29 Oct 2021 11:52 ET
11:52 AM EDT, 10/29/2021 (MT Newswires) -- RBC Capital Markets on Friday reiterated its sector-perform rating on the shares of Advantage Energy (AAV.TO) after the Western Canadian oil and gas producer reported better than expected third-quarter results. "AAV delivered a strong quarter which featured cash flow & production ahead of the Street estimates, highlighted by 3 of Advantage's 4 best Glacier pads drilled in the last 18 months," the investment noted. "AAV continues to balance strong project economics (well payouts under 7 months) and its strategy of moderate (~10%) production growth and balance sheet fortification, as the focus shifts to a formal 2022 outlook (expected by YE) and Entropy financing update." |