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Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > the price appears that it is being controlled
View:
Post by Rsoleblocka on Jan 05, 2022 1:58pm

the price appears that it is being controlled

Somebody wants to get as much as possible before it rises? Wierd trading with all the volume and narrow range
Comment by minigoon on Jan 05, 2022 2:03pm
Here is the latest one !   10:35:48 T 1.90 0.05 499,500 39 Merrill Lynch 39 Merrill Lynch K
Comment by toptiger on Jan 05, 2022 3:48pm
totally agree, this is so wierd for aoi having held for over 10 years and counting, volume is ten times the recent daily average and not bguying the idea that there are equal differeing opinions at this price, buyers equalling sellers someone is loading up and i think we will get an announcement at some point and why not do it over christmas, this started arouind 21/12
Comment by toptiger on Jan 05, 2022 3:50pm
and if anything volume should have dropped as price gets higher, all things being equal
Comment by EGF30 on Jan 05, 2022 7:30pm
Algos maybe, but my old fart crystal balls started twitching non-stop since they paid off the corporate debt. I believe they have made a big aquistion and that is the reason for the high volume and no movement. Fat cats are loading up. In any event, all good and looking forward to my first AOI Divy how ever much it may be. GLTA.            
Comment by firstworld on Jan 06, 2022 1:27am
So you're saying insider trading? Best case it's pump and dump given by the volumes and minimal price movement. Worst case it's insider trading in which case hope the Swedes get on top of because they send people to prison for than unlike Canada where it's a fun sport LOL.
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