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by Stockwatch Business Reporter

West Texas Intermediate crude for January delivery added 22 cents to $68.59 on the New York Merc, while Brent for February added five cents to $72.19 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.60 to WTI, up from a discount of $13.50. Natural gas for January lost two cents to $3.16. The TSX energy index lost 1.89 points to close at 269.67.

Mike Belenkie's Alberta Montney producer, Advantage Energy Ltd. (AAV), lost nine cents to $8.73 on 711,500 shares, after unveiling its 2025 guidance and updated three-year plan. Investors found plenty to poke through. For 2025, Advantage is aiming for production of 80,000 to 83,000 barrels of oil equivalent a day on a budget of $270-million to $300-million, figures that more or less matched analysts' predictions. The year-over-year jump in production from the projected 2024 average of 70,000 to 73,000 barrels a day partly reflects a $445-million asset acquisition that Advantage completed in June. For the same reason, it needed to tweak the three-year plan that it first published in 2022, and decided to host an investor day today to reveal it and try to stir up extra excitement.

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