$AAV.TO

Advantage Energy Appoints John Festival as Interim CEO

Advantage Energy (AAV.TO) has appointed John Festival as Interim Chief Executive, effective immediately, after Michael Belenkie resigned from the roles of President, CEO and as a director of the company, it said on Monday.Festival who has over 35 years of experience in the western Canadian energy industry, currently serves on the boards of Athabasca Oil (ATH.TO) and Cardinal Energy (CJ.TO). Festival joined the company's board in March 2024 and has served as Chair since May 2025, it said.Shares of the company closed down 1.1% to $9.87 on Friday on the Toronto Stock Exchange.

Advantage Energy Announcing CEO Transition and Appointment Of Interim CEO

Advantage Energy Announcing Renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan

RBC Lifts Price Targets of Headwater, Whitecap After Q1 Results

RBC Capital Markets on Friday raised the price targets of Headwater Exploration (HWX.TO) and Whitecap Resources (WCP.TO) following the release of their first-quarter results.RBC lifted Headwater's price target to C$14.00 from C$13.00 with a sector-perform rating, as the company's cash flow of C$0.41 per share exceeded RBC's projection of C$0.39 and the Street estimate of C$0.37.RBC also increased Whitecap's price target to C$18.00 from C$17.00 and maintained its sector-perform rating after the company's adjusted funds from operations of C$0.84 per share beat RBC's forecast of C$0.75 and the Street expectation of C$0.74.Meanwhile, RBC reiterated Advantage Energy's (AAV.TO) sector-perform rating and C$14.00 price target. The company's cash flow of C$0.71 per share beat RBC's estimate of C$0.68 and the Street forecast of C$0.67.Price: $13.33, Change: $-0.13, Percent Change: -0.93%

Advantage Energy Swings to First-quarter Profit; Sales Fall

Advantage Energy (AAV.TO) after trade Thursday said it swung to a first-quarter profit while natural gas and liquids sales declined year-over-year.The natural-gas focused Western Canadian producer earned $29.5 million, or $0.17 per share, in the period, compared with a loss of $29 million, or $0.17, a year ago. FactSet expected $0.27 per share.Natural gas and liquids sales fell to $206.9 million from $221.8 million a year prior. FactSet projected sales of $210.6 million."Advantage is entering a period of highly efficient growth and escalating free cash flow, with less than $100 million of capital planned for the second half of 2026. Production is anticipated to average approximately 90,000 boe/d from Q3 2026 through 2027," the company said, adding that it expects to reduce net debt to $400 million to $500 million in the second half of 2026, supported by hedging and market diversification even if natural gas prices stay weak.The results are for Advantage Energy only and exclude its subsidiary Entropy, according to the statement.Advantage shares closed down $0.01 to $10.33 on the Toronto Stock Exchange.

Earnings Flash (AAV.TO) Advantage Energy Reports Q1 Per Basic Share $0.18 and Diluted $0.17

RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Capital Markets on Monday said it expects Canadian oil and gas exploration and production companies to discuss the use of free cash flows amid higher crude prices during the earnings reporting season for the first quarter.RBC expects the companies to outline their near-term focus on higher buybacks and debt repayment, with capital programs to increase later this year if pricing remains robust.According to RBC, AECO natural-gas prices experienced a brief rebound during the first quarter, but have since pulled back as supplies have remained robust, keeping pace with increased demand from LNG Canada.RBC said its estimates are largely above FactSet consensus forecasts for now.The earnings season will kick off April 20 with PrairieSky Royalty (PSK.TO) reporting after market close.Price: $10.11, Change: $+0.01, Percent Change: +0.10%