Had a Short position on this for a while. Located in Kenya, Ethiopia and Somalia. Shorted this because it is a new basin so there is a question of valuation and tends to be a bit too frothy expectation. It will take them a while to deliver any meaningful production, possibly 2018, at the earliest. Thinks there could be significant weakness in the share price going ahead.
They did what they said they would do. Crazy big wells. There is no infrastructure near these wells. The stock could double, but there is political risk and no infrastructure.
Based in Kenya and South Sudan. Drilling expensive wells. Spent a lot of money. You won’t see production until 2020-2022. He is short but would buy on positive news.
Have been some major discoveries hear their area. The hit more water than they expected to. Longer term this is probably a very good story. People are taking a breather. Not a bad entry point.
Africa Oil Corp. is a Canadian stock, trading under the symbol AOI-T on the Toronto Stock Exchange (AOI-CT). It is usually referred to as TSX:AOI or AOI-T
In the last year, 1 stock analyst published opinions about AOI-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Africa Oil Corp..
Africa Oil Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Africa Oil Corp..
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1 stock analyst on Stockchase covered Africa Oil Corp. In the last year. It is a trending stock that is worth watching.
On 2023-05-31, Africa Oil Corp. (AOI-T) stock closed at a price of $2.88.
Recent success a bright spot for oil companies.
Delay in Nigeria drilling a concern.
Funding concern in Kenya will determine outcome for the business.
Wonderful performance the past few years.