Advance Energy (#ADV) – CEO change & argues “value accretive opportunities”. How’s it to pay for them?
- 2022-01-28 07:52:21
Advance Energy (ADV) is proving to be probably my worst tip ever, given that I only covered it yesterday and the share price is currently down around 80% following an update on drilling which appears to be bad news, and I can only apologise to anyone who bought based on my piece yesterday. At least it has given my pea brained critics on twitter a day of onanismic delight.
Advance Energy (ADV) is a company which I covered last summer and suggested that although it has a very chequered history, new assets and a completely different management team made it well worth a speculative buy with a drill to come.
The name Andalas Energy will be enough to send a shiver down the spine of investors who had high hopes for the company, before getting shafted, but the new company that is has evolved into, Advance Energy (ADV), looks very different.