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RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Capital Markets on Monday said it expects Canadian oil and gas exploration and production companies to discuss the use of free cash flows amid higher crude prices during the earnings reporting season for the first quarter.RBC expects the companies to outline their near-term focus on higher buybacks and debt repayment, with capital programs to increase later this year if pricing remains robust.According to RBC, AECO natural-gas prices experienced a brief rebound during the first quarter, but have since pulled back as supplies have remained robust, keeping pace with increased demand from LNG Canada.RBC said its estimates are largely above FactSet consensus forecasts for now.The earnings season will kick off April 20 with PrairieSky Royalty (PSK.TO) reporting after market close.Price: $10.11, Change: $+0.01, Percent Change: +0.10%

$AAV.TO$ARX.TO$BIR.TO$FRU.TO$HWX.TO$KEL.TO$PEY.TO$POU.TO$PSK.TO$TPZ.TOU.TO$TVE.TO$WCP.TO

Asia Markets10d ago

European Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

European equities traded in the US as American depositary receipts began the week little changed late Monday morning, edging 0.02% higher to 1,822.16 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and telecommunications company Nokia (NOK), which advanced 26% and 9.3%, respectively. They were followed by furniture maker Natuzzi (NTZ) and biotech firm Evaxion (EVAX), which climbed 7.1% and 3.4%, respectively.The decliners from continental Europe were led by accommodations booking company trivago (TRVG) and brewing company Anheuser-Busch InBev (BUD), which dropped 3.3% and 1.2%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and lender Banco Santander (SAN), which were off 0.9% and 0.8%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Mereo BioPharma Group (MREO), which rose 7% and 4.8%, respectively. They were followed by biopharmaceutical companies NuCana (NCNA) and Bicycle Therapeutics (BCYC), which increased 4.1% and 2.4%, respectively.The decliners from the UK and Ireland were led by biotech company Trinity Biotech (TRIB) and cruise line operator Carnival (CUK), which fell 4.7% and 3.3%, respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and lender Barclays (BCS), which were down 2.2% and 0.9%, respectively.

$BCS$BCYC$BDRX$BUD$CLLS$CUK$EVAX$MREO$NCNA$NOK$NTZ$SAN$SLN$SNY$TRIB$TRVG

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RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

UBS Adjusts Price Target on Royal Caribbean to $350 From $371, Maintains Buy Rating

European Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

UBS Adjusts Equifax Price Target to $220 From $230, Maintains Buy Rating

UBS Raises Price Target on Pfizer to $27 From $25, Maintains Neutral Rating

UBS Adjusts Cognizant Technology Price Target to $64 From $67, Maintains Neutral Rating

UBS Adjusts Price Target on MasTec to $420 From $354, Maintains Buy Rating

UBS Adjusts Carnival Price Target to $35 From $38, Maintains Buy Rating

UBS Adjusts Price Target on California Resources Corp to $82 From $81, Maintains Buy Rating

Equinix Seen Benefiting From Rising AI Inference Demand, Morgan Stanley Says

RESAAS Services to Raise up to $1.8 Million in Private Placement of Shares

UBS Cuts Automatic Data Processing Price Target to $210 From $220, Maintains Neutral Rating

Trump Vows to Attack Iranian 'Fast Attack Ships' That Approach Hormuz Blockade

Market Chatter: Saudi Oil Exports to China to Halve Amid Middle East Conflict

Trump Vows to Attack Iranian 'Fast Attack Ships' that Approach Hormuz Blockade

Borr Drilling Flags Rig Restarts, New Award; Dayrates Average $134,000 for 2026

Bernstein Cuts EQT Price Target to $69 From $73, Maintains Outperform Rating

Bernstein Adjusts Expand Energy PT to $160 From $144, Maintains Outperform Rating

UBS Adjusts Price Target on Andersen Group to $34 From $32, Maintains Buy Rating

Arete Research Lifts Sandisk Price Target to $1,800 From $1,000, Maintains Buy Rating