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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, 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

Post by EGF30on Apr 17, 2024 3:27pm
222 Views
Post# 35994475

JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKC

JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKCWell Doc, after being an investor in AOI for over 12 years - and little to show for it I didn't think today would be the day that I would start divesting my AOI, but here we are.

I have to thank you and your team's presentation today to help push me over the edge.

My reasoning is very simple and as I recently came across an article called 'Prospect Theory' this also helped push my decision as well.

When I think what are the chances that CPKC will double in the next 4-5 years and then again in the next 4-5 years after that is pretty darn good.

Like real darn good.

While the case could arguably be made for AOI to also perform like this, the reality is probably not.

No reason to not hold on to some shares for a long term hold, but my money has gotten much smarter over the years and it has told me loud and clear it has no intention of waiting another 5 years - or more to see if the good Doc is worth his salt or not.      

When I think of these four executives versus the executive team of CPKC, well again there is nothing to think about.

Laser focused versus not laser focused.

What a great feeling to finally break the chains of a long term laggard.

I sold a small amount at $2.49 versus a cost of $1.89 and immedaitely used the proceeds to pick up a few more CPKC.

See ya next quartely call Doc.

Double the dividend and pay it quarterly like everyone else does.       

GLTA.             
   
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