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Samoth Oilfield ( (TSE:LCX) ) has shared an update.
Lycos Energy Inc. has announced a special cash distribution to its shareholders following a resolution approved at a special meeting. The company plans to distribute $0.90 per common share, designated as a return of capital for Canadian tax purposes, with the payment set for November 28, 2025. This move is significant due to the distribution’s size relative to the trading price of the shares, necessitating due bill trading procedures on the TSX Venture Exchange. This distribution reflects Lycos’s strategic financial management and could impact shareholder value and market perception.
The most recent analyst rating on (TSE:LCX) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Samoth Oilfield stock, see the TSE:LCX Stock Forecast page.
More about Samoth Oilfield
Lycos Energy Inc. is an oil-focused company based in Calgary, Alberta, specializing in the exploration, development, and production of high-quality heavy-oil assets in Central Alberta.
Average Trading Volume: 136,897
Technical Sentiment Signal: Sell
Current Market Cap: C$75.07M
Find detailed analytics on LCX stock on TipRanks’ Stock Analysis page.