Advantage Energy Ltd T.AAV

First Quarter 2022 Financial and Operating Results

[Betteryear2]

(TSX: AAV)

CALGARY, AB, April 28, 2022 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report its first quarter 2022 results including record production, record adjusted funds flow(a) and continued financial and operational discipline.  Profitability increased rapidly as commodity prices increased during the quarter and debt fell significantly below our $200 million target. As a result, Advantage has initiated a return-of-capital strategy whereby all free cash flow (in excess of capital spending and acquisitions) will be allocated to share buybacks, subject to market conditions and regulations.

https://www.newswire.ca/en/releases/archive/April2022/28/c1371.html

[stockstarker]

It' would have been nice if they had initiated a dividend to go along with the share buy back program, maybe next quarter. The results where very impressive, keep it up.

[byloselhir]

or more buybacks at $11 with shareholders cash when they wouldn't buy with theirs at under $2

[Margin321]

Share count went up about 3 million shares for end of Q1 2022 as compared to end of Q 2021. So first few million of share buybacks was just a transfer to principals with incentive option grants. Hopefully they will achieve a meaningful share reduction. They have permission to buy in ten percent of shares or about 18.5 million shares this year. That could be increased. As debt disappears I htink