Mar. 31 at 3:01 PM
$GTE New highs are being made today.
Raymond James says:
▪︎ Target (USD):
$10.79 (Adjusted from
$5.86).
▪︎ Rating: Outperform (Upgraded from Market Perform).
Investment Thesis: The firm believes the current environment is "just right" for Canadian oil E&Ps, driven by oil prices staying above
$100/bbl, disciplined North American supply, and improved takeaway capacity in Canada.