The Globe and Mail reports in its Friday, Oct. 27, edition that Raymond James analyst Jeremy McCrea has reaffirmed his "strong buy" recommendation for Whitecap Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. McCrea cut his share target back by 50 cents to $15.50. Analysts on average target the shares at $14.30. Mr. McCrea says in a note: "One of the most important attributes with any E&P company is its ability to recognize, pivot, and improve its land/inventory base, especially as the Canadian E&P landscape shifts to a return-focus business. From that point, there are few companies that have better upgraded its inventory over the last several years, especially with the inventory duration WCP now has in the Montney/Duvernay. This 'rate of change' is typically when a multiple expansion occurs and why we believe this should be the case for WCP -- especially as we see more well results related to the XTO acquisition in 2024. Q3 results showed some preliminary results out of the Duvernay exceeding company expectations. That said, the guidance to lower production/higher capex for 2023 may weigh on sentiment along with the higher capital allocation to EOR projects."