The Globe and Mail reports in its Wednesday, Sept. 9, edition that TD Cowen analyst Aaron Bilkoski rates Coelacanth Energy "hold" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bilkoski set a share target of 80 cents. Analysts on average target the shares at $1.25. Mr. Bilkoski says in a note: "Coelacanth owns a high-quality Montney asset with a credible path to approximately 26 mBOE/d [thousand barrels of oil equivalent per day] by 2031. However, at the current share price of 69 cents, investors are already crediting the company for the majority (approximately 85 per cent) of that success despite comparatively limited well data across its acreage and meaningful execution risk." Mr. Bilkoski thinks Coelacanth's large, liquids-weighted position makes it a "compelling Montney company with a disproportionately large asset" that has the potential to grow production by nearly four times its current levels. Mr. Bilkoski adds: "Relative to other producers in the oil window of the Montney, Coelacanth's land position is competitive in size with peers. That said, it stands out for its scale relative to the company's current production base. Early well results have been encouraging."