Added to YB: 2024-01-16
Pitch date: 2024-01-15
AOIFF [bullish]
Africa Oil Corp.
-19.67%
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 2.27
Price Target
N/A
Dividend
5.85%
EV/EBITDA
3.63
P/E
-2.04
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Africa Oil: The Impact On Impact
AOI:CA holds stake in Venus discovery via Impact subsidiary, carried by TTE. Interests in non-income partnerships like HPMCF & ECAOF. Cash flow supports drilling without dilution. Risks: project failures, fundraising, politics. Dividend & buyback signal undervaluation. Speculative small part of portfolio.
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