The Globe and Mail reports in its Friday, Oct. 10, edition that Scotia Capital analyst Kevin Fisk raised his commodity price forecasts and company estimates, noting continued regional tailwinds, with modest increases in Canadian oil price projections for 2025 and 2026. The Globe's David Leeder writes in the Eye On Equities column that Mr. Fisk has reaffirmed his "sector perform" recommendation for Parex Resources. Mr. Fisk gave his share target a $3 boost to $20. Analysts on average target the shares at $19.46. Mr. Fisk says in a note: "We are still expecting oil prices to weaken in 2026. ... We maintain a structurally positive view of Canadian differentials, underpinned by years of underinvestment, sustained capital discipline, surplus pipeline egress capacity, and robust global demand for heavy crude. TMX has brought structural change to the Canadian oil market by improving transport efficiency, reducing price volatility and diversifying market access beyond PADD's two and three to Asia. Additionally, approximately 780 mbbl/d of pipeline optimization and debottlenecking opportunities have been identified, potentially extending the egress runway well into the 2030s."