The Globe and Mail reports in its Thursday edition that Raymond James analyst Jeremy McCrea says Yangarra Resources ($5) exhibits "top of the class" reserve metrics. The Globe's David Leeder writes that Mr. McCrea raised his rating to "strong buy" from "outperform" after Tuesday's release of its 2017 year-end oil and gas reserves. Mr. McCrea targets the shares at $6. Analysts on average target the shares at $6.59. Mr. McCrea says in a note: "For investors who still 'doubt' the Cardium, the reserve report should finally give credibility to what we have been observing in GeoSCOUT and quarterly reports over this past year. Not only did YGR's PDP NAV [proved Developed producing net asset value] per share increase 46 per cent year over year, the return on capital and profitability appears to rank among the best in the sector. Although YGR was one of the best performing names in 2017 year-to-date, however, the overall pessimism on Canadian energy has led to a pullback. With 91 per cent of revenue expected to come from light oil/NGLs for 2018, the current differentials aren't affecting YGR nearly as much as other operators and as such, we think the pullback is one of few opportunities investors might see this year."