Montrusco Bolton Investments buys $37,880,930 stake in Advantage Oil & Gas Ltd (USA) (AAV)

Advantage Oil & Gas Ltd (USA) (AAV) : Montrusco Bolton Investments scooped up 864,000 additional shares in Advantage Oil & Gas Ltd (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 5,774,532 shares of Advantage Oil & Gas Ltd (USA) which is valued at $37,880,930.Advantage Oil & Gas Ltd (USA) makes up approximately 2.31% of Montrusco Bolton Investments’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in AAV during the most recent quarter. The investment firm sold 67,100 shares of AAV which is valued $435,479.Sonora Investment Management reduced its stake in AAV by selling 6,000 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 178,390 shares of AAV which is valued at $1,155,967. Advantage Oil & Gas Ltd (USA) makes up approx 0.64% of Sonora Investment Management’s portfolio.Creative Planning boosted its stake in AAV in the latest quarter, The investment management firm added 1,583 additional shares and now holds a total of 57,190 shares of Advantage Oil & Gas Ltd (USA) which is valued at $332,846. Bnp Paribas Arbitrage Sa added AAV to its portfolio by purchasing 114 company shares during the most recent quarter which is valued at $662.

Advantage Oil & Gas Ltd (USA) opened for trading at $6.2 and hit $6.51 on the upside on Wednesday, eventually ending the session at $6.49, with a gain of 3.34% or 0.21 points. The heightened volatility saw the trading volume jump to 1,54,589 shares. Company has a market cap of $1,197 M.

On the company’s financial health, Advantage Oil & Gas Ltd (USA) reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.02.Analysts expectations of $ 41.67.During the same quarter in the previous year, the company posted $0.23 EPS.

Advantage Oil & Gas Ltd is a Canada-based intermediate natural gas and liquids development and production company. It is focused on development and growth of its Montney natural gas resource play at Glacier Alberta. Its production at Glacier is 135 millions of cubic feet equivalent per day. The Glacier property consists of 82 gross (76 net) sections of land with Doig/Montney interests. It has drilled and completed approximately 137 gross (127.5 net) horizontal wells at the Glacier property in either the Triassic Montney or Doig formation siltstones. In addition two vertical wells drilled into the underlying Belloy Formation are used for acid gas disposal and two vertical wells are used as service wells that support its water disposal system. It drilled approximately 38 gross (38 net) horizontal wells in the Montney and Lower Doig formations. It owns and operates a 100% working interest gas plant located at 5-02-76-12W6.

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