The Globe and Mail reports in its Thursday, Nov. 2, edition that Desjardins Securities analyst Chris MacCulloch has reiterated his "buy" recommendation for Pine Cliff Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch raised his target for Pine Cliff Energy by 15 cents to $1.90. Analysts on average target the shares at $1.94. Mr. MacCulloch says in a note: "We are increasing our target on Pine Cliff reflecting positive estimate revisions stemming from the acquisition of Certus Oil and Gas Inc.; this was highly accretive, due in part to the reintroduction of financial leverage to the business model. Beyond financial accretion, increased scale and an expanded Alberta Deep basin drilling inventory, the transaction also significantly reduced the company's sensitivity to natural gas prices while improving dividend sustainability." The Globe reported on June 21, 2022, that its guest columnist Phil Dabo recommended buying Pine Cliff in the Number Cruncher column when it was trading at $1.61.