The Globe and Mail reports in its Tuesday, Sept. 19, edition that CIBC World Markets analyst Christopher Thompson rates Logan Energy "outperformer" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Thompson set a share target of $1.50. Analysts on average target the shares at $1.62. Mr. Thompson says in a note: "Logan Energy is a gas-weighted Montney pure-play company offering growth, consolidation, and inventory depth. We believe that management's recent success with Spartan Delta is likely to be repeated with Logan, led by updated well designs at Simonette, unlocking an infrastructure solution to support growth at Pouce Coupe, and derisking well deliverability at Flatrock. Our net asset value (NAV) demonstrates upside to the current share price on what we view as achievable well results and capital costs. The stock trades at a premium valuation of 8.6 times 2024 estimated EV/DACF [enterprise value to debt-adjusted cash flow] on strip versus peers at 4.1 times, which we attribute to management's recent success at Spartan Delta and the upside potential in the business. ... Logan is one of our top picks among natural gas-weighted producers in our coverage universe."