Africa Oil Corp. T.AOI

Hello $140 oil!

[firstworld]

Looking forward to the $100 M prime div payments - with only 28 people at AOI. Can't wait to pay $4L for super!

[Hope4Best779]

Except you won't be benefitting at Africa oil. You waited a decade for higher prices and management sold forward most production at $73. The best you can say is break the contracts. I don't know much about the oil market but I could certainly see higher prices.Down again in stockholm. I think its now lower than before the discovery in namibia. Says an awful lot about what shreholders think

[firstworld]

I know I'm still up 80%. Have only had it.since it was 1.20. The SP makes no sense when junk like TCW trading at 3 for a profit of 20M on 500M revenue. Pretty sure it's just Algo and pobably a bunch of people unloading everything while the west throw a mega tantrum because they couldn't bully RU around by parking weapons on the front door in the hand of drug dealing human trafficking

[Hope4Best779]

Even Western Canadian Select is almost $100, but africa oil selling its light oil at $73. And they were just a few short months ago going to be unhedged in April and open to the higher oil prices. What the hell did they sell forward at $73 for? Hence the sellof. Why would management not expect a selloff. I don't want shares in a company with management like that.