The Globe and Mail reports in its Tuesday, April 9, edition that Industrial Alliance Securities analyst Michael Charlton believes Yangarra Resources ($2.71) is poised to benefit from rising oil prices. The Globe's David Leeder writes in the Eye On Equities column that Mr. Charlton rates Yangarra Resources "buy" with a $6.50 share target. Analysts on average target the shares at $5.98. Mr. Charlton says in a note: "[Yangarra Resources'] liquids rich Cardium development play continues to deliver increasing production rates and strong liquids cuts. Given its 61-per-cent liquids weighting that drives nearly 90 per cent of its forecasted revenue with minimal to none of its production hedged, Yangarra's free cash flow could pop in Q2/19 and through the balance of the year if liquids pricing holds. The company's relatively active, $100-million 2019 capital program that looks to drill 24 wells should also provide for the potential to see significant reserve additions again this year." The Globe reported on Nov. 9, 2018, that Canaccord Genuity analyst Anthony Petrucci said Yangarra Resources' recent share pullback had created a buying opportunity. The shares could then be had for $3.59.