Ratings by Scotiabank (Paul Cheng)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 2/23/2026 | Devon Energy | DVN | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/3/2026 | Devon Energy | DVN | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/2/2026 | Coterra Energy | CTRA | Downgrade | Sector Perform (Sector Outperform) |
28.85 (31.03) |
7.56% | Details | |
| 11/3/2025 | ExxonMobil | XOM | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 9/26/2025 | EOG Resources | EOG | Downgrade | Sector Perform (Sector Outperform) |
117.30 (131.41) |
12.03% | Details | |
| 9/19/2025 | Permian Resources Corp | PR | New Coverage | Sector Outperform (N/A) |
13.56 (18.85) |
39.01% | Details | |
| 9/19/2025 | Chord Energy Corp | CHRD | New Coverage | Sector Perform (N/A) |
105.35 (121.36) |
15.2% | Details | |
| 8/14/2025 | BP | BP | Upgrade | Sector Outperform (Sector Perform) |
34.31 (40.44) |
17.87% | Details | |
| 7/11/2025 | Phillips 66 | PSX | Downgrade | Sector Perform (Sector Outperform) |
130.51 (165.96) |
27.16% | Details | |
| 10/10/2024 | ExxonMobil | XOM | Upgrade | Sector Outperform (Sector Perform) |
122.09 (151.21) |
23.85% | Details | |
| 10/10/2024 | BP | BP | Downgrade | Sector Perform (Sector Outperform) |
31.98 (34.31) |
7.29% | Details | |
| 10/8/2024 | Shell Plc. | SHEL | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 10/4/2024 | ExxonMobil | XOM | Maintain | Sector Perform (N/A) |
|
Details | ||
| 9/12/2024 | Apache Corp. | APA | Maintain | Sector Perform (N/A) |
|
Details | ||
| 9/3/2024 | Clean Energy Fuels | CLNE | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 9/3/2024 | OPAL Fuels Inc | OPAL | Downgrade | Sector Perform (Sector Outperform) |
3.59 (2.12) |
-40.95% | Details | |
| 9/3/2024 | Montauk Renewables, Inc. | MNTK | Downgrade | Sector Perform (Sector Outperform) |
4.69 (1.54) |
-67.16% | Details | |
| 8/16/2024 | Devon Energy | DVN | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/15/2024 | Diamondback Energy | FANG | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/15/2024 | Apache Corp. | APA | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Valero Energy | VLO | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | Phillips 66 | PSX | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | PBF Energy | PBF | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Occidental Petroleum | OXY | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | Murphy Oil Corp. | MUR | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Marathon Petroleum | MPC | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | Hess Corp. | HES | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Diamondback Energy | FANG | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | EOG Resources | EOG | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Devon Energy | DVN | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | Delek US | DK | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Darling Ingredients | DAR | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | Chevron | CVX | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | ConocoPhillips | COP | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | BP | BP | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 7/12/2024 | Apache Corp. | APA | Maintain | Sector Perform (N/A) |
|
Details | ||
| 7/12/2024 | Marathon Oil | MRO | Downgrade | Sector Perform (Sector Outperform) |
28.61 (28.55) |
-0.21% | Details | |
| 4/11/2024 | EOG Resources | EOG | Downgrade | Sector Underperform (Sector Outperform) |
137.95 (117.30) |
-14.97% | Details | |
| 4/11/2024 | Murphy Oil Corp. | MUR | Downgrade | Sector Perform (Sector Outperform) |
48.11 (34.55) |
-28.19% | Details | |
| 4/11/2024 | Occidental Petroleum | OXY | Upgrade | Sector Outperform (Sector Perform) |
68.94 (54.19) |
-21.4% | Details | |
| 4/11/2024 | Chevron | CVX | Upgrade | Sector Outperform (Sector Perform) |
162.67 (189.94) |
16.76% | Details | |
| 3/6/2024 | Clean Energy Fuels | CLNE | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 2/13/2024 | Diamondback Energy | FANG | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 2/9/2024 | ConocoPhillips | COP | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/7/2024 | BP | BP | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 2/2/2024 | Phillips 66 | PSX | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 1/31/2024 | Marathon Petroleum | MPC | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 1/26/2024 | Valero Energy | VLO | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 1/16/2024 | Chevron | CVX | Downgrade | Sector Perform (Sector Outperform) |
147.27 (189.94) |
28.97% | Details | |
| 1/16/2024 | Apache Corp. | APA | Downgrade | Sector Perform (Sector Outperform) |
32.54 (32.68) |
0.43% | Details | |
| 11/13/2023 | Montauk Renewables, Inc. | MNTK | Upgrade | Sector Outperform (Sector Perform) |
6.47 (1.54) |
-76.2% | Details | |
| 11/10/2023 | Clean Energy Fuels | CLNE | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 11/9/2023 | Darling Ingredients | DAR | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 10/30/2023 | Chevron | CVX | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 9/29/2023 | Montauk Renewables, Inc. | MNTK | New Coverage | Sector Perform (N/A) |
8.90 (1.54) |
-82.7% | Details | |
| 9/29/2023 | OPAL Fuels Inc | OPAL | New Coverage | Sector Outperform (N/A) |
8.10 (2.12) |
-73.83% | Details | |
| 5/8/2023 | PBF Energy | PBF | Maintain | Sector Perform (N/A) |
|
Details | ||
| 4/13/2023 | EOG Resources | EOG | Upgrade | Sector Outperform (Sector Perform) |
122.31 (131.41) |
7.44% | Details | |
| 4/13/2023 | Chevron | CVX | Upgrade | Sector Outperform (Sector Perform) |
169.82 (189.94) |
11.85% | Details | |
| 4/13/2023 | ExxonMobil | XOM | Downgrade | Sector Perform (Sector Outperform) |
115.23 (151.21) |
31.22% | Details | |
| 2/17/2023 | PBF Energy | PBF | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/8/2023 | BP | BP | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 2/1/2023 | ExxonMobil | XOM | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 1/17/2023 | Valero Energy | VLO | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Pioneer Natural Resources | PXD | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Phillips 66 | PSX | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | PBF Energy | PBF | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Occidental Petroleum | OXY | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Marathon Petroleum | MPC | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Hess Corp. | HES | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | ExxonMobil | XOM | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | EOG Resources | EOG | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Diamondback Energy | FANG | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Devon Energy | DVN | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Coterra Energy | CTRA | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | ConocoPhillips | COP | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | Chevron | CVX | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | BP | BP | Maintain | (N/A) |
|
Details | ||
| 1/17/2023 | BP | BP | Upgrade | Sector Outperform (Sector Perform) |
35.56 (40.44) |
13.72% | Details | |
| 1/17/2023 | ConocoPhillips | COP | Downgrade | Sector Perform (Sector Outperform) |
121.47 (117.07) |
-3.62% | Details | |
| 1/17/2023 | ExxonMobil | XOM | Upgrade | Sector Outperform (Sector Perform) |
113.15 (151.21) |
33.64% | Details | |
| 11/10/2022 | Occidental Petroleum | OXY | Maintain | Sector Perform (N/A) |
|
Details | ||
| 11/8/2022 | Delek US | DK | Upgrade | Sector Perform (Sector Underperform) |
33.62 (42.29) |
25.79% | Details | |
| 11/7/2022 | EOG Resources | EOG | Maintain | Sector Perform (N/A) |
|
Details | ||
| 11/7/2022 | ConocoPhillips | COP | Maintain | Sector Perform (N/A) |
|
Details | ||
| 11/2/2022 | BP | BP | Maintain | Sector Perform (N/A) |
|
Details | ||
| 11/2/2022 | Marathon Petroleum | MPC | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 11/2/2022 | Phillips 66 | PSX | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 9/8/2022 | Darling Ingredients | DAR | New Coverage | Sector Outperform (N/A) |
73.69 (52.91) |
-28.2% | Details | |
| 9/8/2022 | Clean Energy Fuels | CLNE | New Coverage | Sector Outperform (N/A) |
6.21 (2.38) |
-61.67% | Details | |
| 8/1/2022 | Continental Resources | CLR | Downgrade | Sector Perform (Sector Outperform) |
68.89 (74.27) |
7.81% | Details | |
| 7/26/2022 | Coterra Energy | CTRA | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 5/9/2022 | Apache Corp. | APA | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 4/18/2022 | Pioneer Natural Resources | PXD | Downgrade | Sector Perform (Sector Outperform) |
254.75 (269.62) |
5.84% | Details | |
| 4/18/2022 | PBF Energy | PBF | Upgrade | Sector Perform (Sector Underperform) |
27.32 (43.25) |
58.31% | Details | |
| 4/18/2022 | ConocoPhillips | COP | Upgrade | Sector Outperform (Sector Perform) |
101.37 (117.07) |
15.49% | Details | |
| 3/8/2022 | Valero Energy | VLO | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | PBF Energy | PBF | Maintain | Sector Underperform (N/A) |
|
Details | ||
| 3/8/2022 | Marathon Petroleum | MPC | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | Pioneer Natural Resources | PXD | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | Murphy Oil Corp. | MUR | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | Occidental Petroleum | OXY | Maintain | Sector Perform (N/A) |
|
Details | ||
| 3/8/2022 | Marathon Oil | MRO | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | ExxonMobil | XOM | Maintain | Sector Perform (N/A) |
|
Details | ||
| 3/8/2022 | Devon Energy | DVN | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | EOG Resources | EOG | Maintain | Sector Perform (N/A) |
|
Details | ||
| 3/8/2022 | Continental Resources | CLR | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | ConocoPhillips | COP | Maintain | Sector Perform (N/A) |
|
Details | ||
| 3/8/2022 | Chevron | CVX | Maintain | Sector Perform (N/A) |
|
Details | ||
| 3/8/2022 | Apache Corp. | APA | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 3/8/2022 | Diamondback Energy | FANG | Upgrade | Sector Outperform (Sector Perform) |
134.44 (180.54) |
34.29% | Details | |
| 2/28/2022 | Occidental Petroleum | OXY | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/28/2022 | EOG Resources | EOG | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/24/2022 | Diamondback Energy | FANG | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/24/2022 | Apache Corp. | APA | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 2/22/2022 | ConocoPhillips | COP | Maintain | Sector Perform (N/A) |
|
Details | ||
| 2/18/2022 | Marathon Oil | MRO | Upgrade | Sector Outperform (Sector Perform) |
21.89 (28.55) |
30.42% | Details | |
| 1/13/2022 | CVR Energy | CVI | Upgrade | Sector Perform (Sector Underperform) |
20.80 (26.83) |
28.99% | Details | |
| 1/13/2022 | ConocoPhillips | COP | Downgrade | Sector Perform (Sector Outperform) |
84.40 (117.07) |
38.71% | Details | |
| 11/17/2021 | Royal Dutch Shell | RDS-A | Upgrade | Sector Outperform (Sector Perform) |
45.59 (51.04) |
11.95% | Details | |
| 11/17/2021 | Diamondback Energy | FANG | Downgrade | Sector Perform (Sector Outperform) |
110.18 (180.54) |
63.86% | Details | |
| 11/17/2021 | Apache Corp. | APA | Upgrade | Sector Outperform (Sector Perform) |
29.62 (32.68) |
10.33% | Details | |
| 11/17/2021 | Marathon Oil | MRO | Downgrade | Sector Perform (Sector Outperform) |
16.72 (28.55) |
70.75% | Details | |
| 11/17/2021 | Continental Resources | CLR | Upgrade | Sector Outperform (Sector Perform) |
47.51 (74.27) |
56.32% | Details | |
| 10/14/2021 | Continental Resources | CLR | Downgrade | Sector Perform (Sector Outperform) |
52.34 (74.27) |
41.9% | Details | |
| 8/6/2021 | Marathon Oil | MRO | Upgrade | Sector Outperform (Sector Perform) |
11.79 (28.55) |
142.15% | Details | |
| 7/15/2021 | CVR Energy | CVI | Downgrade | Sector Underperform (Sector Perform) |
15.16 (20.80) |
37.2% | Details | |
| 7/15/2021 | EOG Resources | EOG | Downgrade | Sector Perform (Sector Outperform) |
79.66 (131.41) |
64.96% | Details | |
| 7/15/2021 | Cimarex Energy | XEC | Downgrade | Sector Underperform (Sector Perform) |
69.00 (87.20) |
26.38% | Details | |
| 6/11/2021 | CVR Energy | CVI | Maintain | Sector Perform (N/A) |
|
Details | ||
| 5/25/2021 | Cimarex Energy | XEC | Downgrade | Sector Perform (Sector Outperform) |
66.14 (87.20) |
31.84% | Details | |
| 5/21/2021 | Pioneer Natural Resources | PXD | Upgrade | Sector Outperform (Sector Perform) |
150.65 (269.62) |
78.97% | Details | |
| 5/21/2021 | Diamondback Energy | FANG | Upgrade | Sector Outperform (Sector Perform) |
76.53 (180.54) |
135.91% | Details | |
| 4/15/2021 | Cimarex Energy | XEC | Upgrade | Sector Outperform (Sector Perform) |
64.90 (87.20) |
34.36% | Details | |
| 4/15/2021 | Diamondback Energy | FANG | Downgrade | Sector Perform (Sector Outperform) |
80.34 (180.54) |
124.72% | Details | |
| 4/15/2021 | EOG Resources | EOG | Upgrade | Sector Outperform (Sector Perform) |
74.12 (131.41) |
77.29% | Details | |
| 4/15/2021 | Murphy Oil Corp. | MUR | Upgrade | Sector Outperform (Sector Perform) |
17.35 (34.55) |
99.14% | Details | |
| 4/15/2021 | Occidental Petroleum | OXY | Downgrade | Sector Perform (Sector Outperform) |
25.55 (54.19) |
112.09% | Details | |
| 4/15/2021 | Pioneer Natural Resources | PXD | Downgrade | Sector Perform (Sector Outperform) |
153.10 (269.62) |
76.11% | Details | |
| 3/10/2021 | Chevron | CVX | Downgrade | Sector Perform (Sector Outperform) |
109.50 (189.94) |
73.46% | Details | |
| 2/25/2021 | Pioneer Natural Resources | PXD | Maintain | Sector Outperform (Sector Outperform) |
|
Details | ||
| 2/25/2021 | Delek US | DK | Maintain | Sector Underperform (Sector Underperform) |
|
Details | ||
| 2/25/2021 | HollyFrontier | HFC | Maintain | Sector Outperform (N/A) |
|
Details | ||
| 2/1/2021 | Diamondback Energy | FANG | New Coverage | Sector Outperform (N/A) |
56.69 (180.54) |
218.47% | Details | |
| 1/14/2021 | Royal Dutch Shell | RDS-A | Downgrade | Sector Underperform (Sector Outperform) |
40.66 (51.04) |
25.53% | Details | |
| 1/14/2021 | ConocoPhillips | COP | Upgrade | Sector Outperform (Sector Perform) |
47.03 (84.40) |
79.46% | Details | |
| 10/28/2020 | Concho Resources | CXO | Downgrade | Sector Perform (Sector Outperform) |
43.71 (65.60) |
50.08% | Details | |
| 9/24/2020 | ExxonMobil | XOM | Upgrade | Sector Perform (Sector Underperform) |
35.53 (151.21) |
325.58% | Details | |
| 9/24/2020 | Chevron | CVX | Downgrade | Sector Perform (Sector Outperform) |
75.53 (189.94) |
151.48% | Details | |
| 9/24/2020 | Hess Corp. | HES | Downgrade | Sector Perform (Sector Outperform) |
41.23 (148.97) |
261.31% | Details | |
| 9/24/2020 | Murphy Oil Corp. | MUR | Downgrade | Sector Underperform (Sector Perform) |
9.68 (34.55) |
256.92% | Details | |
| 9/24/2020 | Occidental Petroleum | OXY | Upgrade | Sector Outperform (Sector Perform) |
11.08 (54.19) |
389.08% | Details | |
| 8/6/2020 | Delek US | DK | Downgrade | Sector Underperform (Sector Perform) |
15.36 (42.29) |
175.33% | Details | |
| 6/1/2020 | Occidental Petroleum | OXY | Downgrade | Sector Perform (Sector Outperform) |
12.95 (54.19) |
318.46% | Details | |
| 6/1/2020 | Pioneer Natural Resources | PXD | Upgrade | Sector Outperform (Sector Perform) |
91.60 (269.62) |
194.34% | Details | |
| 4/14/2020 | CVR Energy | CVI | Upgrade | Sector Perform (Sector Underperform) |
18.40 (26.83) |
45.82% | Details | |
| 4/14/2020 | PBF Energy | PBF | Downgrade | Sector Perform (Sector Outperform) |
7.62 (43.25) |
467.59% | Details | |
| 1/30/2020 | Hess Corp. | HES | Upgrade | Sector Outperform (Sector Underperform) |
57.82 (148.97) |
157.64% | Details | |
| 1/23/2020 | ExxonMobil | XOM | Downgrade | Sector Underperform (Sector Perform) |
67.19 (151.21) |
125.05% | Details | |
| 1/23/2020 | ConocoPhillips | COP | Downgrade | Sector Perform (Sector Outperform) |
63.01 (117.07) |
85.8% | Details | |
| 1/23/2020 | Chevron | CVX | Upgrade | Sector Outperform (Sector Perform) |
112.90 (189.94) |
68.24% | Details | |
| 11/13/2019 | Hess Corp. | HES | New Coverage | Sector Underperform (N/A) |
72.80 (148.97) |
104.63% | Details | |
| 11/13/2019 | Murphy Oil Corp. | MUR | Downgrade | Sector Perform (Sector Outperform) |
24.42 (34.55) |
41.48% | Details | |
| 11/13/2019 | Pioneer Energy Services Corp | PES | New Coverage | Sector Perform (N/A) |
0.16 (0.16) |
0% | Details | |
| 11/13/2019 | EOG Resources | EOG | New Coverage | Sector Perform (N/A) |
73.82 (131.41) |
78.01% | Details | |
| 11/13/2019 | Concho Resources | CXO | New Coverage | Sector Outperform (N/A) |
72.19 (65.60) |
-9.13% | Details | |
| 8/15/2019 | CVR Energy | CVI | New Coverage | Sector Underperform (N/A) |
44.48 (26.83) |
-39.68% | Details |

