Desjardins Initiates 11 E&Ps; Sees Winners in Downcycles
2015-05-04 21:44:52.305 GMT
By Divya Balji
(Bloomberg) -- Caution warranted in current commodity price
environment though still sees opportunities, “winners can be
made in downcycle,” Desjardins analyst Jamie Kubik said in
note.
* Montney offers “some muscle” in tough environment
* Initiated buy: AAV CN (PT C$9.50), IKM CN (PT C$1.75), KEL
CN (PT C$11), PPY CN (PT C$11), PNE CN (PT C$1.75), SRX CN
(PT C$6.50), SKX CN (PT C$3.50)
* Initiated hold: GXE CN (PT C$2.75), LXE CN (PT C$1.30),
RMP CN (PT C$4.25), TVE CN (PT C$5.25)
* Initiated hold: GXE CN (PT C$2.75), LXE CN (PT C$1.30),
RMP CN (PT C$4.25), TVE CN (PT C$5.25)</li></ul>
* NOTE: Earlier, Canaccord Genuity Starts Coverage of 10
Canadian E&Ps
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To contact the reporter on this story:
Divya Balji in Toronto at +1-416-203-5714 or
dbalji1@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2015-05-04 21:44:52.305 GMT
By Divya Balji
(Bloomberg) -- Caution warranted in current commodity price
environment though still sees opportunities, “winners can be
made in downcycle,” Desjardins analyst Jamie Kubik said in
note.
* Montney offers “some muscle” in tough environment
* Initiated buy: AAV CN (PT C$9.50), IKM CN (PT C$1.75), KEL
CN (PT C$11), PPY CN (PT C$11), PNE CN (PT C$1.75), SRX CN
(PT C$6.50), SKX CN (PT C$3.50)
* Initiated hold: GXE CN (PT C$2.75), LXE CN (PT C$1.30),
RMP CN (PT C$4.25), TVE CN (PT C$5.25)
* Initiated hold: GXE CN (PT C$2.75), LXE CN (PT C$1.30),
RMP CN (PT C$4.25), TVE CN (PT C$5.25)</li></ul>
* NOTE: Earlier, Canaccord Genuity Starts Coverage of 10
Canadian E&Ps
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Divya Balji in Toronto at +1-416-203-5714 or
dbalji1@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net