CA - Logan Energy: Experienced Management Is The Big Advantage

2024-03-17 02:25:02 ET

Summary

• Logan Energy was spun off from Spartan Delta and will have a management team with a strong track record.
• The company raised a significant amount of cash to more than double its production from the initial production to the end of fiscal year 2024.
• The management's experience and success in the industry make Logan Energy a legitimate speculation opportunity at its current price.
• The company has a large more than C$100 million budget to carry out its guidance.
• The initial income statements (or really any statements) may not mean much until management gets the company "up and running" normally.

I had previously discussed how Logan Energy (LOECF) was going to be spun off from Spartan Delta (DALXF) to be its own company. Logan is going to begin with a management that has long brought value to shareholders in the past. That is a huge advantage that is rarely seen in lower-priced stocks. Additionally, this small company raised a lot of cash to more than double the initial production by the end of fiscal year 2024. Time will tell how that works. But this company is that legitimate speculation in a sea of pretenders at the current price....

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