ADVANTAGE ENERGY LTD

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Advantage Energy Ltd. engages in the development and production of natural gas and liquids. It focuses its operation in Glacier, Wembley, Valhalla, and Progress, Alberta. The company was founded on January 2, 1997 and is headquartered in Calgary, Canada.

Advantage Energy is shifting focus to liquids production due to uncertain natural gas prices. The 2025 guidance aims to maintain low costs while increasing valuable liquids production. Management is targeting a higher percentage of liquids production.

Advantage Energy: Going For Liquids In An Uncertain Natural Gas Pricing Environment

Advantage Energy's shift to more liquids production offset the severe decline in natural gas prices, providing crucial cash flow during a challenging period. Management's optimization of Charlie Lake properties is improving costs. A drilling campaign now underway may show more benefits. Despite destructive natural gas pricing, sales dollars increased from the second quarter.

Advantage Energy: Management Moved Fast To Save The Cash Flow

Advantage Energy leveraged more than usual to acquire premium acreage. The capital budget strategy change, justified by early results, indicates a contrarian increase in operational activity. Lower reinvestment ratios and strategic production management, like choking back early production, are expected to enhance oil output.

Advantage Energy: Fantastic Returns On The First Try

The Lake Charlie acquisition has increased the debt load and hence financial risk. Lake Charlie immediately increases the liquids percentage of production. The acreage competes for capital dollars "from the start". The acquisition has led to elevated risk even though the "bolt-on" nature and management experience decrease the risk.

Advantage Oil & Gas Joins The Leverage Group

Advantage Energy Ltd. (OTCPK:AAVVF) Q1 2024 Earnings Conference Call April 26, 2024 10:00 AM ET Company Participants Brian Bagnell - Director of Commodities and Capital Markets at Advantage Michael Belenkie - President and CEO of Advantage Craig Blackwood - Chief Financial Officer Neil Bokenfohr - Senior Vice President Conference Call Participants Chris Thompson - CIBC Operator Good morning, ladies and gentlemen and welcome to Advantage Energy First Quarter 2024 Results Conference Call.

Advantage Energy Ltd. (AAVVF) Q1 2024 Earnings Call Transcript

Advantage Energy recently acquired the Conroy acquisition, which provides more exposure to liquids. The Conroy acquisition cost about C$10 million for a significant amount of acreage, which is relatively cheap compared to the United States. Management intends to grow production by 10% a year, but low natural gas prices may affect this goal for the current fiscal year.

Advantage Energy: Aiming For More Liquids Rich Leases

Advantage Energy Ltd. (OTCPK:AAVVF) Q4 2023 Earnings Conference Call March 5, 2024 10:00 AM ET Company Participants Brian Bagnell - Director of Commodities and Capital Markets at Advantage Michael Belenkie - President and CEO of Advantage Craig Blackwood - Chief Financial Officer Neil Bokenfohr - Senior Vice President Conference Call Participants James Kubik - CIBC Operator Good morning.

Advantage Energy Ltd. (AAVVF) Q4 2023 Earnings Call Transcript

Advantage Energy's Q4 results have not been published yet, but the weak natural gas price is expected to weigh on the company's performance. The company generated a total revenue of C$137M in Q3, with low operating costs and strong cash flow performance. Advantage Energy plans to focus on growing production and increasing adjusted funds flow per share in the coming years, with potential for share buybacks.

Advantage Energy: Buy For The Natural Gas, Bet On The Carbon Capture

Advantage Energy Ltd. is a highly efficient Canadian operator with a focus on growth and shareholder repurchases. The company is transitioning to more liquids, which is improving margins, and has a carbon capture synergy that could benefit shareholders if it goes public. Advantage Energy has been successful in keeping operating costs low and may benefit from the increasing ability to export natural gas in the future.

Advantage Energy: Carbon Capture Bonus

Management keeps adding Tier 1 acreage to usually more than replace the Tier 1 acreage drilled. Costs continually decline. Production per well keeps increasing.

Advantage Energy: Tier 1 Promotions

Advantage Energy is a natural gas producer in Canada. Thanks to its diversified points of sale, it is selling the majority of its output based on non-AECO terms.

Advantage Energy: Trading At A 10% Free Cash Flow Yield At Spot Prices

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A strong balance sheet is a priority. Growing production is a priority.

Advantage Energy: Let The Good Times Roll

Advantage Oil & Gas

Advantage has distinguished itself as a top decile operator in terms of drilling results and operating netbacks relative to peers in the area. Advantage is on track to grow its production to over 60,000 boe/d this year while maintaining incredibly attractive field netbacks (>C$30/boe).

Advantage Energy: Net Zero Montney Growth Play

The growth history is likely to persist into the future. Dividends are really not a consideration here other than a nominal one at some point.

Advantage Energy: All Kinds Of Possibilities

Advantage Energy is a Canadian natural gas producer with exposure to US prices. The Q2 and H1 results were absolutely excellent, thanks to the very high natural gas price.

Advantage Energy: Natural Gas Production With A Strong Balance Sheet

Advantage Energy's low-cost production base allows it to generate very strong cash flows at the current natural gas price. The company front-loaded this year's capex and this will pay off with a very strong production result in Q2.

Advantage Energy: Trading At A 20% FCF Yield With Entropy As Hidden Asset

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Screening Energy Stocks From The Montney Resource Play, Canada: Best Picks

Advantage Energy goes back and forth between a dry gas production strategy and a liquids rich strategy as industry conditions change. Huge initial flow rate increases made dry gas very profitable.

Advantage Energy: Circular Strategy

Advantage Energy is a sizable natural gas producer in Canada.

Advantage Energy: Expect A Very Strong 2022 While The Value Of Entropy Gets Unlocked

Advantage Energy is a natural gas producer in Canada and needs a gas price of just US$1.75 to break even (including sustaining capex). This year, Advantage plans to increase its production by 8% but will still retain enough cash to pay off all of its debt.

Advantage Energy: 2022 Guidance Provides Path Towards Net Cash Position

The capital budget increased slightly as did the forecast for production growth.

Advantage Energy: The Fun Has Just Begun

Advantage Energy is now emphasizing on dryer natural gas production. The liquids rich acreage should enable a more flexible response to market conditions in the future.

About Face At Advantage Energy

Advantage Energy is a gas producer which is doing very well in the current climate. The existing hedge book is weighing on the reported profit, but I'd like to see AAV continuing to hedge and lock in the high prices.

Advantage Energy: Not As Cheap As Its Competitors, But Robust

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