tiprankstipranks
Advantage Energy Optimizes 2024 Strategy
Company Announcements

Advantage Energy Optimizes 2024 Strategy

Advantage Energy (TSE:AAV) has released an update.

Don't Miss our Black Friday Offers:

Advantage Energy Ltd. has updated its 2024 guidance, reducing its gas drilling program to optimize performance and financials in the face of subdued gas prices, resulting in a $20 million decrease in capital expenditure and a corresponding increase in free cash flow. The company’s production guidance has been adjusted, with a focus on maintaining liquid production levels. For 2025, Advantage aims to prioritize free cash flow to improve its financial leverage before shifting its strategy towards share buybacks.

For further insights into TSE:AAV stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAdvantage Energy Reports Strong Q3 2024 Results
Austin AngeloAAVVF Upcoming Earnings Report: What to Expect?
TheFlyAdvantage Energy price target lowered to C$11 from C$12 at CIBC
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App