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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 energeeon Jul 28, 2022 11:42pm
330 Views
Post# 34859084

Great Quarter

Great Quarter
Great financials, some hedges biting a bit, but generally excellent. 

Given their exceptional financial position and solid natgas assets (drill to fill) they are either ripe for a dividend (share buybacks are good and illustrate their internal perceived value) as they spent $61MM for 6MM shares so about $10 per share). Nice SP base.

Upside is a takeout someday by TOU or CNQ both of which can be stingy but understand you have to pay for good value assets. BIR is of interest too on a merge but asset quality is less.

Should be a $15 stock, IMO.
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