Comment by
RainRyder on Jan 10, 2012 1:42am
Michelle O'Grady just took 33,000 options and cashed them in. https://www.canadianinsider.com/node/7?menu_tickersearch=AVF+%7C+AvenEx+Energy
Comment by
phaseshifter on Jan 10, 2012 2:19am
So What ?? How is this material ?
Comment by
billfox54 on Jan 11, 2012 1:26pm
Hmm. 74% of cash flow from oil and gas, and 57% of that from natgas, and their awesome hedging program ran out at the end of the year. I've been long AVF for quite a while, but I now have a small short position. Good luck. Billfox
Comment by
phaseshifter on Jan 11, 2012 2:27pm
I think you may be better off shorting an overpriced oil / gas stock. Avenex will have higher oil production which will offset nat gas side. Most if not all their spending is on the oil side. Good luck to you :)
Comment by
billfox54 on Jan 11, 2012 2:38pm
Their stated target with oil exploration is to bring their oil/gas ratio to even. Their Q4 numbers should still look ok; my concern begins with Q1 this year. Not that I'll be short long. I don't have the disposition for it. Good luck. Billfox