Added to YB: 2024-11-13
Pitch date: 2024-11-06
AOI.TO [bullish]
Africa Oil Corp.
+4.76%
current return
Author Info
No bio for this author
Company Info
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea.
Market Cap
CAD 853.9M
Pitch Price
CAD 1.72
Price Target
3.84 (+111%)
Dividend
5.85%
EV/EBITDA
3.63
P/E
-2.04
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
value
Africa Oil: A Strong Buy With Positive News Flows And De-Risked 11.6% Dividend Yield
AOI.TO: Consolidating Prime Oil & Gas doubles production, enabling 11.63% yield dividends. Nigerian approval & 20-yr PML-52 extension de-risk dividends. Undervalued at 0.49x NAV. Catalysts: Venus development FID by 2025, exploration in Orange Basin. Risks: drilling, development delays. 100% upside potential.
Read full article (8 min)