-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：我們維持2顆星（賣出）評級，並將12個月目標價從25美元下調至22美元。我們的目標價相當於2027年EBITDA預估價的5.5倍。鑑於原油價格波動以及WTI/WCS價差的影響，我們下調了營收成長預期。因此，我們將2026年每股收益預期下調0.51加元至3.38加元，並將2027年每股收益預期下調0.43加元至2.37加元。第一季淨債務季減至80.6億加元，低於上一季的82.9億加元。這是一個正確的方向，但我們對此的信心低於預期，因為60億加元的淨債務將增加可返還給股東的自由資金流。我們仍認為原油價格的下行風險過高，目前主要原油生產商正經歷短期現金流激增，但這種情況將會緩解。
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Research Alert: Tou Q1: Record Q1 Production, Raises 2026-2027 Fcf Outlook To Cad0.9b Annually
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Santana Minerals Unit Secures OIO Approval to Acquire Land for South Island Gold Project
Santana Minerals' (ASX:SMI, NZE:SMI) wholly owned subsidiary, Matakanui Land, has been approved by New Zealand's overseas investment office (OIO) to acquire land across Bendigo and Ardgour stations, clearing the way for the company's proposed gold mining project, according to a Thursday filing with the Australian and New Zealand bourses.The approval includes 797 hectares at Bendigo station for mining infrastructure and pits, 92 hectares for a proposed Bendigo sanctuary, and 2,880 hectares at Ardgour station for processing facilities, tailings storage, offices, and ecological offset areas, per the filing.The project is expected to attract more than NZ$500 million in investment over 13 to 14 years, generate about 350 full-time jobs, increase exports, and strengthen the local economy, the filing said.The OIO consent key conditions include full settlement by December, securing resource consent by March 2035, and investing NZ$250 million in development within five years of receiving consent.The company expects to meet these requirements, with a final decision under the fast-track approvals act due in October and initial gold production planned for early 2028, the filing added.
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