August 26, 2014 / 3:33 PM / 3 years ago

BUZZ-NuVista Energy Ltd: Buys land in Montney shale

** Oil and gas producer’s shares up 7 pct at C$11.66

** Company to buy additional land in Wapiti Montney, British Columbia, Alberta for C$35 million, before closing adjustments

** “Land acquisition is another positive stride for the company in the evolution of its condensate-rich Montney play,” National Bank Financial analysts write in note

** NuVista to also privately place up to 2.4 million common shares

** Raymond James analysts raise price target on stock to C$15.25 from C$13.25

** Of 13 analysts covering stock, 12 have “buy” rating and one has “strong buy”

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below