The Globe and Mail reports in its Thursday, Aug. 7, edition that Ventum Capital Markets analyst Adam Gill commenced coverage of Coelacanth Energy, a Montney-focused oil and natural gas exploration and development company based in Calgary, with a "buy" recommendation and $1.15 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.51. Mr. Gill says in a note: "The company is in the initial innings of a large-scale Montney oil growth opportunity, just adjacent to the Heritage project the management team developed under the Leucrotta brand before selling the asset to Vermilion Energy in 2021. While the current valuation is high given the production growth ramp-ups for only the second half of 2025, the production per-share growth and multiple compression into 2027 stand out well ahead of peers. With that, we believe as volumes ramp up in H2/25 and the market receives confirmation of the growth, the stock will rerate to provide better value to its longer-term potential."