The Globe and Mail reports in its Wednesday, Feb. 28, edition that ATB Capital Markets analyst Nate Heywood has reaffirmed his "outperform" recommendation for Secure Energy Services. The Globe's David Leeder writes that Mr. Heywood bumped his share target ahead by a loonie to $13. Analysts on average target the shares at $12.42. Mr. Heywood sees capital allocation as an important focus for both the company and investors. Mr. Heywood says in a note: "While Secure Energy has been active on the NCIB, management has prioritized debt repayment ahead of a potential SIB as the $340-million notes (due 2026) were described as having restrictive covenants that may hinder returning value to shareholders, which is a motivator for redemption in the coming weeks. With the balance sheet strength following the asset divestiture, management commented that it may look to invest in businesses with stable/predictable cash flows and would be interested in industrial waste businesses. There is potential for modest tuck-in acquisitions that build off the strength of the existing portfolio. ... In the near term, Secure is proceeding with modest growth initiatives, largely directed at contracted/production-based cash flows."