Quote:
Originally Posted by bdub
wti over $79, nat gas over $6.25. Analysts are raising price assumptions for oil and nat gas as well as increasing price targets on producers.
From desjardin analyst's in the globe today.
"we are maintaining our us$70 per barrel wti forecast for 2022, which we now believe has considerable upside risk. Moreover, unlike natural gas prices, which we expect to hit their cyclical peak in 2022, we believe that conditions are ripe for even stronger oil prices moving into 2023, including a potential return to us$100 per barrel wti!”
with that view, desjardins recommends investors should be buying producer equities “with reckless abandon.”
target prices - arx $20, cnq $60, cve $20, su $41, tou $70.
|
5 Year charts of the above 5 companies.
ARX_2021-10-14_19-55-48.jpg ARC Resources Ltd. - ARX
CNQ_2021-10-14_20-06-27.jpg Canadian Natural Resources Ltd. - CNQ
CVE_2021-10-14_20-07-25.jpg Cenovus Energy Inc. - CVE
SU_2021-10-14_20-07-43.jpg Suncor Energy Inc. - SU
TOU_2021-10-14_20-08-04.jpg Tourmaline Oil Corp. - TOU