AvenEx Energy Corp AVNDF

SP down by 22 cents

[strzelin]

 I talked  to CFO this afternoon.

Q1report will be release next Friday (after the market close). All is ontrack and there is no material changes in the company operations whichshould effect the share price.

Distribution policy is unchanged and the company is not effected by forest fires in Alberta.

 

He said that this afternoon ITG (American investment dealer) sold on the open market 250,000 shares effecting

share closing price.

 

This make sense since AVF daily trading volume is about 80,000 shares.

Hopefully the AVF share price recover before XDD day.

[gwplant]

Considering the low payout ratio for this company I am not concerned going forward, it is going sideways and that is good for us income investors gives us continuous opportunities to add to our position...not many O&G producers are around the 60% payout ratio....I will take my sustainable div every month and add during times like today, unfortunately I missed it and added some last week at the