The Globe and Mail reports in its Wednesday, April 16, edition that Desjardins Securities analyst Chris MacCulloch thinks first quarter 2025 earnings season in Canada's energy sector will "likely result in the overshadowing of reporting season by heightened volatility in global financial markets," pointing to the quick turnaround from the last earnings release period and "limited operational developments going into spring breakup." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch continues to rate Whitecap Resources "buy." Mr. MacCulloch gave his share target a 50-cent trim to $11.50. Analysts on average target the shares at $13.38. Mr. MacCulloch says in a note: "We believe the recent meltdown in oil prices will put industry's newfound resiliency to its first serious test since the COVID-19 pandemic, with investors remaining vigilant for potential signs of distress. Meanwhile, market volatility presents an opportunity to accelerate industry M&A, particularly if the macro environment continues deteriorating over the coming weeks. With respect to 1Q25 financial results, we generally see producer cash flows as underwhelming vs current Street estimates."