The Globe and Mail reports in its Thursday, Jan. 22, edition that Scotia Capital analyst Cameron Bean has reaffirmed his "sector outperform" recommendation for Tourmaline Oil. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bean gave his share target a $5 trim to $75. Analysts on average target the shares at $72.55. Mr. Bean says in a note: "We believe the sell-off is overdone and expect both natural gas commodity and equity prices to increase over the next 12 months. If our base case supply and demand forecasts prevail, we expect NYMEX prices to exceed $5 (U.S.)/mmBtuby 2H/25 and believe the AECO differential will tighten below $1.25 (U.S.)/mmBtuat the same time. Our best ideas in the space balance our bullish views on the commodity with downside protection (because we can certainly be wrong about the commodity). Our top picks are Topaz Energy, Spartan Delta and Peyto as our favorite options for natural gas torque." Mr. Bean updated his estimates to account for fourth quarter 2025 actual commodity prices and adjusted his forward forecasts based on Scotia's price deck as well as strip prices.