RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Advantage Energy expects 20% annual production growth in FY23
Image source: © Charlieaja | Megapixl.com
Highlights
Advantage Energy Ltd (TSX: AAV) is involved in supply of affordable and sustainable Canadian energy to fulfil the demands in Canada and overseas. It is currently engaged in development and delineation of its Montney natural gas and liquids resource at Valhalla, Glacier, Wembley/Pipestone, and Progress, Alberta.
During the second quarter of the year 2023, AAV achieved industry beating gross margin as well as EBITDA margin. Its EBITDA Margin was increased to 51.7% in Q2 2023 versus industry median of 46.7%..
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