The Globe and Mail reports in its Thursday, May 16, edition that Scotia Capital analyst Cameron Bean continues to rate Peyto Exploration & Development "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bean gave his share target a $2 boost to $22. Analysts on average target the shares at $17.41. Mr. Bean says in a note: "Peyto Exploration delivered solid Q1/24 results, with cash flow in line (ahead before cash taxes). The company put up lower-than-expected opex for the second consecutive quarter, which we see as a positive indicator of progress integrating the Repsol assets. Peyto plans to swing gas being processed through a third party deep cut into one of its own facilities during Q2/23 to reject ethane (prices are very low) and sell higher heat content gas. We see this as a key benefit of Peyto's infrastructure ownership and integrated asset base. Looking ahead, we see the company well positioned to ride out weak and volatile AECO prices (we have Peyto with essentially no AECO exposure through 2026) and deliver on its growth and debt reduction plans over the next few years across a range of commodity price scenarios."