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Bullboard - Stock Discussion Forum Africa Oil Corp. AOIFF


Primary Symbol: T.AOI

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG... see more

Bullboard (TSX:AOI)

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Comment by Lonegaurdian19on Dec 07, 2023 2:28am

RE:RE:I thought NCIB was to help Lundin's exit

AOI trades at NPV oil in ground. So the buyback should be based on WTI, no more BS from management, pay a bigger dividend reduce dillution via RSU reduction. Their pay should be subject to new revenue ...more  
Comment by firstworldon Dec 06, 2023 11:56am

RE:RE:I thought NCIB was to help Lundin's exit

If imrecall correctly they bought from 1.85 to 3.35. The buy back is tailored to swedes who have better tax situation capital gain vs div. AOI needs to save all cash thats why msasly 100M buy back ...more  
Comment by DAGUYon Dec 06, 2023 10:39am

RE:I thought NCIB was to help Lundin's exit

If you listen to some of the meetings, everyone wants to improve shareholder value. One way is dividends and one way is NCIB. The big players in AOI don't seem to want dividends but with NCIB the ...more  
Comment by firstworldon Dec 05, 2023 6:56pm

RE:did last NCIB make anyone richer? Or waste of shareholder $$

i got 1.20 gain on last buy back took a few months but 50% gain is great dumped it all bought back much lower had a few .25-.60 swing trades. Looks like new CEO is sane as old haha
Post by GripnRipon Dec 05, 2023 11:05am

I thought NCIB was to help Lundin's exit

their position in AOI they are gone but NCIB is back...what for this time? Just mngmnt options? IMO
Post by Ogopogo007on Dec 05, 2023 6:18am

did last NCIB make anyone richer? Or waste of shareholder $$

At least with dividends I got, was $$$ into my pocket as a shareholder. the $40,000,000 spent on NCIB only enriched those with options as they couldn't get the options into the money the old ...more  
Comment by firstworldon Dec 05, 2023 1:26am

RE:RE:NO BUDGET LISTED FOR THIS NCIB

I see only slightly more than 1M options in the next year...no big deal.  So far they are reliable, doing a decent job, now have PhD leader, and thesres so much Prime upside with Nigeria, Orange ...more  
Comment by Lonegaurdian19on Dec 04, 2023 10:20pm

RE:NO BUDGET LISTED FOR THIS NCIB

Same old game, they'll buy up enough to cover the options and RSU's. So 1st 10 million shares are just company cash going to officers. Here's the link on their website: https ...more  
Post by EGF30on Dec 04, 2023 3:10pm

NO BUDGET LISTED FOR THIS NCIB

One thing I noticed is that they did not mention a specific maximum budget like they did last time of $95 million. They just might want to be buying up as many as they can daily from now until the cat ...more  
Post by Betteryear2on Dec 04, 2023 12:09pm

AFRICA OIL ANNOUNCES NORMAL COURSE ISSUER BID

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, BC, Dec. 4, 2023 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm ...more  
Comment by papaloapanon Dec 04, 2023 8:28am

RE:RE:More stuff on Venus etc

Ive been waiting for the next 6 months for 10 years now.
Comment by firstworldon Dec 03, 2023 11:26pm

RE:RE:More stuff on Venus etc

Unlike leaky CDN companies where insider trading is the norrn and unprosecuted in SE and FR and othe EU countries people leaking and insider tradimg go to prison for years after being posted on ...more  
Comment by DAGUYon Dec 03, 2023 9:45am

RE:More stuff on Venus etc

Very interesting to hope that it is what we are thinking... If there was anything being leaked i would think someone would be buying but that is not necessarily the case.. Very nice thought, they were ...more  
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