Africa Oil Corp. T.AOI

Forward sales

[Lonegaurdian19]

Really hope they future sold some cargoes, I really have no idea where oil will be in September but it's time they make up for their $70 forward sales almost all year. Let's get some positive stability there Keith

[Suppe11]

Prime has still close to 1b debt, so it's quite realistic, that they hedged Q4+Q1 regardless of what Keith Hill babbled in the cc...now we hope so.  Imho it was no no fault to hedge in advance (easy only with a crystal ball), but since the looming recession became clear (to me 1-2 month ago)...they should have taken some ships off the table.

[firstworld]

There is zero data to support any recession speculation. Unfilled vacancies are at never seen before highs....people will take any job to eat. This is all jsu fear mongering by Nazi supporters to rope in the peasants into beleiveing it's all Russia's fault and not the total incompetence of Nazi supporting govts during COVID and still handi g out welfare. Regardless, the Nazi supporting

[Lonegaurdian19]

Hopefully, kind of glad hedging hopefully is out of Keith's hands. His job is to monetize Kenya, that's about it. The rest is in the hands of others in terms of exploration and monetization. Impact, AOE, and Eco all have value but are so incestious it's tough to follow all the transactions. At this point I'd take $1 PB in ground for Kenya, it's a headache no one needs. If they

[toptiger]

mostly agreed, nothing wrong with fwd sales if the price is right, and have never had the opinion that keith isin charge of the sales aspect in prime. he is the most bullish person on oil going and yet fwd sales at low prices even if debt does come into it either way cant be any worse than some of the $66 cargoes we were getting

[Suppe11]

Not counting beans, but in Q2/Q3 the hedging will be $ 78.8/bbl on average.

[firstworld]

LOL Canadians were begging for $30 not long ago with the entire oil patch on welfare for two years  - I was happy to support 150 families with my taxes. Hilarious they all think, after 3 months of high prices, that the boom is back. If it is, thank Russia and our incredibly stupid politicians, because while RU sell oil to 7.5B people at 30-60% discount to Brent, the 800M Nazi supporters in