Added to YB: 2024-01-29
Pitch date: 2024-01-29
AOI.TO [bullish]
Africa Oil Corp.
-19.94%
current return
Author Info
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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 2.25
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
turnaround
Show full summary:
Africa Oil: The cheapest oil stock I know
$AOI.TO: Prime's Nigerian assets alone justify valuation; Venus (Namibia) & 3B/4B (S.Africa) provide huge upside potential; new mgmt brings focus on core assets, capital allocation clarity (buybacks+divs), & possible Nigerian acquisition; cheap valuation with insider buying.
Read full article (13 min)