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. > All energy workers in Russia must sign up for Conscription

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Post by 12groundpounder on Sep 23, 2022 1:34am

All energy workers in Russia must sign up for Conscription

Conscriptionhttps://oilprice.com/Latest-Energy-News/World-News/Russias-Oil-Exports-Plummet-By-900000-Bpd.html

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Comment by 12groundpounder on Sep 23, 2022 1:40am

I guess that means the price of oil is going up if the Russians supplies dropped off. Also if China isn't going to buy Russian oil and shy away from it like the article I posted said oils going to spike pretty good going forward especially end of the winter and when the SPR silliness is finally cut off.. Then they have to turn around and buy 1 million barrels A day To fill it back up

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Comment by firstworld on Sep 23, 2022 3:11pm

The other key considerationis that O&G commodity traders now have to post 100-150% cash security on margin trades VS the 10-15% previosuly so liquidity has evaporated for the most part driving extreme volatility and fabulaous swing trade grounds. The Minsk agreement specifics a vote for the regions voting now so the uproar is comical further more EU head Van der Leyen (her own family was USAs ...more

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Africa Oil Corp.