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Samoth Oilfield ( (TSE:LCX) ) has provided an announcement.
Lycos Energy Inc. has completed the sale of certain assets in Alberta for $60 million, with plans to use $9 million for debt repayment and return approximately $47.9 million to shareholders as a return of capital. The company is also reviewing its development plans for the remainder of 2025 and into 2026, with further updates expected by November 18, 2025.
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 exploration, development, and production company based in Calgary, Alberta. It operates high-quality, heavy-oil development assets in Central Alberta.
Average Trading Volume: 79,885
Technical Sentiment Signal: Sell
Current Market Cap: C$71.34M
For a thorough assessment of LCX stock, go to TipRanks’ Stock Analysis page.