Logan Energy Sets $140–$150 Million 2026 Budget, Targets 19% Production Growth and Cost Cuts

Logan Energy Corp ( (TSE:LGN) ) just unveiled an announcement.

Logan Energy Corp. has set a 2026 capital budget of $140–$150 million, targeting average production of 15,000–16,000 BOE/d and a roughly 19% year-over-year increase in output, while forecasting a 10% reduction in unit operating and transportation costs versus 2025. The program allocates $105 million to drilling and completions, with a mix of oil- and gas-weighted wells across its Pouce Coupe and Simonette assets, and $40 million to infrastructure and other projects, including a new South Simonette oil battery and compressor station and an expansion of the Pouce Coupe 4-19 gas plant to 50 mmcf/d of compression capacity. Logan’s 2026 guidance assumes a weaker commodity price backdrop but still anticipates an operating netback after hedging of $25.35 per BOE and adjusted funds flow of about $120 million, underpinned by growing liquids weighting in the second half of the year. Operationally, the company has also drilled its first two wells at its high-potential Flatrock Montney play, an efficiency milestone that supports its strategy of extending inventory life, lowering costs and positioning for long-term production growth while keeping capital flexible to commodity price moves.

The most recent analyst rating on (TSE:LGN) stock is a Buy with a C$1.20 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 stock score is driven by strong financial performance, particularly in revenue growth and profitability, despite cash flow challenges. The technical analysis supports a positive trend, with the stock trading above key moving averages. Valuation is fair, though the lack of a dividend yield may deter some investors. The absence of earnings call and corporate events data did not impact the score.

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

More about Logan Energy Corp

Logan Energy Corp. is a Calgary-based oil and gas producer focused on Montney and Deep Basin resource plays in Western Canada, with a portfolio that includes oil- and gas-weighted drilling opportunities at Pouce Coupe and Simonette and emerging Montney potential at its Flatrock asset. The company targets disciplined production growth while maintaining balance sheet strength, leveraging both booked and unbooked inventories and infrastructure expansions to extend inventory life and improve capital efficiencies.

Average Trading Volume: 469,232

Technical Sentiment Signal: Buy

Current Market Cap: C$485.5M

Learn more about LGN stock on TipRanks’ Stock Analysis page.