The Globe and Mail reports in its Thursday, Nov. 27, edition that National Bank Financial analyst Travis Wood has reiterated his "outperform" recommendation and $15 share target for Whitecap Resources. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $13.86. Whitecap Resources is Mr. Wood's "high conviction top idea" across his large-cap energy coverage universe. Mr. Wood says in a note: "In our view, Whitecap provides investors with significant growth optionality across the portfolio, supported by capital allocation decisions across oil, gas and liquids-rich opportunities. ... The continued operational success and momentum through a beat and raise style set up, supported by a culture of continuous improvement against what we see as a discounted and disconnected valuation presents an opportunity to gain access to high margin production and expanding natural gas exposure. Whitecap is our No. 1 top pick across our large cap coverage for many reasons, but underscored by the current valuation that has it trading at 2026 estimated EV/DACF multiple of four times on a 7.8-per-cent FCF yield (vs. peers at five times and 7.5 per cent)."