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The stock price of Advantage Oil & Gas (AAVVF) was already cheap to begin with. Now that the company has found commercial quantities of oil on its leases, this gas producer became a far better deal than many gas producers. The discovery of oil as a primary production product (as opposed to mostly gas) will hasten the plan to make liquids a significant part of the revenue stream.
Source: Advantage Oil & Gas January 2020, Investor Presentation