The Globe and Mail reports in its Friday, Oct. 4, edition that National Bank Financial analyst Dan Payne says Logan Energy's recently completed $50-million equity financing should "support accelerated development and new play development in support of a greater depth of shareholder value as reflected by outsized growth." The Globe's David Leeder writes in the Eye On Equities column that Mr. Payne resumed coverage on Logan Energy with an "outperform" recommendation. Mr. Payne has an unchanged $1.50 share target. Analysts on average target the shares at $1.61. He says in a note: "First, we highlight plans toward its accelerated development plan at Pouce Coupe, where the forthcoming investment in a 40 million cubic feet per day gas plant and associated infrastructure (at a cost of $32-million), should facilitate a step-change in production (two times from 3.5 mboe/d [thousand barrels of oil equivalent per day] to 7 mboe/d) through mid-25 upon commissioning and ultimately toward its critical mass of 10 mboe/d. Second, the company unveiled a newly aggregated Duvernay position throughout the greater-Kaybob region, with 140 prospective drilling locations identified across more than 150 sections of land."