CIBC analyst Dennis Fong lowered the firm’s price target on Nuvista Energy (NUVSF) to C$18 from C$19.50 and keeps an Outperformer rating on the shares. The decision from OPEC+ to accelerate the phaseout of voluntarily curtailed production surprised the market, and concerns over the pending supply and demand balance sharply pushed oil prices lower, the analyst tells investors in a research note. The firm adjusted oil price expectations lower as part of a Q1 earnings preview for the energy sector.

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Nuvista Energy initiated with an Outperform at Raymond James Nuvista Energy upgraded to Outperform from Sector Perform at ATB Capital NuVista Energy: Strong Performance and Growth Potential Justify Buy Rating NuVista Energy Reports Strong 2024 Financial Results NuVista Energy Reports Record Reserves and Strong 2024 Financial Results

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