The Globe and Mail reports in its Tuesday, Jan. 21, edition that RBC analyst Michael Harvey expects focal points of the approaching earnings season for Canadian energy exploration and production companies, including growth expectations and return of capital programs, to "likely be overshadowed in the near term by tariff concerns and other global macro risks." The Globe's David Leeder writes that Mr. Harvey is now projecting 6-per-cent year-over-year total production growth for both 2025 and 2026, which he sees leading to cash flows of $16.7-billion and $16.8-billion. He says in a note: "We expect 100 per cent of our coverage universe to grow volumes in 2025/26E based on our current outlook. While AECO gas prices remain very low and we have seen only selective shut-ins to date, we believe this is largely due to the expectation of higher winter pricing (implied by the strip) plus the effect of fairly robust liquids pricing and hedging." Mr. Harvey continues to rate Peyto Exploration & Development "sector perform." He boosted his share target to $18 from $17. Analysts on average target the shares at $18.55. The Globe reported on Nov. 15 that Desjardins had maintained Peyto at "hold" when it was worth $15.51.