Advantage sells Wembley assets for $316 million cash
Proceeds reduce net debt to ~$245M and fund accelerated share repurchases of up to 15% by 2027.
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Canadian oil and gas producer
advantageog.comLast updated
In short: Advantage Energy completed the $316 million Wembley asset sale, cut net debt, and resumed share repurchases.
Proceeds reduce net debt to ~$245M and fund accelerated share repurchases of up to 15% by 2027.
The report covers financial results for the quarter ended June 30, 2026, including earnings and operational updates.
Michael Belenkie stepped down as President and CEO; John Festival appointed Interim CEO effective immediately.
The TSX approves purchasing up to 14,492,909 shares for cancellation from May 14, 2026, to May 13, 2027. An automatic share purchase plan facilitates repurchases during blackout periods.
Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to sell its assets...
Advantage Energy (TSE:AAV) outlined plans to prioritize share repurchases over the next two years as...
Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world.
Advantage Energy Ltd. is a Calgary-based exploration and production company focused on the development of natural gas, condensate and natural gas liquids (NGLs) in the...
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