Bullboard - Stock Discussion Forum Africa Oil Corp. AOIFF

Primary Symbol: T.AOI

Energy Oil & Gas E&P

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

TSX:AOI - Post Discussion

Africa Oil Corp. > Algo Attack

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Post by firstworld on Sep 28, 2023 9:51am

Algo Attack

Nice Algo attack triggering stops on the way down. Picked up a bunch more. Tgis is hilarious nothing has changed for AOI except for positive Namibia DST results

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Comment by Fortunas on Sep 28, 2023 10:24am

Yep. The move below C$3 on TSX likely doesn't help, as that wipes out the small margin that was available for anyone holding it through that listing. And the Bloomberg headline suggesting the Nara dry hole created concerns around viability of Venus likely just added more fear selling than is warranted. The stock is underperforming comps by 15-25% this week, while the vast majority of the value ...more

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