RE:RE:RE:Recession or supply issue. here is some RBC hapy thoughts
as posted by retiredcf at CVE board
link is here https://stockhouse.com/companies/bullboard?symbol=cve&postid=35170235
RBC Dominion Securities analyst Greg Pardy made a series of target price adjustments to large-cap energy stocks in his coverage universe on Wednesday.
His changes were:
- Canadian Natural Resources Ltd. (CNQ-T, “outperform”) to $89 from $88. Average: $92.95.
- Cenovus Energy Inc. (CVE-T, “outperform”) to $33 from $32. Average: $33.50.
- Enerplus Corp. (ERF-N/ERF-T, “outperform”) to US$21 from US$20. Average: US$21.
- Imperial Oil Ltd. (IMO-T, “outperform”) to $82 from $81. Average: $79.56.
- Ovintiv Inc. (OVV-N/OVV-T) to US$60 from US$58. Average: US$68.64.
- Suncor Energy Inc. (SU-T, “outperform”) to $55 from $54. Average: $54.10.
- Vermilion Energy Inc. (VET-T, “sector perform”) to $32 from $31. Average: $39.43
TitanBrawler wrote: Great post. Ty.
Lots to think about
Q.
What would Suncor be at in terms of fair value..
Given that Some analysts are predicting that oil will be in the $100 range.
Any thoughts?