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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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.


TSX:AOI - Post by User

Comment by firstworldon May 12, 2022 4:19pm
149 Views
Post# 34679306

RE:People and their swings.

RE:People and their swings.

95% of trading volume is algos and HFT.  Its so easy to predict I've been making a killing on predictable AOI swing trade...$560K in last 9 mths. 

I actually caught the bottom a couple of times and sold near peak a few times but most of the time I miss by 10% or so.

I want to hold but the HFT patters are so obvious its too tempting to trade with majot FOMO though.  


Esiiiii wrote:
People and banks really sell down the stock. First up 24% when the vastness ofmvenus was announced, then down the 20% again, so now were just up 4 % since the venus announcement, what I think people dont get is that the oil at venus is superb premium quality, i e if benchmarked probably selling at premium, what I think is that just this premium is worth more than entire market cap for AOIL, just for the 6,18 % in oil prices close to todays oil prices. Prime should be stable, the fields are big and quite stable, dont think there will be issues. I quess its just AOIL and normal swingtrades with elements of market manipulation.


 

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