Counter Cyclical I bought in this morning, and i look at the low share count, and low debt level, plant ownership, and operationing costs as all reasons to buy.
My only concern really is the low capex, and maybe the company could be more agressive.
My observation is next to their wembley assets people are exploiting 3 zone of the Montney and if they also own the Charlie Lake that is in play as well.
My entry prices was $7.38 which seems like a good entry point.
Plant, Production, Low Debt, and Low share count, and a CCUS project to boot.
What is holding back AAV from getting more agressive at Wembley/Pipestone, that have mountains of FCF, low debt a few more wells would add a lot of oil to their produciton, is this not the time to do this.
Welcome all
IMHO