The Globe and Mail reports in its Thursday, Sept. 24, edition that RBC analyst Michael Harvey commenced coverage on Coelacanth Energy with a "sector perform" rating and an 80-cent share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.10. Mr. Harvey calls the Calgary-based Montney-focused oil and natural gas exploration and development company "unique" with "plenty of run room." He says in a note: "Coelacanth's portfolio encompasses current production of 8,000 boe/d with a clear growth runway anchored within its core property in Two Rivers; located in NEBC. The core property totals 150 sections of lightly explored Montney lands, with a liquids-rich production profile. Liquids are largely light oil with minimal condensate or NGLs. Amid growth rates of 20 per cent annually the name of the game is derisking the land base over the coming years to get a better understanding of geology and long term value. ... We remain cautious on the outlook for a sustained Western Canadian natural gas recovery given limited incremental egress capacity through the end of the decade combined with ample supplies. Strategic value is clear -- timing is the question."