Logan Energy (LGN) closed up 12% today on rumours the company is exploring a sale, which would put ~17 kboe/d of Montney-focused production on the table…

… with plans to nearly double that figure primarily through expansion at its Simonette asset, supported by current balance sheet capacity…

… and operational improvements that have driven netback margins higher over time.

With LGN’s primary growth asset situated near ARC Resources (now owned by Shell), we wouldn’t be surprised to see Shell take a swing - though other players like Ovintiv and Cenovus are nearby too. Let’s see how it plays out.

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