Advantage Energy Ltd T.AAV

Advantage energy buying back 60% of their float

[robert41]

I've never seen this before done in this short time frame can any one shed any light this is a massive purchase. I'm surprised theires not more chatter here but then only a few seem to follow aav. Brookfield is a big investor in entropy perhaps they think this is going to be bigger than they thought

[walythewalrus]

made an account just so I could respond to this stupid of a comment. its $100M dollars. not 100M shares. IE> there buying back ab out 5% based on their current market cap.

[robert41]

Holy cow ur right I thought this was nut didn't have my glasses on and hadn't had my coffee my apologies good grief

[walythewalrus]

No worries, guess i have an accout now on this thing, been long time lurker in a lot of canadian oil and gas. now i get to commment on stuff haha

[robert41]

Ha...yah I don't post much but that announcement had me so excited I couldn't read it correctly :)

[PlutusofCrete]

Good timing cause next year they get taxed. I suspect next year they will pay a dividend instead. 

[loonietunes]

In light the 2%tax pick me for a divvy til we get rid of Truedumpkin and his band of thieves!

[Burgersandfries]

Loonie I think it's really a nuthin burger ...over a year away companies will adjust I believe in the US it's a 1% tax. We do need to get rid of the libs but that's up to the voters in Quebec and Ontario they control the vote 

[Margin321]

They would make a lot more in tax revenue by helping the companies grow production and helping Entropy store the CO2. They want to suppress  oil and gas industry and grow tax revenue from it all at same time. How did that work for quebec. 

[Burgersandfries]

Quebec and Ontario control the vote regardless of how the rest of the country votes so we need them on board to get rid of Trudeau..jmo