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Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > DR. TUCKER AND AFRICA OAK ISLAND - AOI
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Post by EGF30 on Feb 09, 2024 4:00pm

DR. TUCKER AND AFRICA OAK ISLAND - AOI

Dr. Tucker,


Let me start by congratulating you and your newly hired expanded team on just how quickly after your arrival you have managed to guide AOI to a new 52 week low – and then some.
 
Hard to imagine with all of this thick gravy lining your hip pockets.
 
  1. You have a stake in the world’s largest offshore oil find of 2022.
  2. You just recently started another round of share buy backs. 
  3. Total has confirmed Venus will go ahead to production.
  4. Brent continues to rise with conflict in the Middle East.  
  5. Everything else.
 
What’s wrong with this picture Dr. Tucker?
 
Has it even been even 6 months since your arrival?
 
Has the share price gone up at all since your arrival?
 
With all of the untold hot irons in the fire, you and your merry band have somehow unbelievably managed to oversee the share price dragged down more than 32% from it’s 52 week high to a new 52 week low – and then some.
 
When I think of where the share price of this company is and where the share price should be makes me think AOI is much the same like searching for the treasure of Oak Island.
 
Each season the treasure and promise of untold riches always seem to be just out of reach as at the end of each disappointing season of finding nothing of any significance it is always decided that yes we will be back next year to spend more investor money looking for that elusive treasure.
 
The reality is that the reality show itself makes a hell of lot more money each year than finding any treasure ever would so easy to believe this show is full of smoke and mirrors in that nothing of any real value will be found on Oak Island anytime soon.
 
The question for you Dr. Tucker is when are you going to bring some real value to AOI’s share price or are you going to just keep chasing that never ending pot of gold that never pays off for any investor’s but keeps the double slices of cheesecake for lunch and the full bodied cabernet’s for dinner flowing on the backs of your nobody shareholders.
 
DR. TUCKER LET ME SAY THIS PLAINLY AND CLEARLY ENOUGH THAT EVEN A CHILD COULD UNDERSTAND.
 
“THE TIME HAS COME TO PONY UP AND PUT MY MONEY WHERE YOUR MOUTH IS - DOUBLE THE DIVIDEND AND PAY IT QUARTERLY.”
 
If you think you are safe as you might believe in that enough of the top investor’s have your back, just don’t be surprised if some nobody investor gets up on the wrong side of the bed one day and decides to reach out to Mr. Ackman at Pershing to see if he has any interest in doing for AOI what he and Mr. Harrison did for Canadian Pacific Railway.
 
God help you if he is interested and you are not doing your job.
 
Not enough can be said – or paid for top shelf leadership and is precisely the reason I have never bought one single share of AOI since my initial stake back in 2012 and why I continue to buy CP like clockwork month after month, year after year, decade after decade and will continue to do so until the day of my death.   
 
10 year performance at CP is +274.78%.
10 year performance at AOI is -71.25%.
 
Just like a picture - numbers also say a thousand words.........
 
Lastly, never forget that everyone is not only accountable, but also replaceable up to and including the CEO.
 
Shahin please ensure the good Doctor gets my message loud and clear. 
 
GLTA.
Comment by Suppe11 on Feb 09, 2024 4:58pm
Did you send the message to Aoi ? Hahaha. At Oak Island someone from the crew is so nice at least,  to throw a 200 year old penny into the dust, from time to time. Funny, that I thought about Keith Hill today and if he would have done it worse. If I have to choose between the two, I would take Caligulas horse, it's cheaper and it gets no free shares. Btw. I think the underperformance ...more  
Comment by Jimbino44 on Feb 09, 2024 7:46pm
Agreed wholeheartedly. This new regime is a disaster, talk about piss poor performance,makes you miss the Lundin's involvement and oversight. There needs to be a sizeable increase in the dividend to halt the free fall in the share price.
Comment by Suppe11 on Feb 09, 2024 9:16pm
While I understand the cry for a higher divi....let's get the cash first ! No more the piggy bank for 5-times overhead (Eog, Afe, Prime, Impact, Aoi), no more wasting of money for projects, who produce meaningful cashflow 10 years out...and no money for a stand-by credit for 2 years....and maybe...bring down the debt at Prime=stop wasting ressources for debtholders interest payment, stop ...more  
Comment by Lonegaurdian19 on Feb 10, 2024 2:36am
The manner in which this company conducts itself is that of a mature divy payer. The leverage on the only producing asset is fine if you pump out more cash. $.10 a year in dividends is $47 million, that should be the starting line. They arnt dynamic enough to attract any other shareholders. They def think they are but let's be honest, it's way easier to be patient while being rewarded ...more  
Comment by Malpeque2 on Feb 11, 2024 3:33pm
Just put together a slate and run a slate for BOD.    Nobody actually would vote "FOR" these people on the BOD now if they had a real choice.   As it is I can figure they get a little more than Helios and the insider shares,   and that is about it.  
Comment by firstworld on Feb 13, 2024 9:46am
AOI is not for penny chasers...sell your shares if dont like  it and buy pump amd dump like VLE for fast money swing trades or better yet "investment grade bitcoin haha or hyper inflated chips CN makes at 20% of cost for 90% of performance. Also great to invest in UA real estate at the moment once RU is at the PL border it will spike in value haha. Tucker needs at least 6 mths to a ...more  
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