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Africa Oil Corp. (0QVL.L)

YHD - YHD Delayed price. Currency in USD
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+1.96 (-)
At close: 05:07PM EST
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  • D
    Dominator
    Who is ready to make some money on this one! Big news coming out for December plans!!
  • L
    Loco
    Been laying in the weeds on this one after I got our earlier this year at round $1.20. Bought back in on sell-off today. Good longer term hold. Africa the last oil frontier!
  • L
    Luke
    Africa Oil (OTCPK:AOIFF): Q3 GAAP EPS of $0.12.
    Total operating income of $69.75M (+119.6% Y/Y)

    That’s a nice .06 beat on EPS.
  • L
    Luke
    U.S. stock futures, crude oil rise as investors watch for Omicron's effects
  • A
    Andy
    2.3556$ book value
  • L
    Luke
    ER is going to make a small but significant jump in SP. I expect a beat on EPS and look forward to earnings call. Good luck to all. Nov 12th!
  • D
    Dominator
    One year target of 16.53?!
  • Y
    Yahoo Finance Insights
    AOI.TO is up 6.81% to 2.04
  • D
    Dominator
    Going way up after ten am!
  • L
    Luke
    Any thoughts on company timeline to make a move to NYSE?
  • L
    Luke
    Adding today. GLTA
  • W
    WCSG122
    This is so undervalued. Company recently received a $75MM dividend from their 50% joint venture ownership in Prime with YTD dividends totaling $150MM. With that dividend, AOI paid down their debt to $23MM, and are now in a positive net cash position. Prime debt now approximates $1 billion. I expect one more distribution in Q4 increasing AOI’s dividend from Prime to over $200MM for the year in which their cargoes were hedged at about $57/barrel.

    With Brent crude nearing $83/barrel, and futures throughout 2022 at or above $75/barrel, Prime should be able to hedge the rest of their 2022 cargoes at close to an average of $75/barrel. In the Q2-21 earnings presentation, management provided a free cash flow estimate of $840 million for AOI’s 50% interest at the $75/barrel level. Assuming half of this will be used by Prime to reduce the RBL, Prime could be in a position to pay down their debt $800MM, and dividend $400 million to each JV partner in 2022. At YE 2022, Prime’s debt will be nearing full retirement, and with the $500MM cash on hand, they will almost certainly be in a positive net cash position. Subsequent to that, if commodity prices hold and 2023 cargoes can be hedged at similar pricing as we go through 2022, Prime could conceivably double their payout to AOI in 2023. Management stated they expect to announce a shareholder return program by YE 21 that may include share buybacks, dividends, or both. Since the stock price appears to be priced at a deep discount, I would like to see a huge share buyback program over 2022 of at least half of the outstanding before any dividend is initiated. If done, the demand for shares will certainly increase, and the SP will respond accordingly. IMO, if the Board takes the right approach, this stock could easily soar over the next year. GL
  • D
    Dominator
    This looks like a golden gem
  • R
    RJ
    I wonder if this is a good takeover target?
  • D
    Dominator
    Something is brewing here
  • D
    Dominator
    Target of over 16 on yahoo. I think this will head last 8 very soon.
  • W
    WCSG122
    On 10/20/21, BMO Capital Markets bumped their price target to C$2.50. BMO has increased their price target twice in the last 90 days for a total increase of 42 percent. Likewise, Scotia Bank has bumped their price target twice in the last 100 days to C$2.25 for a total increase of 40 percent. As of yesterday's close, Brent crude was in the $85-86/barrel range and all monthly futures contracts through YE 2022 now exceed $76. This will allow the company to lock in their entire 2022 production from Prime at extremely attractive pricing. The analyst target pricing is before the determined shareholder return program announcement expected no later than in the first quarter. Anyway, I believe the target prices will prove much too low for the coming year. Will be interesting in hedging efforts at their Q3 earnings release. GL
  • Y
    Yahoo Finance Insights
    AOI.TO is down 5.80% to 1.95
  • a
    amasoak47
    Bought a few this week. My house needs a new furnace, hot water tank, and new windows. Lets go!!!
  • L
    Luke
    Just shy of 1M volume today!! Impressive. Exciting