AAVVF - Advantage Energy: Acquiring Liquids Production
2024-06-11 22:34:35 ET
Summary
- Advantage Energy plans to shift its production mix into liquids from its dry gas business to gain flexibility in the market.
- The company is making a major acquisition of neighboring production at an attractive purchase price.
- The acquisition will raise the company's debt ratio, but the focus on drilling for more liquids is expected to bring it down quickly.
- The purchase price is an attractive 3.2 times operating income.
- Charlie Lake, in general, has benefitted from technology advancements to become more profitable.
( Advantage Energy ([[AAV:CA]], OTCPK:AAVVF ) is a Canadian company that reports using Canadian dollars unless otherwise noted.) ...
Advantage Energy: Acquiring Liquids Production