The Globe and Mail reports in its Tuesday, March 5, edition that Desjardins Securities analyst Chris MacCulloch has reaffirmed his "buy" recommendation for Athabasca Oil. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch gave his share target a 25-cent boost to $5.50. Analysts on average target the shares at $5.61. Mr. MacCulloch says in a note, "While acknowledging that valuation has begun to stretch as the stock continues rallying ahead of TMX line fill next month, we believe there is further upside to the extent that the company provides attractive organic growth visibility, peer-leading capital returns, a pristine balance sheet and future optionality to ramp thermal production at Leismer and Corner toward 80,000 bbl/d." The Globe reported on July 28 and Nov. 3 that RBC Dominion Securities analyst Luke Davis had reaffirmed his "sector perform" recommendation for Athabasca Oil. Its shares could then be had for $3.42 and $4.25. The Globe reported on Dec. 8 that Mr. Davis had upgraded his recommendation for Athabasca Oil to "buy." The shares could then be had for $3.79.