The Globe and Mail reports in its Tuesday, July 1, edition that National Bank Financial analyst Travis Wood rates Strathcona Resources "outperform, with a Street-high share target of $42. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $31.80. Mr. Wood thinks Strathcona provides investors with "pure-play oil sands exposure to long-life development opportunities at what we view as a relative discount to the peer group." Mr. Wood says in a note: "Unique in many ways, the company effectively offers public investors access to long-term, private-style strategy where Strathcona leverages a value investing approach that embeds intrinsic value across the development of the portfolio over the long term. The focus on corporate-level returns through strict capital allocation decisions across a unique organizational structure creates a culture of accountability and innovation. With line-of-sight toward 200 mbbl/d [thousand barrels per day] of heavy oil production, up from just 120 mbbl/d today, investors are offered heavy oil growth at a reasonable price, backstopped by ample liquidity, improving sustaining costs and expanding margins through asset optimization and cost management."