10:44 AM EST, 03/05/2024 (MT Newswires) -- National Bank of Canada said Monday that Advantage Energy Ltd. ( AAVVF ) 's cash flow per share of $0.49 in the fourth quarter of 2023 beat the consensus forecast of $0.48, while production of 68,400 barrels of oil equivalent per day also met expectations.

The bank said that during the quarter, the company saw its realizations fade by 2% due to lower gas prices, but was optimistically buoyed by the strength of its liquids segment and its associated cost structure.

National Bank said Advantage Energy ( AAVVF ) had a "solid outcome to the year" while noting that the company's strength of its orientation continue to support sustainable returns through a low gas price environment.

The bank gave Advantage Energy ( AAVVF ) an outperform rating with a $12.00 price target.

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