The Globe and Mail reports in its Thursday, April 9, edition that CIBC Capital Markets analyst Christopher Thompson rates Tenaz Energy "outperformer" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Thompson set a share target of $77.90. Analysts on average target the shares at $77.90. Mr. Tenaz says in a note: "Tenaz provides direct exposure to European gas pricing via its operations in the Dutch North Sea and is well positioned to grow production and free cash flow by developing its assets in the region. The company is the largest natural gas producer in the Netherlands, and has an ownership or operatorship interest in major gas gathering and processing infrastructure that can support significant organic growth within existing capacity. Our net asset value estimate of $100/sh demonstrates considerable upside to the current share price, which we believe will support a stronger valuation as Tenaz demonstrates its ability to grow production in the North Sea through successful infill and exploratory development."