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. > Earnings

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Post by DAGUY on Aug 07, 2024 9:26pm

Earnings

Sure would be nice if they could post somewhat consitant earnings.. 10 cents a quarter would be 43M in net earnings a quarter, shouldn't be hard selling up to 3 cargos a quarter.

Really wish last year they would have upgraded the dividend 20% (1 cent a share, 4.5ish M a quarter) and this year another 1-2 cents a share. Would have maybe made a difference with investtors to tell them they are doing something for shareholders, without giving away the farm!

So much potential with no results for shareholders... Watch another poor quarter again! Hold on and wait for next year getting all of prime. Wait for another 5 years for for oil... So much potential! :(

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Comment by Lonegaurdian19 on Aug 08, 2024 12:59am

I don't really think earnings will matter once the merger goes through. AOI is essentially handing the keys to bankers (albeit 30%) as such they want to get paid so they dictated a cash flow to dividend ratio. The merger will also smooth things out as it will be double the cash flow and no need for lumpy distributions by 2 entity's controlling 50%. Honestly, the Hedging was not AOI ...more

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