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RSP Permian's New Deal Looks Good Under Even The Most Conservative Assumptions
Monday, October 17, 2016 - 2:49pm | 228Read More...Canaccord Genuity maintained its Buy rating and raised its price target on RSP Permian Inc (NYSE: RSPP) saying the recent Silver Hill acquisition is accretive even on conservative assumptions. "We believe RSPP's acquisition bolsters the bull case going forward, despite paying what was...
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Here's Why Diamondback Energy Could See 38% Production Growth Next Year
Tuesday, October 11, 2016 - 12:51pm | 353Read More...Canaccord Genuity said in a research note on Tuesday that it sees 38 percent production growth for Diamondback Energy Inc (NASDAQ: FANG) in 2017 to 58.4 million barrels per of oil equivalents per day, or MBoe/day, which is at the high end of the company's guidance range. The firm premised the...
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Canaccord Gives An Enthusiastic Buy On Diamondback Energy
Wednesday, July 20, 2016 - 10:00am | 279Read More...Canaccord Genuity has upgraded Diamondback Energy Inc (NASDAQ: FANG) to Buy from Hold and sees 30 percent production growth next year while spending within cash flow. "Increased activity should yield top-tier growth while compressing the valuation multiple down towards the peer average....
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Canaccord Raises Pioneer Natural Resources' PT As Growth Factors Solidify, But Stock Is Tumbling
Thursday, June 16, 2016 - 11:35am | 218Read More...Canaccord's Sam Burwell raised his price target on Pioneer Natural Resources (NYSE: PXD) from $175.00 to $180.00.,/p> "All ahead full" is Burwell's mantra on the stock. The company is set to add five rigs by the end of the year on top of the existing 12. The acquisition can be related to the "...
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4 Energy Stocks Canaccord Loves
Thursday, May 12, 2016 - 2:15pm | 369Read More...To say that the energy sector has made for some tricky trading in the past couple of years would be quite an understatement, but Canaccord analysts have found four energy stocks that they love: Earthstone Energy Inc (NYSE: ESTE), Abraxas Petroleum Corp. (NASDAQ: AXAS), Canadian Solar Inc. (NASDAQ:...
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Canaccord: Apache Corp Won't See M&A, Assets Don't Warrant Premium
Tuesday, November 17, 2015 - 10:44am | 217Read More...Shares of Apache Corporation (NYSE: APA) are down 19 percent year-to-date, despite having risen above the $70 mark in mid-April. Canaccord Genuity's Sam Burwell believes that Apache's asset base warrants no premium and that the company is unlikely to be taken over. Apache recently rejected a "...
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Whiting Petroleum Downgraded At Canaccord, May Still Pursue Asset Sales
Friday, April 10, 2015 - 11:29am | 210Read More...Canaccord Genuity on Friday issued a report downgrading Whiting Petroleum Corp (NYSE: WLL) from Buy to Hold based on the dilution from recent equity offerings. Canaccord also lowered its price target for Whiting Petroleum from $35 to $34. Analyst Stephen Berman and Sam Burwell wrote, "The dilutive...
