The Globe and Mail reports in its Friday, Sept. 19, edition that RBC Dominion Securities analyst Greg Pardy boosted his rating on Vermilion Energy ($66.78) to "outperform" from "sector perform." The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Pardy reiterated his $81 price target. Mr. Pardy says Vermilion Energy's Corrib natural gas development offshore Ireland is poised to have a "transformative impact" on the company's free cash flow, leading to sizable dividend increases over the next couple of years. Mr. Pardy says: "In our view, Vermilion's rising free cash flow opens the door to dividend growth of 13 per cent in 2015. Our dividend per share outlook is now $2.59 in 2014, $2.92 (vs. $2.75) in 2015, and $3.29 in 2016." He says, "Supported by its two-thirds oil weighting, 35-per-cent exposure to Brent-linked pricing, and well-defined growth profile, Vermilion remains well positioned to execute a high yield growth model with a dividend stream that should rise in the future." The Street on average targets Vermilion over the next year at $79.07. The Globe reported on July 8 that Vermilion was a top recommendation at BMO Nesbitt Burns. The shares could then be had for $71.68.