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Investing.com - Roth/MKM initiated coverage on Coelacanth Energy Inc (TSXV:CEI) with a Buy rating and set a price target of C$1.05.
The research firm views Coelacanth as an emerging Canadian small-cap exploration and production company focused on the volatile oil window of the Montney formation in northeast British Columbia.
Roth/MKM highlighted the company’s flagship Two Rivers asset as a key driver for significant near-term and long-term growth potential.
The firm noted that the Two Rivers project offers top-tier well economics and substantial undeveloped inventory for future development.
Roth/MKM also pointed to Coelacanth’s experienced management team and supportive shareholder base as additional positive factors supporting its investment thesis.
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