CA - Africa Oil Corporation: Buy The Punished Small Cap
2024-05-28 08:14:31 ET
Summary
- Africa Oil Corporation has been punished by the market as a small cap oil company as prices have dropped.
- The company has incredibly strong cash flow with the potential for additional developments in Nigeria.
- Over the next few years, we expect the company to grow production, generating substantial long-term shareholder returns.
Africa Oil Corporation (OTCMKTS: AOIFF ) is a small-cap oil company, with a market capitalization of $800 million. The company has worked to steadily improve its balance sheet, ditching its original Kenyan asset that struggled to move towards completion, and acquiring Prime Oil and Gas along with numerous other exploratory stakes....
Africa Oil Corporation: Buy The Punished Small Cap