The Globe and Mail reports in its Friday edition that BMO Nesbitt Burns analyst Jeremy McCrea has assumed coverage of Whitecap Resources with an "outperform" rating and $13 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $12.70. 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. From that point, Whitecap Resources is one of the few companies that has significantly upgraded its inventory over the last several years and has substantially extended its inventory duration especially with additions in the Montney and Duvernay. This 'rate of change' is typically when a multiple expansion occurs and why we believe this should be the case for Whitecap as these well results come more to light." The Globe reported on Oct. 27, 2023, that Mr. McCrea had reaffirmed his "strong buy" call for Whitecap Resources, which was then worth $10.71. The Globe reported on Jan. 11, 2024, that National Bank had reaffirmed its "outperform" recommendation for Whitecap Resources with a $15 share target, down from $18.50. The shares could then be had for $8.85.