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. > KH....NCIB another screwup?

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Post by Ogopogo007 on Oct 11, 2022 9:40pm

KH....NCIB another screwup?

Some posters have opined about how KH screws up again (Kenya) and again

IMHO NCIB is just another screwup, waste of shareholder $$$.

if they want to return $$$ to shareholders...increase the div's...at least that's $$$ into my account. Shatre buybacks have done squat for my account.

Grow the freaking Co...drill baby drill

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Comment by Malpeque2 on Oct 11, 2022 10:06pm

Some people just can't be helped. The company announces a BUYBACK on Sept. 23 when the stock was under $2.50 and it closes today about 2 weeks later over $3.00 after hitting at 52 week high of $3.15 but this shareholder does not notice any extra cash in their account! Drill baby Drill are the old Jarheads of the E&P Business.

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Comment by hikari on Oct 12, 2022 3:47am

8 year high

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Comment by Lonegaurdian19 on Oct 12, 2022 11:06am

Current buyback is alright. If you look at the letter to KH that was drafted some months ago the ROI on the buyback was laid out quite well. That being said, the share appreciation is making that less and less attractive. So, what should he do next? I'd argue double the dividend. Win-win, he gets to brag that he saved money by buying back shares that will cost nothing via the new dividend ...more

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Africa Oil Corp.