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Advantage Energy Ltd T.AAV.DB


Primary Symbol: T.AAV Alternate Symbol(s):  AAVVF

Advantage Energy Ltd. is a Canada-based energy producer. The Company is focused on development and delineation of its world class Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla and Progress, Alberta. Its Montney assets are located from approximately four to 80 kilometers (km)northwest of the city of Grande Prairie, Alberta. The Company land holdings consist of approximately 224 net sections (143,360 net acres) of liquids rich Montney lands at Glacier, Valhalla, Progress and Pipestone/Wembley. It also holds 163 net sections of Charlie Lake.


TSX:AAV - Post by User

Comment by energeeon Jun 20, 2023 12:52pm
143 Views
Post# 35505538

RE:New Press Release - Advantage Announces Operational Update

RE:New Press Release - Advantage Announces Operational UpdateVery good operations story. 

BOD seems to be focused solely on share buybacks vs dividends which I question.  They are limiting their shareholder base with this strategy. The last dutch auction share buyback at $11 CDN share was clearly a mistake in retrospect. I would not expect them to try that again. 

On the other hand, BIR who has adjacent similar properties, has gone all in on their Div plan, which I also question.  All comes down to commodity prices, hedging strategy and market access (T service) for their production.

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