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ATCO-D

ATCO Ltd., Akita Drilling Ltd., AltaGas Ltd., Altius Minerals Corporation, Cascadia Minerals Ltd., Condor Energies Inc., Coelacanth Energy Inc., Canadian Utilities Limited, First Atlantic Nickel Corp., Frontera Energy Corporation, GFM Resources Limited, High Tide Resources Corp., International Petroleum Corporation, Tidewater Renewables Ltd., and Lycos Energy Inc. all reached new 52-week highs. Notably, ATCO and Canadian Utilities announced board changes, while Lycos completed a strategic business combination. AltaGas is set to release Q1 2026 results soon.

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Tidewater

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Lycos, Tidewater, AltaGas at 52-Week Highs on News

NINE

National Bank Financial has raised its price target for Lycos Energy (CVE:LCX) from C$0.70 to C$2.50, maintaining a "sector perform" rating. This new target suggests a potential upside of 32.98% from the previous close. Additionally, Haywood Securities upgraded Lycos Energy from a "hold" to a "buy" rating, lowering their price target from C$1.50 to C$0.65. Currently, Lycos Energy holds an average rating of "Moderate Buy" with a consensus target price of C$1.73.

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National Bank Financial Boosts Lycos Energy (CVE:LCX) Price Target to C$2.50

NUAIW

Lycos Energy Expands Heavy Oil Platform with Mahikan Deal and $30 Million Equity Raise

Tip Ranks

NEW ERA ENERGY & DIGITAL INC. C/WTS 06/12/2029(TO PR COM)

Lycos Energy Expands Heavy Oil Platform with Mahikan Deal and $30 Million Equity Raise

Lycos Energy (CVE:LCX) shares rose 12.7% to C$1.60, with trading volume increasing by 49%. Haywood Securities upgraded the stock from "hold" to "buy" but lowered the price target from C$1.50 to C$0.65. Analysts rate the stock as a "Moderate Buy" with an average target of C$1.60. The company focuses on petroleum and natural gas production in Western Canada, with a market cap of C$83.05 million and a P/E ratio of -1.31.

Lycos Energy (CVE:LCX) Trading 12.7% Higher   - Still a Buy?

Lycos Energy Inc. has announced its acquisition of Mahikan Oil Corporation in an all-share deal valued at approximately $49.7 million, including assumed debt. Mahikan will operate as a wholly owned subsidiary, enhancing Lycos's heavy oil resource base with significant drilling opportunities. The deal includes a private placement equity financing aiming to raise $30 million. Leadership will remain with Lycos's current president, while Mahikan executives will take on senior roles. The transaction is designed to align interests of management and investors, with a focus on long-term development.

Helix Energy Solutions

Lycos Energy to Acquire Mahikan Oil in All-Share Deal and Raise $30 Million

LBSR

Libra Energy Materials Inc. has appointed Stefano Somma, Néstor Álvarez, and Jordan Quinn to its Advisory Board. Somma, CEO of 10 Bagger Stocks Corporation, will provide strategic guidance in marketing and investor communications. Álvarez, a geologist with over 35 years of experience, will advise on exploration and resource development. Quinn, Director of Exploration at Nemo Resource Group, brings expertise in project acquisition and technical operations. Libra focuses on critical minerals for the green energy transition, with multiple projects in Canada and Brazil.

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Libra Announces New Appointments to Advisory Board | LIBRF Stock News

Lafayette Energy(LEC.US)

Lycos, Tidewater, AltaGas at 52-Week Highs on News

National Bank Financial Boosts Lycos Energy (CVE:LCX) Price Target to C$2.50

Lycos Energy Expands Heavy Oil Platform with Mahikan Deal and $30 Million Equity Raise

Lycos Energy (CVE:LCX) Trading 12.7% Higher - Still a Buy?

Lycos Energy to Acquire Mahikan Oil in All-Share Deal and Raise $30 Million

Libra Announces New Appointments to Advisory Board | LIBRF Stock News