The Globe and Mail reports in its Wednesday, Jan. 17, edition that Scotia Capital analysts have updated their price deck for natural gas, lowering their Henry Hub estimate for the year by about 4 per cent. The Globe's David Leeder writes in the Eye On Equities column that the Scotia Capital analysts call Advantage Energy one of their "best ideas" for "Canadian natural gas exposure." They continue to rate Peyto Exploration & Development "sector outperform." Their share target fell by $3 to $20. Analysts on average target the shares at $16.07. The Scotia Capital analysts say in a note: "Revitalized business model and longer runway following the Repsol acquisition. Strong hedge book and low cost structure protects the free cash flow and dividend proposition in a weak natural gas price environment. Room for the multiple to rerate upward if Peyto can deliver the guided results from the new assets." The Globe reported on Oct. 20 that CIBC World Markets had boosted Peyto to "outperformer" from "neutral." It was then worth $14.35. The Globe reported on Jan. 11 that National Bank Financial analysts rated Peyto "outperform." The shares could then be had for $13.08.