The Globe and Mail reports in its Tuesday, Jan. 17, edition that Echelon Partners analyst Tom Hems rates Rok Resources "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hems set a share target of 70 cents. Analysts on average target the shares at 85 cents. Mr. Hems says in a note: "While many companies have tempered their growth profiles, Rok is focused on being one of the fastest-growing stories in the Western Canadian sedimentary basin (WCSB) driven by its strong Frobisher and Midale economics. We estimate that 2023 production will almost double, which is the highest in the peer group and well ahead of the 5-per-cent group median. Rok also has a uniquely robust hedging program with 35 per cent of 2023E production protected at more than $85 (U.S.)/bbl WTI. ... We expect that as Rok executes on growth plans and establishes a public market track record, the company will attract a broader investor base and close the valuation gap relative to peers. While our thesis is partially hinged on a multiple expansion, even if the valuation multiple holds flat, we believe there is meaningful share price upside given the growth and FCF profile we forecast through 2024."