AAV: Advantage Oil & Gas Ltd. Instablogs

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Tuesday, May 21, 9:28 AM Advantage Oil & Gas (AAV) +3.6% premarket after saying financial advisers will begin soliciting interest in a sale of the company or other strategic transactions to maximize shareholder value. AAV also announces an increase in reserves and contingent resources at its Glacier property. Comment! [Energy, On the Move]
Thursday, March 14, 2:28 PM Advantage Oil & Gas (AAV +5.3%) is upgraded to Buy from Hold at Stifel Nicolaus after AAV announced large positive revisions to historical reserves, sparking a new two-year plan focused on doubling production throughput at Glacier to 200M cf/day by 2015. A series of positive well results revealed improved average test rates in the Middle Montney. 1 Comment [Energy, Quick Ideas, On the Move]
Wednesday, February 6, 5:06 PM With Advantage Oil & Gas (AAV) completing the sale of its non-core assets, Luc Mageau at Raymond James says it's time for a sale of the company. AAV's net debt should drop to ~$170M after ~$115M in proceeds from the asset sales, and “with the valuation now uncluttered, we expect the official process will result in a successful sale of the company.” Comment! [Energy, M&A]
Wednesday, February 6, 11:48 AM Advantage Oil & Gas (AAV +3.4%) says it has closed four sales transactions and recently signed an agreement with a fifth party which, on a combined basis, constitute the sale of substantially all its non-core assets. AAV says net cash proceeds from the sales, totaling ~$83M, will be used to reduce debt. Comment! [Energy, On the Move]
Wednesday, February 6, 9:12 AM Premarket gainers: SFLY +17%. MUSA +13%. GDP +12%. AAV +8%. MBI +6%. CERN +5%. ZNGA +5%.
Losers: CHRW -7%. GME -5%. 6 Comments [On the Move]
Monday, December 10, 2012, 9:10 AM Premarket gainers: IN +23%. GERN +17%. NXY +15%. CLDX +10%. STSI +7%. AAV +7%.
Losers: ZGNX -39%. CBMX -18%. DMND -5%. Comment! [On the Move]
Wednesday, October 17, 2012, 11:53 AM The rise in shares of Advantage Oil & Gas (AAV +4.8%) is attributed to Exxon Mobil's acquisition of most of Celtic Exploration, including 545K net acres in the liquids-rich Montney shale. AAV, the fifth-largest Montney producer, rallied in August on news it was seeking a buyer for some assets to simplify its structure and prepare for a potential sale. Comment! [Energy, On the Move]
Thursday, August 23, 2012, 9:27 AM Advantage Oil and Gas (AAV) +10.3% premarket after announcing it has engaged RBC Capital to attempt to sell all non-core assets. AAV believes the move will simplify the company, leading to a greater appreciation of its core Glacier Montney natural gas asset and generate proceeds that may be used for debt repayment. 1 Comment [Energy, On the Move]
Thursday, June 28, 2012, 9:05 AM Premarket gainers: SURG +41%. OREX +10%. AAV +5%.
Losers: ANTH -63%. SNTA -25%. VRTX -13%. BCS -12%. RBS -11%. FDO -7%. DB -5%. Comment! [On the Move]
Wednesday, April 11, 2012, 2:42 PM Advantage Oil & Gas (AAV -3.4%) continues to languish after BMO Capital cut its rating to Underperform earlier today, saying that natural gas oversupply will cause the company, without yield support, to lag the rest of the E&P market. 1 Comment [Energy, On the Move]
Monday, June 15, 2009, 9:00 AM Premarket gainers: BDSI +24%. HBAN +13%. CTIC +9%. IMMU +7%. HEB +4%. TQNT +4%.
Losers: GNBT -11%. IRE -9%. LNC -8%. AAV -7%. AIB -7%. LEA -7%. CENX -6%. RTP -6%. STM -6%. TGB -6%. SAY -5%. ESLR -5%. CIT -5%. MT -4%. JASO -4%. Comment!
Tuesday, March 3, 2009, 9:01 AM Premarket gainers: AIG +17%. HBAN +14%. C +12%. FITP +10%. AAV +9%. MT +9%. AZO +8%. FNM +8%. HIG +8%. BAC +9%. GNK +7%. DRYS +7%. WFC +7%. AAUK +7%. STI +7%. FRE +6%. NOK +7%. HGSI +7%. TKS +6%. XLNX +6%. RF +6%. CHU +6%. AMD +6%. LVS +6%. Comment!
Friday, February 13, 2009, 9:00 AM Premarket losers: LYG -41%. GERN -14%. BCS -13%. AIB -13%. RBS -13%. FITB -9%. CAKE -9%. JAH -9%. PVX -7%. FAS -6%. JAVA -5%. CAL -5%. AAV -5%. STI -5%. GOLD -4%. RF -4%. BAC -4%. MTU -4%. AAUK -4%. C -4%. Comment!

AAV Advantage Oil & Gas Ltd.

AAV

Advantage Oil & Gas Ltd.