Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
LGN.V
HOLDREMOVELogan Energy Corp. · Energy · Canada · $446M · Avg Vol: $316K/d
Logan Energy is a micro-cap energy player that lacks the scale, operational track record, and institutional quality required for our concentrated portfolio. We do not buy speculative micro-caps hoping for a macro rescue.
COMPANY DESCRIPTION
Logan Energy Corp. is an energy company focused on the exploration, development, and production of light oil and natural gas resources in Western Canada, spun out from Spartan Delta Corp. The company holds high-quality, liquids-rich Montney assets with significant drilling inventory and access to existing infrastructure. It is a high-growth, junior oil and gas producer with a concentrated, high-netback asset base in a premier Canadian play.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 93M | 60M | 82M | 128M | 11.3% |
| EPS | 0.09 | -0.08 | 0.01 | 0.04 | -22.0% |
| Shares | 312M | 466M | 596M | 596M | +91.1% |
| Debt | 181,792 | 108,641 | 943,724 | 57M | 580.0% |
| Equity | 69M | 126M | 199M | 230M | 49.2% |
| Op CF | 49M | 17M | 37M | 78M | 17.2% |
| Inv CF | -16M | -49M | -142M | -134M | — |
| Fin CF | -33M | 71M | 67M | 55M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of LGN.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| LGN.V | Logan Energy Corp.(you) | $446M | 48 | HOLD |
| SNM.ST | ShaMaran Petroleum Corp. | $434M | 52 | HOLD |
| IPO.TO | InPlay Oil Corp. | $334M | 39 | HOLD |
| GTE | Gran Tierra Energy Inc. | $284M | 56 | HOLD |
| JOY.TO | Journey Energy Inc. | $275M | 40 | HOLD |
| OBE.TO | Obsidian Energy Ltd. | $743M | 61 | HOLD |
| RECO.V | Reconnaissance Energy Africa Ltd. | $312M | 31 | SELL |
| CJ.TO | Cardinal Energy Ltd. | $1.5B | 48 | HOLD |
| BNE.TO | Bonterra Energy Corp. | $176M | 42 | HOLD |
| BIR.TO | Birchcliff Energy Ltd. | $1.3B | 43 | HOLD |
Peer medians: ROE 3.2% · P/E 26.4x · Gross margin 37.2%