Stifel resumes coverage on Canadian energy firms with 'buy'

Prairiesky Royalty

13/01/2023 13:59

** Brokerage Stifel resumes coverage on Canadian oil and gas
producers with "buy"
    ** Brokerage expects oil prices to see tailwind in 2023,
driven by years of underinvestment and newfound capital
discipline 
    ** Sees Canadian heavy crude oil differentials improving 
    ** Stifel is bullish on medium- and long-term Canadian
natural gas prospects, expects growth in global demand and North
American LNG export  
 Company                                  PT
 Canadian Natural Resources Ltd  CNQ.TO   C$97
 ARC Resources Ltd  ARX.TO                C$22.50
 Tourmaline Oil Corp  TOU.TO              C$82
 PrairieSky Royalty Ltd  PSK.TO           C$18
 Birchcliff Energy Ltd  BIR.TO            C$9.75
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))