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. > Buyback done?

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Post by Lonegaurdian19 on Jul 24, 2024 9:30pm

Buyback done?

Is the buyback no longer happening because of the merger that is due to happen in 9 months?

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Comment by Suppe11 on Jul 26, 2024 4:43am

It looks like...but the buyback didn't help much anyway...

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Comment by firstworld on Jul 26, 2024 11:42am

LoL so glad my stop triggered a while back already made 20%on that $200K This thing has zero tactical value it's all strategic, only good for Csuite accumulating cheap shares through options, comp, while earning far above industry standard for performance delivered. I will buy back in at 2.20

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Comment by Suppe11 on Jul 27, 2024 11:17am

Nice try...the last time you bought was on the Venus speculation in the 2.80ies, so you lost 20% on that 200k.

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Comment by firstworld on Jul 28, 2024 12:00pm

Haha I have never lost money on AOI. Glad I'm out earning 4-6% mth on the former AOI funds. Too bad youre stuck holding this dog.

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Comment by Suppe11 on Jul 28, 2024 5:37pm

I'm not stuck...re-bought after the Venus deal and in the lows, my average is around 2.20. If their merger will take place and they raise the divi+name change, it's an easy double. Of course oil should stay at least more or less flat. A few "Ifs", but that's the speculation part.

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Africa Oil Corp.