CANADA RESEARCH SUMMARY: Sept 16 1301 GMT

Following is a summary of research actions on Canadian
companies reported by Reuters on Tuesday. Stock entries are in
alphabetical order.
For a summary of research on S&P 500 companies, double click
on [RCH/US]
For a summary of research on non-S&P 500 companies, double
click on [RCH/US2]
---------------------------------------------------------------
------------ STOCK RESEARCH BY ACTION
Addax Petroleum Scotia Capital Cuts price target to
C$58.00 from
(AXC.TO) C$69.50
---------------------------------------------------------------
------------ Angle Energy (NGL.TO) BMO Starts
with outperform rating;

price target of
C$7.25
---------------------------------------------------------------
------------ Antrim Energy (AEN.TO) RBC Cuts to
sector perform from

outperform; cuts
price target to

C$5.50 from C$5.75
---------------------------------------------------------------
------------ Birchcliff Energy Scotia Capital Cuts
price target to C$11.50 from
(BIR.TO) C$14.50; rating
sector underperform
---------------------------------------------------------------
------------ Bow Valley Energy Scotia Capital Cuts
price target to C$4.40 from
BVX.TO C$6.75; rating sector
perform
---------------------------------------------------------------
------------ Breaker Energy Scotia Capital Cuts
price target to C$11.75 from
(WAV.TO) C$16.25; rating
sector outperform
---------------------------------------------------------------
------------ Calfrac Well Services Scotia Capital Cuts
price target to C$26.25 from
(CFW.TO) C$36.50
---------------------------------------------------------------
------------ Calvalley Petroleum Scotia Capital Cuts
price target to C$4 from
(CVIa.TO) C$5.50; rating sector
perform
---------------------------------------------------------------
------------ Compton Petroleum Scotia Capital Cuts
price target to C$9.25 from
(CMT.TO) C$10.50; rating
sector underperform
---------------------------------------------------------------
------------ Delphi Energy (DEE.TO) Scotia Capital Cuts
price target to C$2.35 from

C$4; rating sector perform
---------------------------------------------------------------
------------ Discovery Air (DAa.TO) Versant Partners Cuts to
speculative buy from

buy; cuts price
target to C$0.70
---------------------------------------------------------------
------------ Enerflex Systems RBC Cuts to
sector perform from
Income Fund (EFX_u.TO) outperform; cuts
price target

to C$15 from C$16
---------------------------------------------------------------
------------ Ensign Energy RBC Cuts to
sector perform from
Services (ESI.TO) outperform; cuts
price target

to C$22 from C$27

Scotia Capital Cuts price target to
C$25.50 from

C$27.75
---------------------------------------------------------------
------------ Galleon Energy Scotia Capital Cuts
price target to C$17 from
GOa.TO C$22.50; rating
sector outperform
---------------------------------------------------------------
------------ Ithaca Energy (IAE.V) RBC Cuts to
outperform from top pick;

cuts price target to
C$3.30

from C$4.25
---------------------------------------------------------------
------------ Livingston BMO Raises
price target to C$16 from
International Income Fund (LIV_u.TO) C$15; rating market
perform
---------------------------------------------------------------
------------ Niko Resources Scotia Capital Raises
to sector outperform; cuts
(NKO.TO) price target to C$110
from C$124
---------------------------------------------------------------
------------ Oilexco Inc OIL.TO Scotia Capital Cuts to
sector perform; cuts price

target to C$20 from
C$25
---------------------------------------------------------------
------------ Paramount Resources Scotia Capital Cuts
price target to C$16.50 from
(POU.TO) C$20.75; rating
sector underperform
---------------------------------------------------------------
------------ Petro Andina PAR.TO Scotia Capital Cuts
price target to C$10.25

from C$15.50; rating
sector perform
---------------------------------------------------------------
------------ Petrolifera Petroleum Scotia Capital Cuts
price target to C$8.25 from
(PDP.TO) C$12.50; rating
sector perform
---------------------------------------------------------------
------------ Petrominerales Scotia Capital Cuts
price target to C$18.50 from
(PMG.TO) C$20.50; rating
sector perform
---------------------------------------------------------------
------------ Polaris Minerals BMO Cuts
price target to C$4.25 from
(PLS.TO) C$4.75; rating market
perform
---------------------------------------------------------------
------------ Precision Drilling Scotia Capital Cuts
price target to C$26.50
Trust (PD_u.TO) from C$33.25
---------------------------------------------------------------
------------ Thomson Reuters Genuity Cuts
price target to C$40 from
(TRI.TO) C$42; rating buy

RBC Cuts price target to
$39 from

$44; rating
outperform
---------------------------------------------------------------
------------ Trican Well Service Scotia Capital Cuts
price target to C$20.75
(TCW.TO) from C$27.50
---------------------------------------------------------------
------------ Tristar Oil & Gas Scotia Capital Cuts
price target to C$25.75 from
(TOG.TO) C$26.75; rating
sector outperform
---------------------------------------------------------------
------------ Universal Energy Group Genuity Cuts
price target to C$14 from (UEG.TO)

C$14.50; rating buy
---------------------------------------------------------------
------------ Westernzagros Scotia Capital Cuts
price target to C$2.75 from
Resources (WZR.V) C$3.50; rating sector
perform
---------------------------------------------------------------
------------ ((Compiled by Neha Singh and Ramya Dilip;
Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1
646 223 8780))