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. > Is AOI going to spend $95,000,000 on div's this year?

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Post by Ogopogo007 on Oct 12, 2022 7:53pm

Is AOI going to spend $95,000,000 on div's this year?

$95 large / 455M shares is 20 cents/share...bring it on instead of wasting $ on share buybacks

M&A is also a great idea

Drilling another (or 3) Venus works also

JMHO

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Comment by DAGUY on Oct 12, 2022 8:24pm

no I believe around 24m usd on dividend. I can take either but buybacks should help the price go up that too is good for me in the end a higher stock price when I go to sell is the best thing. I think they are trying to please all shareholders and remember they mentioned they big shareholders didn't care for taxes on thru dividends. I showed their top shareholders and owning 64m shares you ...more

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Africa Oil Corp.