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Oil Gas Drilling Exploration

Advantage Oil & Gas Ltd. (AAV) is a Canada-based oil and gas company engaged in the acquisition, exploitation, development and production of oil and natural gas properties. The company operates primarily in the Western Canadian Sedimentary Basin, focusing on the Montney resource play.

As of December 31, 2 2022, the company reported total proved plus probable reserves of 315 MMboe (78% natural gas and 22% natural gas liquids, and 19% crude oil). In 2022, Advantage delivered record production of 53,155 Boe/d, exceeding the high end of its increased 2022 production guidance. The company demonstrated full-year 2022 funds flow of $389 million ($2.74 per basic share), supported by strong operating netbacks of $33.86/Boe.

In terms of earnings, for the fourth quarter of 2022, AAV reported a net income of $85 million, compared to $129 million in the same period of 2022. For the full year, the company reported a net income of $387 million, compared to $355 million in the prior year.

Advantage Oil & Gas Ltd. (AAV) is listed on the NYSE under the ticker symbol "AAV". As of March 11, 2023, the stock traded at $4.64.

Future sales and earnings growth is estimated at 5% annually over the next five years by analysts polled by TipRanks.

Overall, AAV boasts a solid balance sheet and promising growth prospects. While the stock may not be as well-known as others in the energy sector, it has a proven track record of consistent profitability and is well-positioned for long-term success.

This is general information and should not be considered investment advice. Further research and consultation with a financial advisor are recommended before making any investment decisions.