Investment banking firm Canaccord Genuity reaffirmed its BUY recommendation for Canadian Overseas Petroleum Limited (XOP:TSX) and increased its target share price for the exploration and production company to C$1.20 from C$1.10.
Equities research firm Macquarie Equities Research maintained its rating of OUTPERFORM and its target share price of C$5.50 for junior exploration and production company Storm Resources.
The United States Geological Survey (USGS) announced Tuesday, August 23, that the Marcellus shale formation contains significantly more natural gas than had been predicted by the most recent assessment which happened almost ten years ago.
Research firm Macquarie Equities Research lowered its recommendation for junior oil and gas company Cequence Energy (CQE:TSX) to NEUTRAL from OUTPERFORM and increased its target share price to C$4.50.
Today's story on oil, recessions, and energy stocks comes from guest writer Cory Mitchell...
According to the National Bureau of Economic Research, since World War II, 10 out of 11 price peaks in oil have resulted in a US recession.
This suggests that North America is likely to see a slow...
Consol Energy Inc. (CNX:TSX) announced Thursday that it will sell Noble Energy (NBL:TSX) a stake of its ownership in the Marcellus shale holdings for $3.4 billion.
Oilfield-service company Western Energy Services Corporation (WRG:TSX) released its 2Q results indicating that revenue increased 142 percent from last year, and EBITDA rose 162 percent during the period.
Research firm Macquarie Equities Research lowered its target share price for Emerge Oil and Gas Inc. (EME:TSX) to C$2.25 from C$2.75 and reaffirmed its NEUTRAL rating for the company.
