The Globe and Mail reports in its Tuesday, Nov. 7, edition that Desjardins Securities analyst Chris MacCulloch has upgraded his recommendation for Vermilion Energy to "buy" from "hold." The Globe's David Leeder writes that Mr. MacCulloch continues to target the shares at $24.50. Analysts on average target the shares at $24.47. Mr. MacCulloch says Vermilion's valuation is "too compelling to ignore." Mr. MacCulloch says in a note: "It has been tough slogging for Vermilion this year as it struggled with a protracted outage of the Wandoo offshore platform in Australia, wildfire-related downtime in Canada and the planned 3Q23 turnaround at Corrib in Ireland. However, operational momentum has clearly shifted in the company's favour, with several important growth projects on the horizon. ... The company plans to drill four wells on the prospective SA-07 block in 2024. Meanwhile, Vermilion expects Croatia to generate $40-million of cash flow in 2024 at the current strip given structurally advantaged natural gas prices in the region. For all those reasons (and more), we think it is time to revisit the stock." The Globe reported on July 26 that Mr. MacCulloch had cut Vermilion to "hold" from "buy." It was then worth $17.72.