Logan Energy Corp
1.29
CAD
-0.02
(-1.53%)
Logan Energy Corp
NEO:LGN
(Cboe Canada)
Recent
price
1.29
P/E
ratio
13.25
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Logan Energy Corp. (TSXV: LGN) is a growth-oriented Canadian exploration, development and production company focused on crude oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in high-quality Montney assets in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia; it also maintains positions in the greater Kaybob Duvernay oil play, including North Simonette, Ante Creek and Two Creeks areas in Alberta. Logan Energy derives its production primarily from light oil, condensate, natural gas liquids and natural gas across these core plays, emphasizing repeatable drilling inventory, infrastructure development and liquids-rich growth opportunities. Founded in 2023 through the spin-out of early-stage Montney assets from Spartan Delta Corp. and formerly known as 2499938 Alberta Ltd., Logan Energy is headquartered in Calgary, Alberta. The company targets compounded annual production growth of 40-50% through organic development, cost discipline and efficient capital allocation, with a focus on accretive inventory in the gas condensate to light oil windows. In late 2024, Logan Energy announced a strategic Montney asset acquisition from a subsidiary of Gran Tierra Energy Inc., augmenting its inventory and supporting pro forma production guidance of 24,000 to 27,000 BOE per day by 2028; the deal included a $35 million bought deal equity offering led by National Bank Financial Inc. and Eight Capital. Recent operational advancements encompass the commissioning of the Pouce Coupe facility in May 2025, the closing of a related facility interest sale, upsized credit facilities, and an expanded 2025 capital budget of $195 million directed toward accelerated development at Pouce Coupe and Simonette, Duvernay progression and infrastructure investments. As of Q3 2025, Logan reported record production and cash flow, with net debt of $101.7 million.