National Bank of Canada analyst Patrick Kenny sees Tidewater Midstream and Infrastructure entering a growth phase following its restructuring. Kenny highlights the company's $1.2 billion Sustainable Aviation Fuel project, increased throughput at Brazeau River Complex, and the restart of Ram River as key drivers. He estimates these initiatives could add C$30 per share in unrisked valuation upside, more than doubling current valuations. Consequently, National Bank upgraded the stock to outperform with a C$25 price target, up from C$17. Shares have risen 6.7% to C$20.82 and nearly quadrupled year-to-date.

Meanwhile, crude futures edged higher amid escalating tensions, including U.S. strikes on Iranian targets, Iranian attacks on U.S. bases, Houthi threats against Saudi shipping in the Red Sea, and Ukrainian attacks on Russian energy infrastructure. Despite these supply concerns, price increases have been tempered by the possibility of renewed talks. Scott Shelton of TP ICAP noted caution among traders regarding over-bullish positions due to potential volatility. WTI for August delivery rose 1.9% to $84.79, and Brent increased 1.7% to $90.76.