BMOThat's all I have from BMO, but interesting.
BMO Capital Markets on Thursday reiterated its outperform rating on the shares of Crew Energy (CR.TO) and its C$8.00 price target after the Western Canadian oil and gas producer reported third-quarter results.
"Crew posted Q3/23 numbers that were closely aligned with expectations, and the company has moved capital forward into Q4 to optimizing drilling efficiencies. Although Crew has recently received the final permit to construct its 180mmcf/d Groundbirch gas plant, we expect capex for this major growth project to continue to be deferred until natural gas pricing improves. With meaningful indirect exposure to the start-up of LNG Canada, we maintain our Outperform rating and $8.00 target price," analyst Mike Murphy wrote.