The Globe and Mail reports in its Friday, April 19, edition that heading into earnings season, Stifel analyst Cole Pereira reiterated his bullish view on the Canadian oil field services industry, seeing valuation upside. The Globe's David Leeder writes in the Eye On Equities column that the Stifel stockpicker has reaffirmed his "hold" recommendation for Western Energy Services. He gave his share target a 25-cent trim to $2.75. Analysts on average target the shares at $2.95. Mr. Pereira says in a note: "Our Western Energy Services EBITDAS forecasts decline 2 per cent in 2024 to $47-million but increase 2 per cent in 2025 to $53-million. However, we have also reduced our target multiple to 3.7 times 2025E EV/EBITDAS (prior: 4.1 times) to reflect a more appropriate discount to peers given its higher leverage and lower return metrics." The Globe reported on Dec. 9, 2022, and June 16, 2023, that Mr. Pereira continued to rate Western Energy "hold." In the second item, Mr. Pereira reaffirmed his "positive view" for the oil field service sector, even though the year may have some challenges "given volatility in commodity prices and capital markets." The shares could then be had for $3.40 and $2.48.