Advantage Energy Ltd T.AAV

New Press Release - Advantage Announces Operational Update

(TSX: AAV)CALGARY, AB, June 20, 2023 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update in advance of today's scheduled analyst presentation. While Glacier well results continue to achieve new benchmarks, Wembley, Valhalla and Progress...read article.

[energee]

Very good operations story.  BOD seems to be focused solely on share buybacks vs dividends which I question.  They are limiting their shareholder base with this strategy. The last dutch auction share buyback at $11 CDN share was clearly a mistake in retrospect. I would not expect them to try that again.  On the other hand, BIR who has adjacent similar properties, has gone all in

[PabloLafortune]

Dividend payers attract more interest for sure. Timing wise, not sure AAV can afford that. But they can afford better reporting - it would be so much better if they reported the liquids rich (non Glacier) production results on their own (either in the MD&A or in the presentation).  POU did that for years on their Karr play and I believe it helped the stock, SDE did the same on their Gold

[energee]

Good points. Natgas has been off for 6 months and the oil/liquids is growing.