The Globe and Mail reports in its Thursday edition that Desjardins Securities analyst Chris MacCulloch has reaffirmed his "buy" recommendation for Tourmaline Oil. The Globe's David Leeder writes that Mr. MacCulloch tweaked his share target back by a loonie to $85. Analysts on average target the shares at $84.09. Mr. MacCulloch says in a note: "Tourmaline remains the go-to name for most generalist investors looking to dip their toes into natural gas, which is not surprising given the company represents the pinnacle of quality in the Canadian energy landscape. At its core is a top-tier management team which has proven to be a responsible steward of shareholder capital and among the savviest acquirers of assets. Although insider interests are clearly aligned with shareholders, the quantum of special dividends witnessed over the last 12 months will almost certainly moderate heading into 2024 given softening natural gas prices and with a larger allocation of FCF temporarily earmarked for the balance sheet after it recently closed the acquisition of Bonavista Energy Corporation." The Globe reported on Aug. 9 and Sept. 19 that Mr. MacCulloch rated Tourmaline "buy." The shares could then be had for $70.45 and $69.84.