The Globe and Mail reports in its Friday, March 13, edition that Desjardins Securities analyst Chris MacCulloch continues to rate Peyto Exploration & Development "buy." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. MacCulloch gave his share target a $4 boost to $31. Mr. MacCulloch says in a note: "In an environment defined by depressed AECO prices and wavering sentiment for Canadian natural gas producers, Peyto Exploration stands out as a source of consistency and operational dependability. The flexibility embedded in its capital program is a function of disciplined execution, a low-cost operating model and a robust hedge book that has helped shield the company from acute commodity price volatility. This dynamic was on full display last summer as Peyto Exploration executed its development plan while continuing to gradually trim debt levels, even when AECO prices turned negative. With a similar foundation in place for 2026, history could very well repeat itself. Beyond near-term organic growth plans, we continue to believe that enhanced scale through M&A could complement Peyto Exploration's longer-term strategy."