12:01 ET - Now that Tidewater Midstream and Infrastructure's restructuring has taken hold, National Bank of Canada analyst Patrick Kenny thinks the company is poised to move into a growing phase. "Management's attention is shifting towards offence," Kenny says, pointing to the sanctioning of its $1.2 billion Sustainable Aviation Fuel project, growing field gas throughput at Brazeau River Complex, and restarting Ram River in 2H. He figures that these together represent about C$30 a share of "unrisked valuation upside," which would more than double current valuations. National Bank upgrades the stock to outperform from sector perform with a C$25 price target, up from C$17 previously. Shares are up 6.7% to C$20.82, and are up nearly fourfold this year. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 21, 2026 12:01 ET (16:01 GMT)

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