Advantage Energy: Record Well Drilled

Long PlayerInvesting Group LeaderFollow5ShareSavePlay(8min)CommentsSummaryAdvantage Energy achieved a record well at 4,567 BOED.Enhanced well productivity enables a C$10 million reduction in the 2026 capital budget versus the original plan.Strengthening natural gas prices, combined with technological advances, are shifting AAVVF’s profitability outlook toward gas-weighted assets.Recent operational success and favorable market dynamics position AAVVF for increased profitability relative to peers.Rising or strengthening natural gas prices have shifted drilling to the gassier acreage.Funtay/iStock via Getty Images Advantage Energy (AAVVF) announced that a record-size well was drilled and the follow-up well was nearly as good. The first well came in at 4,567 BOED and produced some liquids. The next well came in atThis article was written byLong Player24.81K FollowersFollowLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of AAVVF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You