Tallinna Vesi Responds to Extreme Weather Incident, Water Pressure Restored Quickly

Raymond James analyst Luke Davis downgraded Tamarack Valley Energy to Market Perform from Outperform. Energy subsectors have broadly outperformed levels implied by commodity moves, and some outperformance is justified by a better political backdrop, improved egress visibility, and M&A activity, leaving select areas still attractive, the analyst tells investors in a research note. However, Oil E&Ps have run too far relative to peers, prompting a tactical shift toward Oilfield Services, Energy Infrastructure, Gas E&P, Royalties, and Integrated/Oil Sands, the firm says.