yes financials is solid. this little company is doing the right moves. going all gas was, in retrospect, brilliant... it is paying off as they are now focused... and with the discovery of more liquids in their property they are ready to rock and roll into the future... mooo. k
this should mean something to any long term holders of AAV. this was peak in 2006. stock is trading at 70% discount from peak. not anything to brag about other than the amount of capital loss I was able to deduct from taxes over the years. AAV has a long way to go before redeeming itself.
I have a lot of Nov $5 calls as well as shares.....so if by November $10.00 would be just fine with me.( I doubt any buyout bf November though.)
well, surprise!... surprise!... on the contrary, the BBs contracted!... which means this move is a pre-cursor to a bigger, major move!... moo k
yeehah!, decreasing debt... increasing production... watch for that divvy, to be announced soon!...
those Bollinger bands are expanding... k
making for 8% reduction in costs & 36% planned production growth in 2015 , per news release today.With an analyst upgrade thrown in for good measure. Future looking very good.
their latest presentation and guidance shows that's what they intend to do. 2017 will be the year for us.
ECA or anyone can always buy us out anytime, cheap is relative... like for me $15 is cheap... k
Their growth plans require a lot of fresh capital. In this environment, I would rather have them reinvest as much of their cash flows into their business rather than relying on debt.
But they are definitely doing well. ECA should have bought them out earlier this year. They could have paid a 50% premium and it would have gone through, they are just next door in terms of acreage, they missed a big opportunity to expand their Montney footprint on the cheap.
Up 50% from the January lows...AAV is by far one of the most solid performers in the E&P space...its operations and land are solid, execution is undoubtedly solid as well. Cannot go wrong with them.
I would however think that firms like PPY may outperform AAV given the valuation gap.
In any case, I do not plan on selling my AAV shares. The story has not changed, low costs will remain, growth path will be less steep. Not adding at these levels but confident these guys will create value for their shareholders in the long run. GLTA.