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An update from Coelacanth Energy, Inc. ( (TSE:CEI) ) is now available.
Coelacanth Energy Inc. has announced an increase in its bank credit facility from $52 million to $80 million, which will partially fund its fall drilling program. The company is currently drilling additional wells in the Lower Montney, with expectations of increased production by early 2026. Coelacanth’s strategic focus on developing its Montney resource is expected to boost its production to over 10,000 boe/d by February 2026, enhancing its market position and operational capacity.
The most recent analyst rating on (TSE:CEI) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Coelacanth Energy, Inc. stock, see the TSE:CEI Stock Forecast page.
Spark’s Take on TSE:CEI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CEI is a Neutral.
Coelacanth Energy, Inc. faces significant challenges with profitability and cash flow, despite revenue growth. The technical indicators suggest a bearish trend, and the negative P/E ratio highlights valuation concerns. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:CEI stock, click here.
More about Coelacanth Energy, Inc.
Coelacanth Energy Inc. operates in the oil and gas industry, focusing on the exploration and production of natural gas and light oil. The company is actively engaged in the development of its Montney resource in northeast British Columbia, leveraging its significant land holdings to enhance production capabilities.
Average Trading Volume: 67,786
Technical Sentiment Signal: Sell
Current Market Cap: C$421M
For a thorough assessment of CEI stock, go to TipRanks’ Stock Analysis page.