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Logan Energy Corp V.LGN

Alternate Symbol(s):  LOECF

Logan Energy Corp. is a Canadian energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties, focused on the Simonette and Pouce Coupe areas of northwest Alberta and in the Flatrock area of northeastern British Columbia, and has recently established a position within the greater Kaybob Duverney oil play with assets in the North Simonette, Ante Creek and Two Creeks areas. The Flatrock asset is an emerging, undeveloped Montney asset for both gas condensate and oil development. High quality subsurface properties underpin this high potential greenfield asset that it will methodically advance towards development. The Pouce Coupe asset is a high-quality Montney asset spanning from the gas condensate to light oil window with repeatable and highly economic inventory. The Simonette asset is an opportunity-rich asset with scale and substantial infrastructure in place.


TSXV:LGN - Post by User

Post by retiredcfon Oct 12, 2023 8:25am
312 Views
Post# 35680160

Stifel Initiate Coverage

Stifel Initiate Coverage

Stifel’s Cody Kwong initiated coverage of Logan Energy Corp. (LGN-X) with a “buy” rating and $1.50 target. The average is $1.61.

“As a part of the successful value maximization exercise at Spartan Delta, the principals have spun out a pure play Montney vehicle dubbed Logan Energy,” said Mr. Kwong. “This screens as a differentiated investment opportunity within our coverage universe given its focus on growth instead of the recently popular return of capital business plans that have emerged over the past few years. Between a hot M&A market within the Montney, Management’s proven track record of being commercial, armed with over $100-million of cash in the bank for organic and inorganic growth, and a brimming catalog of exciting drilling locations, we believe Logan Energy will be a name of focus for both investors and inventory-hungry peers.”

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