RE:Natural Gas is immune . We are on sale now Totally agree. They are a CDN low cost dry gas producer who owns facilities and has secured pipe access. Need to manage the balance sheet now.
AAV needs to back off spending on their Progress and Pipestone blocks, the liquids are far less economic until the price returns. If they have contracted a rig, let it go, spring break-up is coming anyways.
Two Progress wells licenced on March 6, 2020 here.
AVN HZ PROGRESS 9-3-77-9 0497839 ALBERTA CROWN 898.6M 100/09-03-077-09W6/00 S 687.0M E 13.3M GRANDE PRAIRIE 5200.0M DEV (C) VALHALLA MONTNEY FM HORIZONTAL NEW PRODUCTION GAS ADVANTAGE OIL & GAS LTD. 12-04-077-09W6 AVN 102 HZ PROGRESS 9-3-77-9 0497840 ALBERTA CROWN 898.2M 102/09-03-077-09W6/00 S 667.0M E 13.5M GRANDE PRAIRIE 5200.0M DEV (C) VALHALLA MONTNEY FM HORIZONTAL NEW PRODUCTION GAS ADVANTAGE OIL & GAS LTD. 12-04-077-09W6
Look at SWN on NYSE, the biggest green on my screen. Almost a double in a week.