The Globe and Mail reports in its Friday, Nov. 14, edition that Scotia Capital analyst Kevin Fisk has elevated his recommendation for Baytex Energy to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Fisk gave his share target a $1.25 boost to $5.25. Analysts on average target the shares at $4.41. On Wednesday Baytex signed a deal to sell its U.S. Eagle Ford assets to an undisclosed buyer for about $3.25-billion. To justify his rating upgrade Mr. Fisk points to four considerations: "1) the proceeds strengthen Baytex's balance sheet, which has historically been an issue for the company, 2) we estimate that Baytex will be able to buyback 16 per cent of its shares in 2026 using its NCIB (2025 and 2026 NCIB capacities) with room for additional buybacks via a SIB, 3) The transaction focuses Baytex on its higher-return Canadian assets and its Pembina Duverney growth program is now more impactful, and 4) the transaction reduces Baytex's sustaining capex breakeven by $8/bbl to $52/bbl WTI. ... There could be upside to our NAVPs estimate as Baytex is spending capital on exploration and the company has historically been able to add inventory through exploration."