Post by
rico91 on Oct 08, 2024 11:37am
Is everyone gone ?
Tough day today for energy stocks! Double wammy for AAV. Production cut announced on a day that Oil is being hit hard due to Hezbollah talking cease fire. Buying opportunity??
Picked up 2,000 shares @ 9.23 . May go lower but a good entry point I think !
Rico
Comment by
RJboxer on Oct 08, 2024 3:37pm
I bought 4,000 shares at an average price of $9.24. I think what they are doing is smart, but probably should have been done months ago. If dry gas prices increase they can easily reverse this move. On a side note, looking forward the their 3Q earnings. Want to see how much liquids they produced and the impact on their bottom line. Cautiously optimistic.
Comment by
rico91 on Oct 08, 2024 5:26pm
Good buy ! Nice to see we both made beer money on the trade! Arc and Peyto did the same shutting in production and probably others as well. Storage will come down and our shares will go up. Patience is needed , and I think you already know that . Good luck! Rico
Comment by
RJboxer on Oct 31, 2024 4:26pm
Averaged down today buying another 4,000 shares at $8.72 - They are maximizing liquids and have cut back on dry gas production. Very oversold and due for a healthy bounce.
Comment by
RJboxer on Oct 31, 2024 7:13pm
Take a look at their hedges on page 13 of their Q3 2024 report. Very extensive and positive. This is the most under-valued of the Canadian stocks I invest in.