Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.
After having recently surprised analysts with an unexpected boost to reserves, NuVista Energy Ltd. announced a deal to acquire additional land in the Wapiti Montney area of Alberta.
“We already liked the NuVista strategy and footprint, but they seem to be sending a more aggressive subtext if we read between the lines,” Raymond James analyst Kurt Molnar said. “Nuvista was already arguably land rich, but ‘artificially’ infrastructure/production/cash flow constrained.”