Lycos Energy initiated with bullish view at BMO Capital, here’s why

BMO Capital analyst Mike Murphy initiated coverage of Lycos Energy with an Outperform rating and C$5.50 price target. As the only public company with pure play exposure to the emerging Mannville multi-lateral heavy oil play, Lycos is well positioned to deliver 50% annual production growth over the next three years at top tier capital efficiencies, the analyst tells investors in a research note.