Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

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-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.

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Africa Oil Corp. > Investment Advice for the kids

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Post by Ferryboyon Feb 25, 2022 9:29pm

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Post# 34463761

Investment Advice for the kids

I have been on at my son for ages about investing in AOI and oil stocks in general. Up until 2 weeks ago, he was more interested in crypto. But but about 2 week ago he calls up and says that he and his girlfriend are moving from mutuals (yielding about 6%) to self directed,

I got them into AOi and a little AFE as well as Tamarack which is one of my other holdings. Small stuff, like 5,000 AOI, and other stuff non-oil. Well they got a bit of a rise even before Venus so they have made a bit of money.

I am telling my son that AOI will be close to $5 by year end and Tamarack about $8. Am I too optimistic? and I am only basing that on $90 oil .. nothing more. Monday for AOI and Thursday for TVE will provide more info and I am hoping provide some more momentum.

He also tells me he is on chat with about 15 of his mates and he is telling them about AOI etc.. I think most are investing. I am pretty confident that they will make a bit of money over the next 2-3 years

Any other suggestions for the kids from the posters here? Cardinal was mentioned but I dont know much about that stock although it got a huge pop in last 12 months. Any suggestions would be appreciated

Thanks
FB

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