RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKCFerryboy wrote:
I won't address all your points but I did watch the video of the presentation and they are simplifying their structure in term of cutting loose Eco Atlantic and Africa Energy. Not worth their time and they are focusing on their core areas. I think it was you who mentioned that Total wouldnt buy them because their set up was messy .. Roger mentioned that in the question period
Assets are good .. but they never did get that other "producing asset" and Nigeria production upside is limited
I think I can get a better return elsewhere for a while
Ok...I don't expect, that you cheer Aoi 1 day after you quit ;-)
The charm vs. other oilers/peers (the big boys aside) is, that the risk is lower too. Easy to imagine a scenario, where the leveraged peers wipe out their equity...you have one of the last men standing here.
Obviously, you don't want to have any oiler in such a scenary, but I guess, you've already seen it all too.
With that angle, Aoi is pretty solid. You just can't expect short term miracles and one day, the market will begin to price Venus in...they won't ring the bell for that event.