Advantage Energy (TSE:AAV) has released an update.
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Advantage Energy Ltd. has initiated strategic production curtailments due to low Alberta natural gas prices, aiming to optimize free cash flow and reduce net debt without significantly impacting cash flow, as liquid production remains strong. The company has also lowered its 2024 capital program to increase free cash flow, expecting an average production of approximately 70,000 boe/d for the year. Looking ahead to 2025, Advantage is optimistic about the natural gas market due to rising global demand and its diversified market strategy.
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