The Globe and Mail reports in its Wednesday, March 6, edition that Scotia Capital analyst Cameron Bean has reaffirmed his "sector outperform" recommendation for Advantage Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bean boosted his share target by a loonie to a Street-high $17. Analysts on average target the shares at $12.34. Even with a "peer-leading" share price jump of 22 per cent thus far in 2024, Mr. Bean still sees "considerable upside" in Advantage Energy stock. Mr. Bean says in a note: "In our view, the company is well positioned to deliver best in class per share growth over the next several years based on the company's top quality Montney asset base, low operating cost structure, clean balance sheet, and active share repurchase program. ... Adjusted funds flow and free cash flow came in 5 per cent ahead of consensus on higher-than-expected NGL price realizations. The company also delivered on its commitment to reduce capex, trimming the 2024 budget by 15 per cent, while maintaining production guidance at the original level. Year-end 2023 PDP reserves were up 8 per cent, with outsized oil and NGL growth on reasonable FD&A costs."