Africa Oil Corporation—Activist Opportunity And Takeover Target by Talmage Adams About: Africa Oil Corporation [TSX: AOI] Mentions: Africa Energy Corporation [NASDAQ Stockholm: AEC] Eco (Atlantic) Plc [TSX-V: EOG] Summary Cash cow with low-cost (<$15/bbl breakeven) PDP reserves and a strong balance sheet (0.5 Net Debt/EBITDAX).
Excellent initiative. I will support this effort and also contact the BoD referencing your correspondence. We have a reasonable sized position. Cheers John.
Your valuation assumes 2 years at 80 USD/barrel then falling back to 55 USD/barrel until the wells dry up, correct?
You mention the lack of insider ownership, which, i agree, it is something to monitor and a potential risk. But what do you think of Keith Hill's trackrecord? Did he had such a poor ownership in his previous companies he managed were he achieved excellent returns?
Thank you a lof for a great text, you are surely gifted in what you do. Lets elect you to the board :) (only one board, we dont want you to take the full 5 board approach with all the money that comes with that)
great write-up!
Capital allocationis the big question/threat here
How do you explain the ~$35/bbl FCFE breakeven for Prime operations? (slide #5, Aug'21 corp presentation)
Great post. Learned a lot, thanks. Did you see this? https://mfn.se/cis/a/africa-oil/africa-oil-corp-africa-oil-announces-positive-amendments-to-its-corporate-facility-36139725
As I understand it they’re opening up for selling their listed holdings.
Excellent initiative. I will support this effort and also contact the BoD referencing your correspondence. We have a reasonable sized position. Cheers John.
Great write up about a great company, thanks!
Your valuation assumes 2 years at 80 USD/barrel then falling back to 55 USD/barrel until the wells dry up, correct?
You mention the lack of insider ownership, which, i agree, it is something to monitor and a potential risk. But what do you think of Keith Hill's trackrecord? Did he had such a poor ownership in his previous companies he managed were he achieved excellent returns?
Thank you a lof for a great text, you are surely gifted in what you do. Lets elect you to the board :) (only one board, we dont want you to take the full 5 board approach with all the money that comes with that)
Great, meaty write-up. We need more. Like maybe Canadian forest products, I'm thinking. (off the top of my head).
Great work, thanks a lot!
amazing tal ... your intelligence and drive to thrive are simply top notch ... nice pop in stock today too