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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 Margin321on Jan 11, 2023 6:53am
316 Views
Post# 35215126

AVV has fallen out of favor

AVV has fallen out of favorUnwise spending of $100 million to buy back shares at above market was not well received. Spending to same $190 million to fund a stable spall dividend for next 3-5 years would have been well received.

Question now is what they can do to get their mojo back. I suppose it has to start with 4th Q results being very strong. And some further progress at aentropy. And yes, changing gears and accepting that dividend is not a dirty word when there is no debt and excess free cash flow beyond sustaining and growth capital needs. That is a sweet spot to be in, but they are not taking full advantage of it.  Of course the bright spot is that the current plan of using all free cash flow to buy in shares is even more effective if you trash the share price. So there is that. 
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