The Globe and Mail reports in its Friday, Dec. 15, edition that Stifel analyst Cody Kwong has reaffirmed his "buy" recommendation for Vermilion Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwon cut his target to $24 from $27. Analysts on average target the shares at $24.37. Mr. Kwong says in a note: "Vermilion released its plans for 2024 that were in line with consensus expectations; however, the positive headline catchers for us were the uptick in cash flow/FCF, due to the removal of EU windfall taxes, and a firm plan to elevate return of capital to 50 per cent of FCF in April, that comes alongside a 20-per-cent increase to its dividend. While we have adjusted our target price to $24 in recognition of commodity prices pushing lower, we believe investors should take a fresh look given increased flexibility, confirmation of increased shareholder returns, and an attractive valuation for a name whose cash flow has been far more insulated than most through this latest commodity price pullback." The Globe reported on Nov. 14, 2022, that Mr. Kwong had reaffirmed his "buy" recommendation when the shares could be had for $26.72.