The Globe and Mail reports in its Friday, Jan. 9, edition that National Bank Financial analysts Dan Payne and Travis Wood have reiterated their "outperform" ranking for Tenaz Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne and Mr. Wood's share target soared up $18 to $52. Analysts on average target the shares at $52. The National Bank analysts say in a note: "Don't let the chart convince you that you've missed the trade. The high impact nature of the offshore wells that are to be on stream over the next several months provide impressive multiple compression, offering significant upside to the equity value as these relatively low risk wells produce into the TTF market. Into 2027, we expect capital and costs to compress meaningfully, providing exposure to expansion of both FCF and operating margins. For investors who can find a spot for a small cap, high growth, cheap global gas name, TNZ must find a home in the portfolio." The Globe reported on Oct. 8 that Mr. Wood had reconfirmed his "outperform" recommendation for Tenaz Energy. The shares could then be had for $27.06.