Scotiabank raised the firm’s price target on Nuvista Energy to C$16 from C$15 and keeps a Sector Perform rating on the shares. The firm expects NYMEX prices to rise in the second half of 2024, with a “strong” Q4 anticipated, the analyst tells investors. Scotiabank foresees a “rougher ride” for AECO prices, particularly during the summer, but also expects the startup of LNG Canada to create significant slack in the system in 2025 and 2026.
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Read More on NUVSF:
- Nuvista Energy price target raised to C$15 from C$14 at RBC Capital
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- NuVista Energy Launches Share Buyback Program
- Nuvista Energy announces TSX approval for renewal of NCIB
- NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid
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