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Lycos Energy Inc V.LCX

Alternate Symbol(s):  LCXEF

Energy Oil & Gas E&P
Lycos Energy Inc. is an oil-focused, exploration, development and production company based in Calgary, Alberta. The Company is engaged in the exploration for and development of petroleum and natural gas production in western Canada. The Company is engaged in operating heavy-oil, development assets in the Lloydminster, Greater Lloydminster area and Gull Lake, Saskatchewan. The Company also owns approximately 12,335 net acres of Wyatt land, including over 20 net drilling locations, which has a production of about 400 barrels of oil equivalent per day (boe/d). Its acquisition focus is primarily in the Lloydminster area. In addition, the Company retains low-decline, long-life producing assets in the Gull Lake / Swift Current area in Southwest Saskatchewan.


TSXV:LCX - Post by User

Lycos Energy Inc > Stockchase Insights
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Post by retiredcfon Aug 30, 2024 9:50am
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Post# 36202633

Stockchase Insights

Stockchase Insights
BUY
Lycos Energy(LCX-X)
26/08/2024
 
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
Bloomberg was not showing any quarterly estimates here. Revenue more than doubled to $35.6M. Per share cash flow nearly doubled, to 33c from 17c. Capex rose 79% to $21.2M. Production rose 60% and things are proceeding very well on the operational front. An active drilling program is planned for the second half of the year. The balance sheet is strong and solid growth is expected over the next two years. Things look fine here to us.
 
Energy
$3.180
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