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Advantage Energy Ltd 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. The Company’s Montney assets are located from approximately 4-80 kilometers (km) northwest of the city of Grande Prairie, Alberta. Its land holdings consist of 228 net sections (145,920 net acres) of liquids-rich Montney lands at Glacier, Valhalla, Progress and Pipestone/Wembley.


TSX:AAV - Post by User

Post by retiredcfon Jul 22, 2022 10:48am
113 Views
Post# 34843026

TD Notes

TD Notes

The Gas Line

Weekly Gas Charts

Lower-Than-Expected Inventory Build. This morning, we saw the inventory build come in below expectations (32 Bcf injection versus consensus of a 44 Bcf injection). We still have not seen any material natural gas supply additions in the U.S. (up 3% y/y) while total U.S. demand remains strong (up 11% y/y) with electric power gen surging 21% above this time last year and 17% above the five-year average.

Quick Summary: Gas inventories increased 32 Bcf w/w, below the consensus expectation for a 44 Bcf injection and below the five-year average of 47 Bcf. Storage is 12% below the five-year average and 10% below year-ago levels. U.S. storage levels in days remain tight when compared with domestic/foreign demand (21% below normal levels as measured in days of supply, Exhibit 3). On this metric, we are still charting record-lows for this time of the year. Expectations for next week are for an injection of 10-30 Bcf, which compares with the five-year average injection of 32 Bcf.

 
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