Swedbank sets price target at 80SEK (Strong Buy)

AFRICA OIL SWEDBANK SÄNKER RIKTKURS MEN UPPREPAR STARKT KÖP (Direkt) “2014-08-11 08:27 STOCKHOLM (Direkt) Swedbank Markets sänker sin riktkurs för oljeprospekteringsbolaget Africa Oil med 10 kronor till 80 kronor efter helgens halvårsrapport. Det framgår av en analys daterad den 9 augusti där rekommendationen starkt köp upprepas. Banken menar att nuvarande kursnivåer är ett utmärkt tillfälle […]
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TD Securities sets CAD13.00 price target for Africa Oil

Stock analysts at TD Securities lowered their price objective on shares of Africa Oil Corp. (CVE:AOI) from C$13.50 to C$13.00 in a report issued on Wednesday. The firm currently has a “speculative buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 52.94% from the company’s current price. Africa Oil Corp. (CVE:AOI) traded […]
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New Buy Rec from Dundee Securities (June 25)

New Buy Rec out from Dundee Securities with a target price of 14.70 CAD. “Africa Oil Corp. (CVE:AOI)¿s stock had its ¿buy¿ rating restated by research analysts at Dundee Securities in a report released on Wednesday. They currently have a C$14.70 target price on the stock, down from their previous target price of C$14.80. Dundee […]
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UBS reiterates buy and leaves target price at 70SEK

A buy rec came out of UBS on May 20 that slipped by unnoticed. Here is the short snippet in swedish from the online finance paper di.se: AFRICA OIL: UBS BEHÅLLER RIKTKURSEN TILL 70 KR (70) STOCKHOLM (Direkt) UBS behåller riktkursen för Africa Oil till 70 kronor från tidigare 70 kronor. Rekommendationen köp upprepas. Det […]
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SEB´s take on Africa Oil after Shimela miss (from internal mail) May 23

Chew Bahir basin opener Shimela-1 in Ethiopia found traces of gas, but no oil. Pre-drill expectations were 47.5mb gross prospect resources but just 15% chance of success. Our risked value was SEK 0.04/share. No change to SEK 80 target. Operator Tullow says that outcome does not change risk assessment for the next Chew Bahir well Gardim-1, prospect […]
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Remium lowers target price from 88 to 73 SEK but reiterates BUY REC (May 23)

Remium considered the Shimela well as the most interesting prospect this year for Africa Oil (no motivation as to why). They also note that Africa Oil has funds that should last to mid 2015 and that in the future, the company will be more and more considered as a evaluation company rather than a strict […]
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Swedish bank and major shareholder Nordea about the Q1-report and a potential discovery in the Sala-1 well

Nordeas take: Possible discovery on Sala prospect Africa Oil provided an operational update yesterday. The disappointing result for the Ekunyuk-1 exploration well in Lokichar seemed to get investors’ attention, sending the share down 2.8%. We valued the prospect at SEK 1.6 per share pre-drilling, ie 1.5% of our NAV estimate. However, in our view, the […]
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