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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

Comment by walythewalruson Dec 16, 2022 11:17am
136 Views
Post# 35175782

RE:Share buyback program

RE:Share buyback programthe 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 the SIB price minus 2.67 (Paid up capital) so it would be like an 8 or 9 dollar dividend which would be terrible for tax purposes compared to just selling for a capital gain.

SIBs are good to take out large funds that want out without dumping the share price, along with getting around the 10% NCIB cap.
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