The Globe and Mail reports in its Wednesday edition that BMO Nesbitt Burns analyst Jeremy McCrea has reinstated coverage on NuVista Energy with an "outperform" rating and $17 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $15.23. Mr. McCrea says in a note: "We believe NuVista is one of the few E&P companies with 'permission to grow.' With top-quartile production rates, it is one of the few companies that is not penalized for a no-dividend policy. A key reason is the previously built infrastructure to support this growth, but more importantly, the superior Montney results (at Pipestone and Gold Creek). Overall, the company is taking a 'make hay while the sun shines' mentality, and with recent exploration success and more inventory being added, there is a lot to like today." The Globe reported on March 22, 2022, that Mr. McCrea said there was "plenty of upside still to go" at NuVista Energy. He upgraded his recommendation to "strong buy" from "outperform." The shares could then be had for $10.89. The Globe reported on March 22 that Desjardins Securities analyst Chris MacCulloch continued to rate NuVista Energy "buy." It was then worth $11.55.