RE:RE:RE:Venus - Africa Oil will be a Monster!!!!Pretty much all the global super major Nazi sympathizers and supporters have exited RU writing of tens of Billions of dollars not unlike their exit from Canada in last few years. Thay are all targeting Africa, LatAM and Asia. These guys are in a league unfathomable to Canadians used to their pip squeak subsidized O&G champions. They want 20-30 year plays with $100 B development costs so offshore Africa is perfect becUe the peasants can't obstruct and PMCs are available to protect assets and operations. AOI PE is hilarious and their holdings amazing. So happy I loaded up! Looking forward to next Prime $100M div due any time now!
Lonegaurdian19 wrote: That is the question, what is a barrel worth in the ground 5 years from production?
Being realistic who would buyout impact? They'd need a hell of a lot of capital? Chinese or Indian Megas? Best guess
The market for oil 5 years out is drying up in terms of available suitors.I am a long term holder in AOI and that's the billion dollar question. If you look at even AOIs projections the decay in future oil prices means that by doing nothing you lose money.
So as I said >$3 in ground win, less
i have consistently said to sell Kenya from $60 a barrel to now $102.
this as I've said before is the barometer, $5 a barrel in ground in the deepest drilled offshore seems high but Namibia does have good terms so maybe, I hope the Chinese bite