The Globe and Mail reports in its Wednesday, June 14, edition that Industrial Alliance Securities analyst Michael Charlton says Yangarra Resources' ($3.39) upward revisions to its type curves prove it has been "doing the right things with its new path, extended reach, horizontal Cardium development program." The Globe's David Leeder writes in the Eye On Equities column that Mr. Charlton says in a note: "Yangarra provides investors with oil-focused development while maintaining a large inventory of multi-zone prospects. Trading at a substantial discount to its pre-tax base reserve NPV, Yangarra offers investors an attractive entry point into both Cardium and Glauconitic plays with additional upside potential from its existing land base in the Second White Speck." On Monday, Yangarra announced the changes as well as a $20-million addition to its 2017 capital spending budget and the plan to drill 12 additional extended reach Cardium wells. Mr. Charlton continues to rate the shares "buy." He increased his share target to $5.40 from $4.40. Analysts on average target the shares at $4.18. Elsewhere, Acumen Capital analyst Trevor Reynolds also increased his target by a loonie to $5.25 with a "buy" rating.