Bullboard - Stock Discussion Forum 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... see more

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Advantage Energy Ltd > Share buyback program

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Post by robert41 on Dec 16, 2022 10:40am

Share buyback program

As a shareholder this is frustrating their elaborate plan is great for those that tendered their shares but those that didn't are left why aav didn't do what everyone else does and just buyback in the open market. Maybe those that tendered will buy back in at these lower prices....seems like the company made a big mistake here. Wish I had done what they offered...anyone else here frustrated with what is happening. Maybe I'm reading this wrong.

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Comment by OakTreeforest39 on Dec 16, 2022 11:01am

Sure but I'm in Aav for entropy

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Comment by robert41 on Dec 16, 2022 11:08am

Agreed me too. Just frustrated they aren't using our money to buy back at these lower prices

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Comment by walythewalrus on Dec 16, 2022 11:17am

the reason they are doing the SIB is they would exhaust the NCIB before they are able to renew again in April. they will resume NCIB after SIB. Historically shares decline after an SIB so its a good time to then continue to resume the NCIB. Additionally do you hold your shares in a registered accout (RRSP or TFSA)? If not you DO NOT want to participate in SIB because itll be a deemed dividend of ...more

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Comment by robert41 on Dec 16, 2022 12:44pm

Thx Waly yah mine are in a taxable account thx for your thoughts maybe it's time to add I think we'll be seeing news tonight

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Comment by walythewalrus on Dec 16, 2022 1:06pm

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Comment by RusticHit on Dec 16, 2022 12:46pm

why they buying at 12 when they can buy now at 10 and support the price Doffers

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Comment by robert41 on Dec 16, 2022 12:53pm

Lol come on rusty waly just explained it .... and no one knows what they are paying or how many shares have been submitted we should see a release on that tonight I think.

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Comment by walythewalrus on Dec 16, 2022 1:07pm

There are pros and cons of an SIB vs NCIB. NCIB they would have exhausted before they can renew. yes they are buying at a higher price than currently is, but this allows them to repurchase more than 10% in a single year.

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