Africa Oil Corp. (AOIFF)
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Africa Oil Corp bullish on Nigeria growth, Namibia long game
Canada's Africa Oil Corporation will double its Nigerian output and the size of its reserves there once it completes its deal for full ownership of Prime Oil next Tuesday, a senior company executive said.
Africa Oil Corp.'s Earnings Spell Opportunity
Africa Oil Corp.'s 4Q 2024 earnings justify its $600 million market cap, with strong 2025 prospects for shareholder returns despite production issues. The merger with BTG Oil & Gas will double FCF, enabling a $100 million annual dividend and potential share repurchases. The Venus Oil development offers long-term growth, with TotalEnergies covering costs, and significant future production from South Africa's Orange Basin.
Africa Oil Corp. (AOIFF) Q4 2024 Earnings Call Transcript
Africa Oil Corp. (OTCPK:AOIFF) Q4 2024 Earnings Call February 28, 2025 9:00 AM ET Company Participants Shahin Amini - Investor Relations Manager Roger Tucker - President and Chief Executive Officer Pascal Nicodeme - Chief Financial Officer Oliver Quinn - Chief Commercial Officer Conference Call Participants Harrison Lock - Stifel Operator Hello, everyone. My name is Sonia and I will be your conference operator today.
Our Top Oil Pick For 2025 Is Buying Back Shares
Africa Oil Corporation's share repurchase program aims to reduce outstanding shares by 6% annually, enhancing shareholder value alongside a robust dividend policy. The company is expanding through strategic agreements and increased ownership of promising assets, ensuring future growth and strong cash flow. With a projected $200 million in capex and $400 million in operating cash flow, Africa Oil expects substantial free cash flow, supporting shareholder returns.
Africa Oil's Q3 2024: A Strong Quarter Signals Impending Share Price Recovery
Africa Oil's Q3 2024 net loss of US$289.2 million was due to a non-cash impairment; adjusted net income was US$25.3 million, with strong EBITDAX and free cash flow. Production increased by 13.3% in Q3 2024, with further growth expected; no planned maintenance shutdowns for the rest of 2024. The company resumed share buybacks and plans high-yield dividends, presenting an attractive investment opportunity as the stock is undervalued.
Africa Oil Corp.: Strategic Acquisition Driving High-Yield Potential
Africa Oil Corp.'s acquisition of Prime Oil and Gas will double FCF and provide substantial shareholder returns, with a combined market cap of $875 million. AOIFF has a strong portfolio, including a 39.5% stake in Impact Oil & Gas, worth over half of its market cap. The reliable cash flow from Prime Oil and Gas assets supports a base dividend policy of $100 million, yielding 11%, with potential for a 33% yield.
Africa Oil Corp. (AOIFF) Q3 2024 Earnings Call Transcript
Africa Oil Corp. (OTCPK:AOIFF) Q3 2024 Earnings Conference Call November 15, 2024 9:00 AM ET Company Participants Shahin Amini - Investor Relations Manager Roger Tucker - President and Chief Executive Officer Pascal Nicodeme - Chief Financial Officer Oliver Quinn - Chief Commercial Officer Conference Call Participants Jeff Robertson - Water Tower Research David Round - Stifel Matt Cooper - Barclays Operator Hello, everyone. My name is Nadia, and I will be your conference operator today.
Africa Oil: A Strong Buy With Positive News Flows And De-Risked 11.6% Dividend Yield
The completion of the farm-down of Impact's interest in Namibian blocks 2912/2913B cleared the path for Africa Oil to complete its consolidation of Prime Oil & Gas in Nigeria. Owning 100% of Prime will double production, enabling 11.63%-yielding dividends. Nigerian regulatory approval of the Prime consolidation and the 20-year PML-52 extension de-risk these dividends for the foreseeable future. In this article, I argue that AOIFF's recent pullback has made the stock deeply undervalued, with around 100% upside. A series of near-term catalysts, along with an expected tripling.
Africa Oil Prime consolidation plan cleared by Nigerian regulator
Africa Oil Corp (TSX:AOI) announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved the amalgamation of its subsidiary Africa Oil Papa Corp with BTG Pactual Holding S.à r.l. This transaction will allow Africa Oil to consolidate its 100% ownership of Prime Oil & Gas Coöperatief U.A.
Africa Oil: Simplifying The Balance Sheet While Reducing Cash Needs
Africa Oil should grow tremendously over the coming 10 years. Africa Oil consolidates Prime Oil & Gas ownership. The second quarter results show an interruption in production due to the drilling campaign.
Africa Oil Corp., Buy The Dip
Africa Oil Corp., with a market cap under $700 million, has a strong cash flow and asset portfolio, making it a solid long-term investment. The company has spent over $50 million on dividends and buybacks and holds 25% of its market cap in cash, ensuring robust shareholder returns. Strategic decisions, including consolidating Prime Oil and Gas and farm-down transactions, will enhance future growth and cash flow.
Africa Oil Corp. (AOIFF) Q2 2024 Earnings Call Transcript
Africa Oil Corp. (AOIFF) Q2 2024 Earnings Call Transcript
