The Globe and Mail reports in its Friday, Dec. 22, edition that ATB Capital Markets analyst Amir Arif has reaffirmed his "outperform" recommendation and $13 share target for Crescent Point Energy. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $14.38. Mr. Arif, following the close of Crescent Point's acquisition of Hammerhead Energy, said he would be a buyer of the company's shares, citing "well performance continuing to come in above type curves, an increased Montney footprint with existing infrastructure built out, and the pullback in the name due to the acquisition as well as a sector pullback." Mr. Arif says in a note: "The Saskatchewan assets provide low decline rates and meaningful positive free cash flow through water flood and CO2 flood development programs. The Alberta Montney and the Duvernay provide more scalable growth through primary development. On a combined basis, the company has a low corporate decline rate, in the 25-per-cent range, allowing for modest production growth and meaningful free cash flow generation. Approximately 60 per cent of the free cash flow is targeted for return of capital to shareholders."