The Globe and Mail reports in its Friday, Sept. 18, edition that ATB Cormark Capital Markets analyst Amir Arif is keeping his "outperform" call on Surge Energy intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Arif gave his share target a $2 boost to $15. Analysts on average target the shares at $13.13. Mr. Arif says in a note: "We recently met with Surge Energy management for a desk update. The wet weather that extended into the third quarter has caused a slight lag in terms of bringing new wells on-line from its capital program which was expanded with Q2/26 results. While we are lowering our Q3/26 production estimates slightly (approximately 1 per cent), we believe the company remains well positioned to deliver on its full-year guidance (23.375mboe/d) and YE26 guidance (24.0mboe/d). Other key takeaways include an expected pickup in buybacks in the fourth quarter relative to the third quarter, testing a new dual lateral water injection design at Hope Valley to improve oil response, another successful well at its State A multilat play in Saskatchewan, and the use of more three-way hedges to participate in higher WTI prices while still providing downside cash flow protection."