Mapmaker When you were looking for the ANS highs were you using a Line chart ? If you were that is why you did not see the high. Candle chart on a weekly time frame will show the high average for the week I stated.
I think RBC or any other analyst always converge on the safe side. They always lean to the side of caution protecting their credibility. It is their pay cheque. If they always shoot for a safe target. Even if it is under where price ends up they can still claim it hit the mark they suggested. I used to pay attention to them. Realizing 90 % of the analysts have never been in or even connected to the business they are commenting on. And that most are nothing more than paid lip service. I don't pay much attention any more.
An example of what I have just said: Look at PGH Pengrowth Energy. It has been placed in the RBC Monthly Income Fund, It is also in the RBC Dividend Fund by their Fund managers. Now go to More Research on the left bottom Quotes page and read an analysts report. Here are a couple of Exerpts.
" Even with its recent acquisition of NAL Energy, we think the firm holds a portfolio of mostly mediocre assets and has a vague strategy for building shareholder value. With the exception of the Lindbergh heavy oil project, we remain skeptical regarding the company's growth prospects during the next few years."
"Pengrowth's second light oil focus is in the Olds region, targeting the Cardium and Viking trends. The formations are stacked, which provides increased production growth opportunity per section of land, but the economics appear comparatively unattractive. The firm quotes finding and discovery costs of CAD 29 per barrel for Cardium wells and CAD 18 per barrel for Viking wells--higher than other Cardium region producers. We think costs for these wells look reasonable compared with figures cited by other Cardium producers, which suggests the resource itself is of marginal quality."
Hope you see what I mean. What it says is Rely on your OWN DD