The Globe and Mail reports in its Wednesday edition that Stifel analyst Michael Dunn continues to rate PrairieSky Royalty "buy." The Globe's David Leeder writes that Mr. Dunn boosted his share target to $30 from $27. Analysts on average target the shares at $28.44. Mr. Dunn says in a note: "Overall we expect a neutral reaction. PrairieSky reported FFO of 35 cents per share in line with consensus and slightly behind Stifel's 36 cents per share estimate. Total production of 26,027 boe/d beat consensus by 1.9 per cent, as oil volumes grew another 2.3 per cent quarter-over-quarter while gas volumes were up 2.8 per cent q/q. Oil well spuds were down 21 per cent year-over-year, as Clearwater drilling was down but is expected to pick up. PrairieSky spent $8.8-million to acquire GORRs on Mannville light and heavy oil lands, and entered 50 new leasing arrangements targeting Mannville and Duvernay oil in the quarter. We suspect 2Q24 Street estimates for oil production will get tempered somewhat given the recent outage of a gas plant impacting PrairieSky's royalty production in the Clearwater. That said, we see no reason to diverge from our prior view that consensus estimates for oil production in 2025 look too low."