Lycos Energy Inc
LCX.V
Toronto Stock Exchange Ventures1.85
CAD
+0.01
- -
ISIN
CA55082H2063
CUSIP
55082H206
Return %
Stock
S&P500
1Y
52.89
16.05
3Y
-52.44
77.49
5Y
-53.75
72.82
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- David J. Burton
- Full Time Employees
- 20
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Centennial Place - East Tower Calgary AB Canada T2P 0R3
- IPO Date
- Feb 28, 2023
- Website
- lycosenergy.com
- Similar Companies
- Business
- Lycos Energy Inc. is an exploration, development and production company focused on oil-weighted assets, with operations concentrated in Alberta and Saskatchewan and headquarters in Calgary, Alberta. Founded in 2022, the company seeks to acquire, develop and optimize overlooked heavy oil properties using multi-lateral drilling and redevelopment techniques, with a return-of-capital strategy and a portfolio centered on production growth and capital-efficient development. Its core products and services comprise crude oil and associated hydrocarbon production; asset acquisition and consolidation; horizontal and multi-lateral drilling; well optimization, reactivation and waterflood development; infrastructure and facility expansion; and reserve and land-base development across its operating areas. Lycos operates through a series of core assets and development projects in the Lloydminster, Frog Lake, Wildmere, Swimming, Baldwinton and Greater Provost areas, targeting Mannville-related formations and other heavy oil reservoirs. In March 2026, Lycos closed a strategic business combination with Mahikan Oil Corporation in an all-share transaction and concurrent equity financing, expanding its asset base and ownership structure. In July 2026, the company announced a C$70.0 million acquisition of high-netback Sparky waterflood assets in the Greater Provost area, funded through a C$30.0 million bought-deal equity financing and an expanded C$75.0 million credit facility; the transaction closed on August 6, 2026. The company subsequently reported second-quarter 2026 results and an operations update, including increased production guidance and ongoing development activity, reflecting continued organic growth and acquisition-led expansion.