The Globe and Mail reports in its Tuesday, May 12, edition that RBC Capital Markets analyst Greg Pardy continues to rate Cardinal Energy "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Pardy boosted his share target by a loonie to $14, matching the consensus. Mr. Pardy says in a note: "Cardinal's operating momentum in the first quarter was on display as the company's inaugural Reford 1 SAGD project punched above its weight at 6,700+ bbl/d. The company announced plans to raise its capital program by $45-million (excluding ARO) this year with increased investment aimed at its conventional portfolio which has been harvested in recent years to fund Reford 1." The Globe reported on Sept. 18, 2024, that Mr. Pardy rated Cardinal Energy "sector perform." The shares could then be had for $6.38. The Globe reported on March 31, 2026, that Raymond James analysts had upgraded Cardinal Energy to "outperform" from "market perform." The shares could then be had for $11.37. The Globe reported on April 8, 2026, that BMO Capital Markets analyst Tariq Saad had elevated his recommendation for Cardinal Energy to "outperform" from "market perform." The shares were then worth $11.02.