The Globe and Mail reports in its Friday, July 25, edition that Raymond James analyst Luke Davis has reaffirmed his "strong buy" recommendation for Whitecap Resources. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Davis jacked his share target up by a loonie to $14. Analysts on average target the shares at $13.10. The Globe says Mr. Davis liked what he saw when reviewing second quarter results from Whitecap Resources. Mr. Davis says in a note: "The first look at the new and improved Whitecap was impressive all around, punctuated by outperformance on all metrics and strong operating momentum, setting up for a solid second half. Production volumes came in well ahead with the run-rate now comfortably in the 365 mboe/d range. In our view, the consolidated entity remains a best-in-class operator with top-tier assets, and we see further upside as they optimize capital allocation, monetize non-core assets and realize deal synergies through ongoing integration. Whitecap remains on our Analyst Current Favorites list." The Globe reported on July 4 that Mr. Davis had upgraded Whitecap Resources to "strong buy" from "outperform." The shares could then be had for $9.24.