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Coelacanth Energy, Inc. ( (TSE:CEI) ) has shared an announcement.
Coelacanth Energy Inc. has ramped up production to approximately 8,000 boe/d, with an additional 1,600 boe/d temporarily shut in and expected back on stream by the end of April 2026. First-quarter 2026 output is estimated at 6,200 boe/d, an eightfold increase from the same period in 2025, driven by new wells despite delays from higher-than-expected frac flowback water and battery water-handling constraints.
The company’s Montney position includes significant discovered and undiscovered oil and gas in place, and with production now established on a small portion of its land base, Coelacanth plans further step-out and development drilling. Management says recent operations have refined its geological model and operational design, boosting confidence in the undeveloped acreage and setting up drilling and completion work to resume in early summer.
The most recent analyst rating on (TSE:CEI) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Coelacanth Energy, Inc. stock, see the TSE:CEI Stock Forecast page.
Spark’s Take on CEI Stock
According to Spark, TipRanks’ AI Analyst, CEI is a Neutral.
Coelacanth Energy, Inc. exhibits strong revenue growth but is hindered by significant profitability and cash flow challenges, leading to a low financial performance score. The technical analysis suggests a neutral trend with potential for upward movement. However, the negative P/E ratio and lack of dividend yield result in a poor valuation score. These factors collectively contribute to a below-average overall stock score.
To see Spark’s full report on CEI stock, click here.
More about Coelacanth Energy, Inc.
Coelacanth Energy Inc. is a Calgary-based oil and gas producer focused on the Montney formation, where it holds a 150-section contiguous land block. The company targets shale gas, tight oil, and associated natural gas liquids, positioning itself as a growth-oriented player in Western Canada’s unconventional resource sector.
Average Trading Volume: 113,834
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$455M
Learn more about CEI stock on TipRanks’ Stock Analysis page.