Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

The company Africa Oil Corp. (AOI-T) has shown mixed results, with disappointment regarding their Kenyan assets but continued success in Nigeria. The retirement of their CEO/founder has raised some concerns among experts, but their performance based on Nigerian assets has been consistently positive. Despite selling their Kenyan operations, they remain active in Nigeria, Namibia, South Africa, and Guyana. Overall, Africa Oil Corp. presents a global exploration risk/reward opportunity for investors, particularly for those who enjoy this type of investment.

Consensus
Mixed
Valuation
Fair Value
PAST TOP PICK
Africa Oil Corp.
(A Top Pick Sep 02/22, Down 5%)

Disappointed that their Kenyan assets have taken longer to mature.  They continue to do well in Nigeria though. Troubling though not surprising is their CEO/founder retiring. He remains long.

Oil and Gas (Integrated Oils)
PARTIAL SELL
Africa Oil Corp.

He trimmed. Notes with some trepidation the retirement of the CEO, who is a personal friend. Amazing performer based on Nigerian assets. Exposes you to some political risk.

Oil and Gas (Integrated Oils)
PAST TOP PICK
Africa Oil Corp.
(A Top Pick Sep 02/22, Up 29%)

Sold Kenyan operations, but still active in Nigeria, Namibia, South Africa, and Guyana. He'd still recommend it for people who enjoy global exploration risk/reward. If you're looking for dividends, stick with conventional oil/gas.

Oil and Gas (Integrated Oils)
HOLD
Africa Oil Corp.

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. 

Oil and Gas (Integrated Oils)
TOP PICK
Africa Oil Corp.
Excellent stock for risk oriented investors. Assets are worth double current market capitalization. Debt being paid off fast, with high exploration upside. Major undeveloped deposit in Kenya coming for free with current market cap. Despite political & oil price risk, current discount on share price providing large margin of safety.
Oil and Gas (Integrated Oils)
BUY
Africa Oil Corp.
There are political risks. Price is based on Nigerian assets alone. The major discovery in South Africa, world class discovery in Namibia and the exploration portfolio are not included in the stock price. The driver is production growth. Example of the sum of the parts is greater than the whole. The Lundin family has a controlling interest.
Oil and Gas (Integrated Oils)
TOP PICK
Africa Oil Corp.
Oil and Africa are both out of favour, so that's why he likes AOI. There's a LOT of political risk here, Kenya, but a billion barrels were discovered her which will reach markets in 2-3 years. They just did a $1.6 billion acquisition offshore Nigeria. A contrarian play. Be patient with this and avoid the headlines. (Analysts’ price target is $1.96)
Oil and Gas (Integrated Oils)
COMMENT
Africa Oil Corp.

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.

Oil and Gas (Integrated Oils)
HOLD
Africa Oil Corp.

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.

Oil and Gas (Integrated Oils)
SHORT
Africa Oil Corp.

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.

Oil and Gas (Integrated Oils)
BUY
Africa Oil Corp.

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.

Oil and Gas (Integrated Oils)
DON'T BUY
Africa Oil Corp.
Not many riskier places in the world to be in.
Oil and Gas (Integrated Oils)
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Africa Oil Corp.(AOI-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Africa Oil Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Africa Oil Corp.(AOI-T) Frequently Asked Questions

What is Africa Oil Corp. stock symbol?

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

Is Africa Oil Corp. a buy or a sell?

In the last year, 4 stock analysts published opinions about AOI-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Africa Oil Corp..

Is Africa Oil Corp. a good investment or a top pick?

Africa Oil Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Africa Oil Corp..

Why is Africa Oil Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Africa Oil Corp. worth watching?

4 stock analysts on Stockchase covered Africa Oil Corp. In the last year. It is a trending stock that is worth watching.

What is Africa Oil Corp. stock price?

On 2024-02-23, Africa Oil Corp. (AOI-T) stock closed at a price of $2.27.