The Globe and Mail reports in its Thursday, July 20, edition that Scotia Capital analyst Cameron Bean started coverage on Logan Energy with a "sector outperform" ranking. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bean set a share target of $1.65. Mr. Bean is the lone analyst on the Street covering the stock. Mr. Bean says in a note: "Logan is a Canadian-listed small cap oil and gas producer led by key former team members of Spartan Delta, from which Logan was spun out. The company is advancing an oil- and liquids-focused production growth and asset advancement strategy reminiscent of the classic junior exploration and production (E&P) model (high growth through outspending cash flow). We believe Logan is well positioned to pursue this strategy and create value for investors. ... We believe the company's plan to advance and grow its underappreciated Montney asset base is well timed and could yield strong returns for investors. We expect consolidation to continue in the Montney and expect asset valuations to increase as long-term players and recent entrants (including three notable new entrants in the last 16 months) compete for a diminishing pool of available assets."