The Globe and Mail reports in its Saturday, Feb. 1, edition that Desjardins Securities analysts Justin Bouchard, Chris MacCulloch and Scott Van Bolhuis boosted their oil price deck for 2020 and 2021 on Thursday, expressing concern that the market has been slow to factor in "omnipresent geopolitical risk in the Middle East." The Globe's David Leeder writes in the Eye On Equities column that analysts say in a note: "The new decade started with a major geopolitical disturbance following a series of events in Iraq which pushed the U.S. and Iran to the brink of a direct military conflict. With regard to oil prices, the limp response to the saga represented the third major failed attempt to reintroduce a geopolitical risk premium in response to simmering tensions in the Persian Gulf." The analysts add, "The market will likely need to see the equivalent of 'boots on the ground' at this point to spur a meaningful geopolitical risk premium." The analysts maintain Whitecap Resources ($4.82) at "buy," while elevating their share target to $7 from $6. Analysts on average target the shares at $7.04. The Globe reported on Dec. 3, 2019, that Mr. Van Bolhuis kept Whitecap at "buy," when the shares could be had for $4.10.