The Globe and Mail reports in its Wednesday, Sept. 9, edition that ATB Cormark Capital Markets analyst Amir Arif has reiterated his "outperform" recommendation for Saturn Oil & Gas. The Globe's David Leeder writes in the Eye On Equities column that Mr. Arif gave his share target a 50-cent boost to $9. Analysts on average target the shares at $10. Mr. Arif says in a note: "Saturn Oil is up 165 per cent year-to-date relative to the 48-per-cent move in the sector. This move has been driven by its free cash flow generation and debt reduction rather than any multiple expansion with the stock still trading at 2.5 times 2027 estimated strip EV/DACF. In addition to the ongoing free cash flow, we believe there is room for multiple expansion over time as leverage ratios improve, size continues to increase, and as the marketplace better understands the underlying value creation taking place from cost structure improvements following acquisitions as well as from resource delineation/development through open-hole multilateral (OHML) drilling." The Globe reported on Sept. 24, 2024, that Mr. Arif rated Saturn Oil "outperform" in new coverage. The shares could then be had for $2.42.