Africa Oil Stock News

Africa Oil's (AOIFF) CEO Keith Hill on Q4 2021 Results - Earnings Call Transcript

Africa Oil press release (AOIFF): Company ended Q4 with cash of $58.9M and a zero debt balance in comparison to cash of $40.5M and outstanding debt balance of $141M at the end…

Sweden’s OMXS index was down 5 percent by 2pm, with heavyweights Evolution, Autoliv and SEB earlier on Thursday falling six percent or more on the stock market. Trade company Ferronordic, which has significant trading with Russia, was hit the hardest on the Stockholm exchange with shares down 23 percent at 11.30am. Meanwhile, several oil companies increased their stock value after oil prices soared in the wake of the attack: Africa Oil was up 15 percent, Tethys Oil 11 percent and Lundin Energy almost four percent, reported Swedish news agency TT on Thursday. Banner ad Sweden’s state-owned power company Vattenfall said in a press statement that it would halt its planned purchases of Russian nuclear fuel. It had previously signed an agreement with TVL, a subsidiary of Russian nuclear power company Rosatom, for the supply of nuclear fuel for Swedish nuclear power station Ringhals’ reactors 3 and 4. “We are deeply concerned by the serious security situation in Europe and Russia’s invasion of Ukraine,” Vattenfall wrote on its website, saying that no planned deliveries would take place and no new orders would be placed “until further notice”.

Africa Oil Corporation is a cash flow giant at $90+ / barrel Brent from Prime Oil and Gas. The company has no net-debt and a recent debt re-determination is expected to start 2022 shareholder returns.

Africa Oil: The Cash Flows In

Africa Oil Corporation significantly outperformed in 2021, not surprising to us given the company's valuation. We expect its outperformance to continue, if not increase, as the company shifts from deb

Africa Oil (OTCMKTS:AOIFF) had its price target increased by Scotiabank from C$2.25 to C$2.50 in a report issued on Wednesday morning, The Fly reports. The brokerage currently has a sector perform rating on the energy companys stock. AOIFF has been the subject of a number of other reports. BMO Capital Markets increased their price target []

Africa Oil (OTCMKTS:AOIFF) had its target price upped by Scotiabank from C$2.25 to C$2.50 in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has a sector perform rating on the energy companys stock. Several other analysts also recently issued reports on the company. Barclays reiterated an equal weight rating []

Africa Oil (OTCMKTS:AOIFF) had its price target lifted by analysts at BMO Capital Markets from C$2.50 to C$2.75 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an outperform rating on the energy companys stock. Other analysts have also recently issued reports about the company. Barclays []

Africa Oil Corp. (AOIFF) CEO Keith Hill on Q3 2021 Results - Earnings Call Transcript

Africa Oil Corp. (OTCMKTS:AOIFF)s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.50 and traded as high as $1.68. Africa Oil shares last traded at $1.65, with a volume of 13,144 shares changing hands. A number of research firms have []