Africa Oil Corp (AOIFF)

[douginil]

Interesting mention of Africa Oil


Marin Katusa: Tricks Anybody Can Use to Out-Invest the Top Fund Managers

Source: Karen Roche of The Energy Report (6/30/15)

http://www.theenergyreport.com/pub/na/marin-katusa-tricks-anybody-can-use-to-outinvest-the-top-fund-managers

You don't have to be a geologist or a workaholic fund manager to spot deals in the natural resources space—although it helps if you know a good one. Focus on the people behind the company, find out if they have skin in the game, and wait until you can get in at a lower price than their price. Then be patient.

TER: How about some names that are up and coming?

MK: The first question you have to ask yourself is "What is your risk tolerance?" I have a very high risk tolerance. I use $55/bbl oil as my base case for oil prices. If a company can't make money at that price, I avoid it.

There's one exploration company that I think you can be patient with. I think it's going to go down lower even though I love the management team. I currently don't own any, but I'm watching it very carefully. I've been to the project. It's a Lundin company that doesn't produce any oil, but has huge potential, even if it is ultra-high risk potential. Africa Oil Corp. (AOI:TSX.V) is in Kenya and it is a true contrarian play. That is one worth watching. It's not shale oil, but it has world-class, elephant-size deposit potential.