BMO Capital analyst Jeremy McCrea reinstated coverage of Nuvista Energy with an Outperform rating and C$17 price target. The firm cites the company having “permission to grow,”, stating given its top-quartile production rates, it is one of the few names that is not penalized for a no-dividend policy, the analyst tells investors in a research note. BMO added that with recent exploration success and with more inventory being added, there is a lot to like about Nuvista today.
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