Africa Oil Corp. T.AOI

Capital return

[Lonegaurdian19]

From what I would assume they'll declare a $.025 per qr divy, then a $50 million buyback. That would amount to roughly $96 million returned per year. So they'd decrease the share count by around 8% and the have a yield of around 7%. I can't really see them going above $.025 initially, unless they hedge out further above $70 a barrel for q3-4.

my two .5 cents

[papaloapan]

Difficult to speculate, but we do know they will do both, and that they have a myriad of operations.  I am more interested to see how things unfold in 2022. Annualized Q3 net is about $0.49.sh.  Seems reasonable since productio has been surpressed, hedges are running off, and oil is firm at higher prices. Corp. level debt is gone.  Even on the Prime level, the reserve loan, net of

[Lonegaurdian19]

Why not just buy the other half of prime? All share transaction?

[papaloapan]

Likely not for sale, and if it were, it would certainly be much more expensive, but God forbid we pay wifh stock