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.

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Africa Oil Corp. > effects of buybacks are everlasting...rookie investor?

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Post by GripnRipon Oct 13, 2022 11:31am

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Post# 35022368

effects of buybacks are everlasting...rookie investor?

Others have posted studies that share buybacks are anything but everlasting...just rewards flippers that are no longer shareholders and gets mngmnt Options into the money.
Usually wastes money on financial engineering, not real engineering....just look at Boeing
https://www.newsweek.com/boeing-airlines-under-fire-90-billion-share-buybacks-stoke-controversy-bailout-pleas-least-1493934
Mngmnt should get rewarded when they grow the company into a size a Major wants to buy at a premium...not when they spend shareholder money to feather their own nest.

Dumbest thing ever to buy back shares at ATH

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