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Bullboard - Stock Discussion Forum Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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. > Another View on Results
View:
Post by retiredcf on Nov 20, 2022 8:26am

Another View on Results

Results look good, with EPS of 14c beating estimates of 10c. Revenue of $76.5M beat $68.6M. EBITDA of $210M beat estimates of $65.8M. Income rose 21%, cash is $207M. AOI continues to aggressively buy back shares. Assets rose 15%, production guidance was maintained. This was a solid quarter and the stock remains very cheap and the company is financially strong. (5iResearch)
Comment by firstworld on Nov 20, 2022 5:02pm
Nice Summary. Europe oil storage is full of RU oil in advance of no further RU oil buys, except from Jewlish middle men, so this could be flat for a few months now pending various drilling results.
Comment by DAGUY on Nov 21, 2022 10:43am
I thought the quarter was good... Hoping for some good news on Kenya sooner rather that later... 
Comment by hikari on Nov 23, 2022 1:10am
TotalEnergies plans ultra-deep water probe on massive extension of Venus Venus West well may be drilled on the abyssal plain - aims to boost existing multi-billion barrel resource estimate of Namibian discovery   22 November 2022 11:11 GMT UPDATED  22 November 2022 14:40 GMT By Iain Esau   ...more  
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