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Alberta natural gas producer operating the Glacier Montney gas play, with a carbon capture and storage business (Entropy).
Alberta natural gas producer operating the Glacier Montney gas play, with a carbon capture and storage business (Entropy).
Sells natural gas and liquids from its Montney wells to marketers through processing infrastructure it owns at Glacier, and hedges part of its output. Entropy, its carbon-capture business, captures carbon dioxide from gas plants and earns by selling carbon credits and capture technology rather than from gas production.
In one line: A Montney natural gas producer with a carbon capture subsidiary.
Moat: narrow (installed base, IP / patents). Concentrated, low-cost Montney land position plus proprietary Entropy carbon-capture technology differentiate it from pure gas peers.
Headquarters: Calgary, Canada · Founded: 2001 · Employees: 99
Size Advantage Energy (AAV.TO) is a Canada Energy company (Oil & Gas Production) with a market value of $1.26B, the 222nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$10.56 on 6 Nov 2026.
Performance Over six months the shares gained 5.6%, against -18.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +8.9%); the operating margin is 19.7% (peer median 22.4%).
Valuation It trades at 16.0× forward earnings against a peer median of 7.6× (3rd most expensive of 18).
Capital Return on invested capital runs 1.7 points below its cost of capital (5.9% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$712M | C$646M | C$498M | C$509M | C$858M |
| Revenue growth | — | +30% | -2% | -41% | — |
| Gross profit | C$192M | C$146M | C$69.1M | C$181M | C$564M |
| EBITDA | C$377M | C$326M | C$232M | C$290M | C$671M |
| Net income | C$141M | C$53.1M | C$21.7M | C$102M | C$339M |
| Free cash flow | -C$105M | -C$33.3M | -C$84.4M | C$51.2M | C$262M |
| Capital expenditure | C$501M | C$392M | C$303M | C$283M | C$242M |
| Total debt | C$717M | C$880M | C$789M | C$354M | C$290M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Advantage Energy AAV.TO | $1.26B | +6% | +14% | 20% | 16.0× | n/a |
| Peyto Exploration & Development PEY.TO | $3.54B | -5% | +26% | 40% | 12.6× | -2.1% |
| ARC Resources ARX.TO | n/a | +29% | n/a | n/a | n/a | n/a |
| Kelt Exploration KEL.TO | $1.45B | +4% | +30% | 17% | 12.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AAV.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | -9.9% | 3rd highest of 21 |
| 6-month return | +5.6% | -18.7% | 3rd highest of 20 |
| Distance from 52-week high | -20.0% | -32.7% | 4th highest of 21 |
| Revenue growth (TTM) | +14.0% | +8.9% | 8th highest of 18 |
| Operating margin | 19.7% | 22.4% | 7th lowest of 18 |
| Forward P/E | 16.0× | 7.6× | 3rd most expensive of 18 |
| ROIC minus cost of capital | -1.7 pp | +1.5 pp | 6th lowest of 21 |
| EV / EBITDA | 6.5× | 3.7× | 4th most expensive of 17 |
| Net debt / EBITDA | 1.8× | 0.9× | 5th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Advantage Energy AAV.TO | Canada | $1.26B | +6% | +14% | 20% | 16.0× | n/a | n/a |
| Vedanta Oil and Gas VOGL.NS | India | $1.27B | n/a | n/a | n/a | n/a | n/a | n/a |
| Zhongman Petroleum and Natural Gas 603619.SS | China | $1.30B | -42% | -13% | 20% | 20.7× | n/a | n/a |
| Serica Energy SER.L | United Kingdom | $1.20B | -17% | +64% | 23% | 12.6× | -13.0% | +29.4% |
| Parex Resources PXT.TO | Canada | $1.36B | -30% | +14% | 29% | 3.5× | -11.2% | +11.5% |
| Oriental Energy 002221.SZ | China | $1.17B | -36% | -22% | 3% | 15.2× | n/a | n/a |
| Cardinal Energy CJ.TO | Canada | $1.40B | -8% | +18% | 31% | 11.8× | 5.3% | +17.9% |
| Tenaz Energy TNZ.TO | Canada | $1.13B | -21% | +381% | 16% | 11.9× | 17.7% | +103.4% |
| Beach Energy BPT.AX | Australia | $1.42B | -16% | -9% | 21% | 5.5× | -12.2% | +4.2% |
| Valeura Energy VLE.TO | Canada | $1.07B | +11% | +6% | 17% | 9.9× | -17.3% | +141.2% |
| BlueNord BNOR.OL | Norway | $1.49B | -6% | +28% | 32% | 10.9× | -12.2% | +15.0% |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| Etablissements Maurel & Prom MAU.PA | France | $1.57B | -29% | -11% | 31% | 5.4× | n/a | n/a |
| Vermilion Energy VET.TO | Canada | $1.61B | -9% | -2% | 14% | 4.3× | -0.8% | +9.1% |
| Spartan Delta SDE.TO | Canada | $1.63B | -11% | +93% | 32% | 7.6× | n/a | n/a |
| Rockhopper Exploration RKH.L | United Kingdom | $937M | -18% | n/a | n/a | n/a | n/a | n/a |
| Energean ENOG.L | United Kingdom | $1.72B | -19% | +9% | 27% | 4.2× | -2.4% | +126.8% |
| Meren Energy MER.TO | Canada | $921M | -19% | +388% | 22% | 5.8× | -16.4% | n/a |
| HighPeak Energy HPK | United States | $903M | +23% | -13% | 16% | 24.6× | n/a | n/a |
| Diversified Energy DEC | United States | $899M | -19% | +109% | 15% | 2.1× | -0.5% | +32.3% |
| Karoon Energy KAR.AX | Australia | $763M | -23% | -20% | 28% | 4.6× | -10.4% | +22.5% |