Advantage Energy closes sale of Wembley assets for $316 million cash proceeds
Reuters2026/09/11 11:54- Advantage Energy closed the sale of its Wembley-area Alberta assets for gross cash proceeds of $316 million, before closing adjustments.
- Closing moved up from the timeline set out in its Aug. 26, 2026 announcement following satisfaction of regulatory requirements.
- Proceeds were applied to reduce bank indebtedness, boosting financial flexibility.
- Share repurchases have resumed, alongside a continued focus on balance sheet strength and returns-based capital allocation.
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