The Globe and Mail reports in its Friday, April 12, edition that Scotia Capital analyst Cameron Bean has elevated his recommendation for Paramount Resources to "sector outperform" from "sector perform." The Globe's David Leeder writes that Mr. Bean raised his share target to a Street-high of $42 from $29, representing a potential gain of 42.1 per cent based on its Wednesday closing price. Analysts on average target the shares at $35. Mr. Bean says in a note: "With our shift to a more bullish call on oil prices (our long-term WTI forecast is up $10 (U.S.)/bbl to $70 (U.S.)/bbl), we believe the time is right to buy Paramount. The stock has the highest sensitivity to WTI price changes among our Canadian coverage names, a pristine balance sheet and strong growth potential from the Willesden Green Duvernay project beginning in late 2025. Moreover, we have the stock trading below three times its 2025 estimated debt-adjusted cash flow, with a solid dividend yield of approximately 5 per cent. Our updated valuation mix points to a more than $40 per share valuation, resulting in a solid entry price below $30 per share. We are fully aware of the risks with the name. The company's recent operations update was negative."