The Globe and Mail reports in its Thursday, Aug. 3, edition that Eight Capital analyst Phil Skolnick rates Logan Energy "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Skolnick, who is the lone analyst covering the stock, set a share target of $2.20, which represents a 203-per-cent upside to Tuesday's closing price of $108. The Globe says Mr. Skolnick sees Logan Energy as "a highly differentiated company by virtue of its ability to generate significant growth and get rewarded for it." Mr. Skolnick says in a note: "The company is targeting organic growth of over four times to about 20 MBOE/d [thousand barrels of oil equivalent per day] in less than five years. The key is that there has been little to no capital deployed on Logan's asset base as SDE was largely focused on the development of its oil-weighted Montney assets. We estimate that Logan has the inventory and wherewithal to generate 40- tp 50-per-cent average annual production growth with liquids weighting to grow from the current 24 per cent. ... We see upside potential in the guidance as LGN is not accounting for improvements from more modern drilling & completion techniques."