Africa Oil Corp. T.AOI

I finally got fed up and sold AOI

[Ogopogo007]

A couple of div's that put $ into my account

A whack more $$$ spent on NCIB that did squat like NCIB's usually do - nothing but waste shareholder's $$$ and seldom reduce share count as mngmnt gifts themselves more in options, RSU etc...for all the hard work they do

I missed the $2.60's but exited in $2.50's

[Lonegaurdian19]

I think AOI will de well with EA gas, then who knows

[Suppe11]

In my book the converter/transport gets the LNG premium. The producer get's the NG market price. Ng is 1.80. Noone will even look at Ng offshore...South Africa (AFE) is a special situation there, not comparable. What did Prime for the Nigerian Ng in Q3...1.50-1.80 ? If it's not a fixed price, they are near zero now.

[GripnRip]

which is worse for shareholders? offshore Nat Gas Onshore nat Gas stranded by inability to pipeline to LNG plant on coast? BC has a whack of "planned" LNG projects but Nat Gas is 1,000+ KM & a few mtn ranges, FN's away

[Suppe11]

Ng is always garbage,  because you always explore for oil, which has a higher margin. So if you were unlucky to hit just Ng, you'll try to make the best out of it. In the case of Aoi....they bought in the NG stuff in EG, for some green/brownfield tries = wasting time + money.