The Globe and Mail reports in its Tuesday, Nov. 11, edition that Desjardins analyst Chris MacCulloch commenced coverage of Calgary-based Rockpoint Gas Storage with a "buy" recommendation. The Globe's David Leeder writes that Mr. MacCulloch set a share target of $34. Analysts on average target the shares at $31.50. Mr. MacCulloch says in a note: "We view natural gas storage as a critical component of North American energy infrastructure that has been overlooked. ... The business fundamentals are bullish given buoyant natural gas demand and structural capacity constraints, particularly in Rockpoint's two core operating areas of California and Alberta, which should provide continued tailwinds to storage contract rate." Mr. MacCulloch notes that Rockpoint is "uniquely positioned" as the only publicly listed independent storage operator in North America, "where natural gas supply and demand growth has significantly outpaced capacity in recent decades." Mr. MacCulloch adds, "We expect Rockpoint's valuation to converge with its peers as Brookfield's ownership position gradually unwinds and investors gain greater appreciation for the strategic importance of natural gas storage infrastructure in the North American energy market."