The Globe and Mail reports in its Thursday, June 26, edition that ATB Capital Markets analyst Amir Arif has reaffirmed his "outperform" recommendation and $22 share target for Kiwetinohk Energy. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $19.50. Mr. Arif says in a note: "There is no cashflow associated with the power assets and we believe the current valuation of 1.9 times 2026 strip EV/DACF reflects a very attractive value for the upstream business. We believe the valuation discount is purely related to its limited trading liquidity. The trading liquidity issue could improve either through a sale/merger through the strategic review process or an eventual sale/merger down the road when processing capacity is filled in 2027. Either way, this remains our favorite small cap idea and we would buy on dips along the way for an eventual $25 to $30 price target. The key reasons we like the name are its top tier Duvernay assets, gas plant ownership, 24 years of inventory life, physical capacity to move 90 per cent of its gas to the Chicago market, and additional $1 to $2/sh value from its power segment. Kiwetinohk maintains a double-digit growth rate."