Canada Research Roundup: Canadian Natural Resources, Enerflex

Journey Energy

23/09/2015 12:15

Sept 23 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including Bankers Petroleum and Trican Well Service, on Wednesday.  
     
    HIGHLIGHTS     
    * Bankers Petroleum Ltd  BNK.TO : CIBC cuts to sector performer from sector outperformer 
    * Trican Well Service Ltd  TCW.TO : CIBC cuts to sector underperformer from sector performer 
    * Enerflex Ltd  EFX.TO : CIBC raises to sector outperformer from sector performer 
    * First Quantum Minerals Ltd  FM.TO : HSBC cuts target to C$7.4 from C$16.9; rating hold   
         
Following is a summary of research actions on Canadian companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.   
      
    * Advantage Oil & Gas Ltd  AAV.TO : CIBC cuts target price to C$10 from C$10.50 
    * Arc Resources Ltd  ARX.TO : CIBC cuts target price to C$26 from C$28.50 
    * Bankers Petroleum Ltd  BNK.TO : CIBC cuts to sector performer from sector outperformer  
    * Bankers Petroleum Ltd  BNK.TO : CIBC cuts target price to C$3 from C$4.50 
    * Baytex Energy Corp  BTE.TO : CIBC cuts to sector performer from sector outperformer  
    * Baytex Energy Corp  BTE.TO : CIBC cuts target price to C$9 from C$13 
    * Bellatrix Exploration Ltd  BXE.TO : CIBC cuts target price to C$2.50 from C$3.25   
    * Birchcliff Energy Ltd  BIR.TO : CIBC cuts target price to C$7.75 from C$9.25   
    * Black Diamond Group Ltd  BDI.TO : CIBC cuts target price to C$10 from C$11.50   
    * Bonavista Energy Corp  BNP.TO : CIBC cuts target price to C$5.75 from C$9  
    * Bonterra  BNE.TO : CIBC cuts target price to C$29 from C$38  
    * Calfrac Well Services Ltd  CFW.TO : CIBC cuts target price to C$6 from C$8 
    * Canadian Natural Resources Ltd  CNQ.TO : CIBC cuts target price to C$36 from C$43.50 
    * Cequence Energy Ltd  CQE.TO : CIBC cuts target price to C$0.50 from C$0.95 
    * Crescent Point Energy Corp  CPG.TO : CIBC cuts target price to C$25 from C$33 
    * Crew Energy Inc  CR.TO : CIBC cuts target price to C$5.50 from C$6 
    * Encana  ECA.N : CIBC raises target price to $9 from $8.50  
    * Enerflex Ltd  EFX.TO : CIBC raises to sector outperformer from sector performer  
    * Enerflex Ltd  EFX.TO : CIBC raises target price to C$16.50 from C$17 
    * Enerplus Corp  ERF.TO : CIBC cuts target price to C$9.50 from C$13 
    * Ensign Energy Services Inc  ESI.TO : CIBC cuts target price to C$11 from C$12.50 
    * First Quantum Minerals Ltd  FM.TO : HSBC cuts target to C$7.4 from C$16.9; rating hold  
    * Granite Oil Corp  GXO.TO : CIBC raises target price to C$8 from C$7.25 
    * Husky Energy Inc  HSE.TO : CIBC cuts target price to C$26 from C$27 
    * Imperial Oil Ltd  IMO.TO : CIBC cuts target price to C$55 from C$60 
    * Journey Energy Inc  JOY.TO : CIBC cuts target price to C$3 from C$4.50 
    * Kaz Minerals Plc  KAZ.L : HSBC cuts target price to 220p from 350p; rating buy 
    * Kelt Exploration Ltd  KEL.TO : CIBC cuts target price to C$7 from C$9.50  
    * Lightstream  LTS.TO : CIBC cuts target price to C$0.50 from C$1 
    * Long Run Exploration Ltd  LRE.TO : CIBC cuts target price to C$0.65 from C$1 
    * Mullen Group Ltd  MTL.TO : CIBC cuts target price to C$18 from C$19 
    * Northern Blizzard  NBZ.TO : CIBC cuts target price to C$9 from C$11 
    * Nuvista Energy Ltd  NVA.TO : CIBC cuts target price to C$8 from C$10.25 
    * Painted Pony Petroleum Ltd  PPY.TO : CIBC cuts target price to C$8 from C$9.50 
    * Paramount Resources Ltd  POU.TO : CIBC cuts target price to C$20 from C$29 
    * Pason Systems Inc  PSI.TO : CIBC cuts target price to C$18 from C$20 
    * Pengrowth Energy Corp  PGF.TO : CIBC cuts target price to C$2.50 from C$3 
    * Penn West Petroleum Ltd  PWT.TO : CIBC cuts target price to C$1 from C$1.50 
    * Perpetual Energy Inc  PMT.TO : CIBC cuts target price to C$0.35 from C$0.75 
    * Peyto Exploration & Development Corp  PEY.TO : CIBC cuts target price to C$38 from C$39 
    * Prairiesky Royalty Ltd  PSK.TO : CIBC cuts target price to C$34 from C$37 
    * Precision Drilling Corp  PD.TO : CIBC cuts target price to C$8.50 from C$11  
    * Raging River Exploration Inc  RRX.TO : CIBC cuts target price to C$9 from C$12 
    * RMP Energy Inc  RMP.TO : CIBC cuts target price to C$2 from C$3.50 
    * Savanna Energy Services Corp  SVY.TO : CIBC cuts target price to C$2.25 from C$2.50 
    * Secure Energy Services Inc  SES.TO : CIBC cuts target price to C$14 from C$16 
    * Seven Generations Energy Ltd  VII.TO : CIBC cuts target price to C$18.50 from C$24 
    * Spartan Energy Corp  SPE.TO : CIBC cuts target price to C$3.50 from C$4.25 
    * Spyglass Resources Corp  SGL.TO : CIBC cuts target price to C$0.10 from C$0.18 
    * Surge Energy Inc  SGY.TO : CIBC cuts target price to C$3.50 from C$4.50 
    * Tamarack Valley Energy Ltd  TVE.TO : CIBC cuts target price to C$4.50 from C$5.50 
    * Torc Oil & Gas Ltd  TOG.TO : CIBC cuts target price to C$7.25 from C$11.50 
    * Total Energy Services Inc  TOT.TO : CIBC cuts target price to C$19 from C$19.25 
    * Tourmaline Oil Corp  TOU.TO : CIBC cuts target price to C$45 from C$46 
    * Trican Well Service Ltd  TCW.TO : CIBC cuts target price to C$1.50 from C$3.50  
    * Trican Well Service Ltd  TCW.TO : CIBC cuts to sector underperformer from sector performer 
    * Trilogy Energy Corp  TET.TO : CIBC cuts to sector performer; target to C$5.75 from C$10 
    * Trinidad Drilling Ltd  TDG.TO : CIBC cuts target price to C$4.50 from C$5.50 
    * Twin Butte Energy Ltd  TBE.TO : CIBC cuts target price to C$0.55 from C$0.80 
    * Vermilion Energy Inc  VET.TO : CIBC cuts target price to C$61 from C$67 
    * Western Energy Services Corp  WRG.TO : CIBC cuts target price to C$7 from C$8.50 
    * Whitecap Resources Inc  WCP.TO : CIBC cuts target price to C$17 from C$18 
    
 
 (Compiled by Jai Ganesh in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH CANADA/