Africa Oil: A Strong Buy With Positive News Flows And De-Risked 11.6% Dividend Yield
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Africa Oil is set to complete its consolidation of Prime Oil & Gas in Nigeria, doubling production and enabling a de-risked 11.63% dividend yield. The stock is considered undervalued with potential upside.
November 06, 2024 | 10:00 am
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Africa Oil's consolidation of Prime Oil & Gas in Nigeria is expected to double production and secure a high dividend yield. The stock is seen as undervalued with significant upside potential.
The completion of the farm-down and regulatory approval in Nigeria allows Africa Oil to consolidate Prime Oil & Gas, doubling production and securing a high dividend yield. This de-risks the investment and presents a strong buy opportunity with potential upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100