Africa Oil Corp (AOIFF)

[douginil]

Africa Oil: Cash Flow Machine

[[ Thanks to GoldfingerU3O8 on Stockhouse
A very nice January 3, 2021 article from "Tracking Errors" ]]

Being a contrarian is easy in theory, but more difficult in practice… Now let me tell you about an emerging markets oil company. In 2020, Africa Oil (AOI) had a free cash flow yield of almost 50% and that actually understates the value proposition.

Last January, Africa Oil completed a transformative acquisition, buying 50% of Prime Oil and Gas. The market has yet to recognize the value of the transaction. Even in the highly discounted energy sector, Africa Oil stands apart in terms of value and an ability to thrive at low oil prices. In addition to its cash flow, AOI owns a portfolio of other assets that offer considerable upside.

Read article at:
https://trackingerrors.com/2021/01/03/africa-oil-cash-flow-machine/