Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > KISS

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Post by papaloapan on Oct 08, 2021 6:07am

KISS

I think you need to be careful not to overthink the finer details here. They have an effect, but this calls for a broader view.

- Debt free, net of cash, at the corporate level
- likely minimum $50 mm + quarterly dividends coming in for forseeable future
- potential dividend from Africa Energy circa $+100mm / end 2022 from sale of 11b/12b
- $1B total debt in Prime, and $500mm cash, Likely net zero within two years.

Outlook for energy prices as stable/strong as they have been for a long time, and management actively looking to add flowing barrels.

Sit back and let management effect the transformation.

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Comment by toptiger on Oct 08, 2021 12:44pm

good post but think you bhave undervalued afe stake

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Comment by papaloapan on Oct 11, 2021 4:52am

You are correct; $100mm is very conservative. Twice that level might be more realistic. As for the dividend comment, it was awkwardly written; dividend sshould be at least $50mm, but likely well higher.

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