BMO Capital Initiates Coverage on Advantage Oil & Gas Ltd (USA)(NYSE:AAV). The shares have been rated Outperform. The rating by BMO Capital was issued on Jul 21, 2016.
Advantage Oil & Gas Ltd (USA) (AAV) made into the market gainers list on Wednesdays trading session with the shares advancing 3.34% or 0.21 points. Due to strong positive momentum, the stock ended at $6.49, which is also near the day’s high of $6.51. The stock began the session at $6.2 and the volume stood at 1,54,589 shares. The 52-week high of the shares is $6.51 and the 52 week low is $4.165. The company has a current market capitalization of $1,197 M and it has 18,44,00,000 shares in outstanding.
Advantage Oil & Gas Ltd (USA)(AAV) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.17.
Advantage Oil & Gas Ltd is a Canada-based intermediate natural gas and liquids development and production company. It is focused on development and growth of its Montney natural gas resource play at Glacier Alberta. Its production at Glacier is 135 millions of cubic feet equivalent per day. The Glacier property consists of 82 gross (76 net) sections of land with Doig/Montney interests. It has drilled and completed approximately 137 gross (127.5 net) horizontal wells at the Glacier property in either the Triassic Montney or Doig formation siltstones. In addition two vertical wells drilled into the underlying Belloy Formation are used for acid gas disposal and two vertical wells are used as service wells that support its water disposal system. It drilled approximately 38 gross (38 net) horizontal wells in the Montney and Lower Doig formations. It owns and operates a 100% working interest gas plant located at 5-02-76-12W6.