April 9, 2019 / 9:28 AM / 2 months ago

BUZZ-Canaccord raises its 2019 price outlook on U.S. crude, Brent

** Canaccord Genuity raises its 2019 U.S. crude price forecast to $60 a barrel from $50 and Brent outlook to $65 a barrel from $60

** U.S. crude trading at $64.57 a barrel, Brent at $71.28 on Tuesday

** In Canada, price differentials between heavy crude and U.S. light crude should widen out from current levels into year-end, Canaccord says

** Output curbs imposed by Alberta led to differentials narrowing “significantly” in Q1, notes brokerage

** Canaccord upgrades Nuvista Energy Ltd and Bonterra Energy Corp to ‘buy’ from ‘hold’

** Among oilfield services firms, brokerage favors Precision Drilling Corp, Ensign Energy Services Inc, CES Energy Solutions Corp & Total Energy Services Inc

** Canaccord views international presence as a hedge on domestic headwinds

** Since OPEC and allies agreed to cut output in Dec, U.S. crude has risen ~23% and Brent ~16% (Reporting by John Benny in Bengaluru)

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