YGR-T) CIBC World Markets says the recent OPEC+ meeting "provides significant and surprising tailwind to pricing and inventory projections." CIBC analysts raised their cash flow estimates for oil-weighted companies they cover in response to increases in their commodity price forecasts, leading to target price adjustments as well as rating changes. They expect OPEC+ to show continued "supply restraint over the coming months." The analysts say: "The supply restraint is directionally bullish for price, and should enable ample stock drawdowns over the near term. This is a 180-degree turn from the events which unfolded nearly a year ago that took crude prices into a tailspin unlike any other in history." Analyst David Popowich boosted his ranking for Yangarra Resources to "outperformer" from "neutral." He boosted his share target to $1.75 from $1.25. Analysts on average target the shares at $1.61. Mr. Popowich says, "The stock also trades at a substantial discount to peers on our higher price deck, which we believe is unjustified given the change in growth visibility."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next