Scotiabank decreased their price target on shares of Calvalley Petroleum (TSE: CVI.A) from $2.75 to $2.50 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock.

Calvalley Petroleum Inc. (Calvalley) is an international oil and gas company. The Company is focused on exploration and development of Block 9 in the Republic of Yemen and exploration of the Metema Block in Ethiopia.

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