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Research Alert: Arx Maintained Hold Following Shell Acquisition Announcement: Tp Cad33

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain ARX at Hold and increase the target price to CAD33, which is generated from a 5.2x EBITDA multiple applied to our FY 27 EBITDA projection and matches the announced Shell acquisition price. At this time we do not foresee any issues with closing and do not discount the deal price. We adjusted our EPS estimate for FY 26 to CAD3.10 from CAD2.48 and increase FY 27 to CAD2.93 from CAD2.75. Fundamentals in Q1 were strong, with production of 418,522 boe/day, up 12% Y/Y and 16% on a per share basis. FFO increased to CAD967M, or CAD1.70 per share, up 17% per share from Q1 2025, supported by higher volumes and strong natural gas pricing that realized CAD4.51/Mcf.

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Research Alert: CFRA Maintains Sell Opinion On Shares Of Extra Space Storage

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Enduro Metals Upsizes a Private Placement of Share Units to $7.8 Million

Enduro Metals (ENDR.V) on Thursday said it is upsizing a "best efforts" private placement to $7.8 million from $5 million.The offering will now consist of the sale of 9.4-million non-flow-through units (NFT units) priced at $0.16 each and made up of a share and one half of a three-year warrant to buy a share for $0.24.It will also place up to 28.6-million charity flow-through units for $0.22 each and made up of a tax-advantaged share and one half of a warrant with the same terms.The company will concurrently place up to 6.6-million NFT units at $0.16 apiece for up to $1.1 million on a private placement basis "pursuant to other applicable exemptions from the prospectus requirements under Canadian securities laws".Proceeds from the sale of NFT units and the concurrent private placement will be used for exploration and development at its mineral projects and for working capital and general corporate needs.Shares of the company were last seen down $0.01 at $0.165 on the TSX Venture Exchange.Price: $0.17, Change: $-0.01, Percent Change: -5.71%

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