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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, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. 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 Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). 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 Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.


TSX:AOI - Post by User

Africa Oil Corp. > No dividends now 4+ months
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Comment by papaloapanon May 11, 2021 5:33pm
167 Views
Post# 33179018

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No dividends now 4+ months

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No dividends now 4+ months
I've been in that long as well, but have also averaged down.

Given a 5 year horizon, I would start building a position now.  Other than short term market volatiltiy, there is no reason for the stock to move much lower than present levels, but there are a series of catalysts that will help valuation and market perceptions.  

Very substantial cash flows, probable near term refinance of acquisition loan and RBL, strong track record in various investments, likely dividend - and all from reinvesting that cash hoard.  Even the Kenya project will reach fruition, but they found a way to monitize the find well before fruition.  As news occurs, EPS begins, perceptions will change. 

Five years out it has a lot of room to run, but 12-24 months is likely to see the biggest percentage move.  
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