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Samoth Oilfield ( (TSE:LCX) ) has issued an update.
Lycos Energy Inc., a company engaged in the petroleum and natural gas industry, reported a significant decline in its financial performance for the second quarter of 2025. The company experienced a 35% decrease in petroleum and natural gas sales and a 47% drop in adjusted funds flow from operations compared to the same period in 2024. Lycos completed the sale of non-core assets in Alberta and Saskatchewan, which helped reduce its net operating expenses and decommissioning liabilities. Despite these efforts, the company reported a substantial net loss due to non-cash impairments and losses on disposals.
The most recent analyst rating on (TSE:LCX) stock is a Buy with a C$2.50 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
Average Trading Volume: 36,992
Technical Sentiment Signal: Sell
Current Market Cap: C$67.61M
For a thorough assessment of LCX stock, go to TipRanks’ Stock Analysis page.