Advantage Energy Ltd T.AAV

Alternate Symbol(s): AAVVF | T.AAV.DB

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. Its Montney assets are located from approximately four to 80 kilometers (km)northwest of the city of Grande Prairie, Alberta. The Company land holdings consist of approximately 224 net sections (143,360 net acres) of liquids rich Montney lands at Glacier, Valhalla, Progress and Pipestone/Wembley. It also holds 163 net sections of Charlie Lake.

TSX:AAV - Post by User

Advantage Energy Ltd > From the blogosphere -Eric Nuttall

<< Previous

Bullboard Posts

Next >>

Comment by Maxmoeon Jan 25, 2021 1:45pm

179 Views

Post# 32376943

RE:RE:From the blogosphere -Eric Nuttall

It is mathematically dishonest to use "strip" prices for nat gas, but use $60 WTI with a $10 WCS spread . Of course the oil names will look cheaper when you use 20% higher than reality oil prices. The opposite exercise would be to use "strip" prices for oil and $3.00 Henry hub gas prices. The relative positions on the chart would be inverted. If you are a bull use $60 wti and $3 gas as your forecast. OR use "strip" gas and "strip" oil prices with CURRENT WCS spread. Don't mix apples and oranges to stack the deck.