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. > Buyback

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Post by Lonegaurdian19 on Jul 27, 2022 3:19am

Buyback

Is a $75 million buyback unreasonable with our revenue based on roughly $70 oil YTD? With 477 million shares outstanding, prime managing debt and spitting out dividends. The AOI Dividend is poultry almost laughable, there isn't much they can buy in this environment so let go Keith. Hoarding cash isn't a move, not sure we can get rid of a Keith but if things don't start happening the board can definitely be targeted to bring about change given the low voting turnout.

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Comment by firstworld on Jul 28, 2022 1:11am

Hoarding cash so when Germany shuts down this winter and rest of europe collapses to a massive welfare bloc, along with oil to $20 bbl, they can pick up highly leveraged assets $0.05 on the dollar before EU abandons its Nazia support or all the govts are kicked out by electorate, on top of the six who already got the boot in last three months. Maybe they can pick up some RU assets that serve 90 ...more

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Africa Oil Corp.