Africa Oil Corp (AOIFF)

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What I appreciated the most about the AOI presentation is the up-front honesty and openness about the current situation and how it affects their plans going forward. I think the appraisal of the current oil situation that Keith presented is realistic. It certainly aligns with my personal view of how things will unfold.

I believe in this current price range, AOI is quite undervalued. Keith spoke about recent institutional buying which would seem to support that. It might be a long time before it regains the $9-$10 range, but at this price, it's nothing short of a steal. I have to chuckle about Keith talking about oil companies trying to peg the bottom. I imagine there's more than a few of us trying to do exactly the same thing.