Analyst Jeremy Mccrea from BMO Capital maintained a Buy rating on Logan Energy Corp and keeping the price target at C$1.00.
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Jeremy Mccrea has given his Buy rating due to a combination of factors including Logan Energy Corp’s strong management team with a proven track record in mergers and acquisitions, which is crucial for generating shareholder value. The alignment of interests is evident with insiders holding approximately 20% of the company and a strategic growth target of over 50% annually through M&A activities, making it appealing for growth-focused investors.
Additionally, the company’s operational efficiency is highlighted by the successful commissioning of the 4-19 facility ahead of schedule and at a cost-effective $37 million, demonstrating superior capital efficiency. The robust performance of the Pouce Coupe wells further supports investor confidence, alongside the company’s substantial inventory runway with over 650 Montney and 160 Duvernay locations, ensuring long-term growth potential.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$1.00 price target.