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Advantage Energy Ltd T.AAV

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

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

Post by pppon Feb 14, 2021 3:08pm
240 Views
Post# 32565352

FF and FCF

FF and FCFHere are some numbers going forward. Q3 these guys did 5.76 a bbl in funds flow. Yes it was a bad quarter no doubt. They also lost money on some hedges. Looks like they are going to lose some more going forward for 21.  Gas prices look like they are up about a dollar, so I would say these guys could do 10 dollars a bbl FF. Don't forget about a 1/3 hedged so no gain. 21 should average 47,000 bbls production so 470000 FF per day. X 365 is 171.55 mil FF. They guided 80 mil to  keep production flat. So 90 to 100 mil FCF.  I do agree this should move to the 5 dollar range. all one has to do is look at 20 year chart to see this has a long way to go. 
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