Streetbeat News

AOIFF

Africa Oil Corp

http://www.africaoilcorp.com/

CEO

Keith Hill

Industry

Crude Petroleum and Natural Gas Extraction

Open

1.46

Mkt cap

651M

Volume

16K

High

1.47

P/E Ratio

-1.79

52-wk high

1.97

Low

1.46

Div yield

0.03

52-wk low

1.24

Africa Oil reported a Q3 2024 net loss of US$289.2 million due to a non-cash impairment, but adjusted net income was US$25.3 million. The company saw a 13.3% increase in production and resumed share buybacks, with plans for high-yield dividends, indicating potential share price recovery.

Portfolio Pulse from

November 20, 2024 | 2:00 pm

Africa Oil Corp.'s acquisition of Prime Oil and Gas is set to double its free cash flow and enhance shareholder returns. The acquisition supports a base dividend policy yielding 11%, with potential for a 33% yield.

Portfolio Pulse from

November 18, 2024 | 10:00 am

Africa Oil Corp. (OTCPK:AOIFF) held its Q3 2024 earnings conference call on November 15, 2024. Key participants included the company's CEO, CFO, and CCO, along with analysts from Water Tower Research, Stifel, and Barclays.

Portfolio Pulse from

November 15, 2024 | 7:15 pm

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.

Portfolio Pulse from

November 06, 2024 | 10:00 am

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