Following our participation in Advantage’s $100.0 mm equity financing, issuing ~13.4 mm shares at $7.45 per share, we summarize the Company’s fourth quarter financial and operating results, characterizing the results and the forward outlook as in line with our prior thinking. In the absence of formal guidance detail surrounding the allusion to Company’s Glacier expansion in late 2017e (+100 mmcfe/d to ~350 mmcfe/d capacity), we largely reiterate our prior forecast, believing that invested capit ....
09 Mar 2016
Advantage Reports Fourth Quarter Results, Closes $100 mm Financing
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Advantage Reports Fourth Quarter Results, Closes $100 mm Financing
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
09 Mar 2016 -
Author:
Robert Fitzmartyn -
Pages:
8
Following our participation in Advantage’s $100.0 mm equity financing, issuing ~13.4 mm shares at $7.45 per share, we summarize the Company’s fourth quarter financial and operating results, characterizing the results and the forward outlook as in line with our prior thinking. In the absence of formal guidance detail surrounding the allusion to Company’s Glacier expansion in late 2017e (+100 mmcfe/d to ~350 mmcfe/d capacity), we largely reiterate our prior forecast, believing that invested capit ....