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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

TSX:AOI - Post Discussion

Africa Oil Corp. > did last NCIB make anyone richer? Or waste of shareholder $$
View:
Post by Ogopogo007 on 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 fashioned way by running a great business that wan't selling oil at a huge discount.

Huge waste of shareholder $$$ and did share count even go down paying over $3 buying back shares. 
Yes share price is undervalued 'cuz my options aren't 'in the money' type of mngmnt B S

JMHO

And now there is a Venezeula issue wanting to take over most of Guyana - just the oil rich and gold parts
Comment by firstworld on Dec 05, 2023 6:56pm
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
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