Africa Oil Corp.Long
African Oil AOIFF
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Technically we have a break out new high and higher volume. This will take the stock to $2.00 But the stock is grossly undervalued and in 2022 we are looking for $6.
Oil is a commodity that is price controlled and AOIFF was selling it at $55 per barrel and making a profit. With oil now selling at $80 the company will increase price to $65 per barrel. The book value of this company is $2.33 selling at $1.73.
Oil is a commodity that is price controlled and AOIFF was selling it at $55 per barrel and making a profit. With oil now selling at $80 the company will increase price to $65 per barrel. The book value of this company is $2.33 selling at $1.73.
Note
we reached a very attractive buy point againNote
at $2.30 we have 30 % gain but the stock is still cheap my term target is $6Trade fermée: cible de profit atteinte
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