The Globe and Mail reports in its Thursday, April 2, edition that National Bank Financial analyst Dan Payne considers Lycos Energy's $49.7-million merger with Mahikan Oil as "transformational" because it enhances its land and inventory prospects in the Mannville stack in Eastern Alberta and Western Saskatchewan, offering "exposure to a meaningful opportunity for scalable production and cash flow growth through large oil in place resources." The Globe's David Leeder writes that Mr. Payne continues to rate Lycos "sector perform." Mr. Payne's share target soared $1.80 to $2.50. Analysts on average target the shares at $1.20. Mr. Payne resumed coverage on Lycos following the close of the deal with Mahikan. Mr. Payne says in a note: "The company is reseeded with refreshed assets, capitalization and team, with a meaningful opportunity for future value creation through revived organic development (optimized execution) and continued proactivity of transactional expansion (with support of its premium cost of capital). Lycos is poised for a 42-per-cent return profile (vs. peers 6 per cent), while trading at a 4.7 times 2027 estimated EV/DACF (vs. peers 4.9 times), on leverage of negative 0.1 times (vs. peers one times)."