AvenEx Energy Corp AVNDF

3rd QTR. Results

[Al42]

https://www.marketwire.com/press-release/avenex-energy-corp-announces-third-quarter-2011-results-tsx-avf-1586763.htm

[themangokid]

I like.  cashflow up a bit from a per share basis.  production up 30% from comparible Q last year and down a touch from last Q cuz of delays completing and tieing in drilled wells.  hopefully we keep on the upward trajectory.  Gotta find out about their debt but what I have read so far has been pretty good in my estimation.

[gwplant]

Almost forgot they were coming out with the results tonight...Looks fine almost identical to last quarter and overall revenue was up so if production was down it is a good sign for Q4...payout ratio only up slightly due to more shares, otherwise FFO up slightly also so all going well and continue to show that the dividend is solid....let me know if there are any debt issues, I don't think

[themangokid]

debt to cash flow levels seem ok. oil/gas division have undrawn credit facilities (although I have no idea what the details of those credit facilities are).  total indebtedness decreased from q2 around 77 million to q3 around 67 million, so again I'm hoping this is a continued trajectory and we continue to lower our bank debt.

[RIG500]

I like the results, keeping the focus on oil will balance falling NG prices and with the same distribution level in 2012 POR should easily come around 56%, less than the targeted 60% level.