Strathcona Resources Ltd. (SCR:CA) — National Bank maintained its Outperform rating and lowered its price target to C$63.00 from C$67.00. The target change represents a 6.0% decrease. Strathcona’s second-quarter report covered its Canadian heavy-oil operations and announced a quarterly dividend, linking its cash-return profile to operating performance. Looking ahead, investors will be watching whether oil prices and heavy-oil differentials support cash flow after sustaining capital, with dividend coverage and balance-sheet strength central to future returns.
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