The Globe and Mail reports in its Thursday, March 7, edition that Stifel analyst Michael Dunn has reaffirmed his "buy" recommendation for Journey Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dunn gave his share target a 50-cent trim to $5. Analysts on average target the shares at $5.40. Mr. Dunn says in a note: "The issuance of $38-million, five-year, 10.25-per-cent convertible debentures at a $5 per share conversion price, together with projected FCF and current cash on hand, looks more than sufficient to fund Journey Energy's near-term debt repayments. With near-term liquidity concerns now addressed, this should lift a big overhang on the stock. ... We are reducing our target price on a 5-per-cent reduction to our go-forward AFFO [adjusted funds from operations] estimates (higher interest), and a lower target multiple given the potential for 11-per-cent share dilution above $5. We continue to like the stock as a relatively high torque play on oil and natural gas price recovery, with a low decline asset base and growing Alberta power generation capacity."