Advantage Energy Ltd T.AAV

Alternate Symbol(s): AAVVF

Energy Oil & Gas E&P

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.

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Advantage Energy Ltd > Dutch Auction

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Post by retiredcfon Dec 11, 2022 12:46pm

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Post# 35164722

Dutch Auction

(Paraphrased) $11.20 was the low price in the range for the current dutch auction underway at Advantage Energy. But with the share price currently below this level, would you tender your shares to this offer?

It is fairly rare to see a share price below the low of a Dutch auction which means that the auction will likely be successful very close to the low end of the range. That said, we would not be inclined to tender because AAV has a very solid balance sheet, good growth expectations, and a very low valuation. Also the auction will result in less shares outstanding so per-share leverage will increase. Again, given its valuation and sector outlook, we think AAV is a keeper. (5iResearch)

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