Logan Energy Completes Pouce Coupe Facility and Sells Interest to Topaz Energy

The latest announcement is out from Logan Energy Corp ( (TSE:LGN) ).

Logan Energy Corp has completed the construction and commissioning of its Pouce Coupe Facility, which includes a gas plant, compressor station, and oil battery, along with associated pipelines. The company also finalized the sale of a 35% non-operated working interest in the facility to Topaz Energy Corp for $26 million, using the proceeds to reduce bank debt. This commissioning marks a significant milestone for Logan, enabling a substantial increase in production from its Pouce Coupe property, with expectations to more than double output by the second half of 2025, thus strengthening its position in the industry.

The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.85 price target. To see the full list of analyst forecasts on Logan Energy Corp stock, see the TSE:LGN Stock Forecast page.

Spark’s Take on TSE:LGN Stock

According to Spark, TipRanks’ AI Analyst, TSE:LGN is a Neutral.

Logan Energy Corp’s overall score reflects strong corporate events and revenue recovery but is weighed down by valuation concerns and financial performance issues, particularly in profitability and cash flow.

To see Spark’s full report on TSE:LGN stock, click here.

More about Logan Energy Corp

Logan Energy Corp is a growth-oriented exploration, development, and production company formed from the spin-out of Spartan Delta Corp’s early-stage Montney assets. The company operates in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia, with a recent expansion into the Kaybob Duvernay oil play. Logan is backed by strong initial capitalization and led by a management team with a proven track record of generating excess returns.

Average Trading Volume: 229,297

Technical Sentiment Signal: Sell

Current Market Cap: C$352.5M

For detailed information about LGN stock, go to TipRanks’ Stock Analysis page.