Barrons notices AOI

(Considerable manipulation with AOI’s stock price lately as Big Houses Buy Sell it in 100 share deals driving the price down for accumulation.)

Old story as most of you savvy traders know. Word has it AOI will be on TSE’s Big Board in early month of 2014 which will then allow Fund managers to buy it. Secondly, should be some good drilling news out shortly so, keep an eye on things.

**** from another source…(Credit Suisse initiates coverage on AOI with outperform rating, price target $12.
Probably because AOI is moving to the major stock exchanges next month, so more interest in coverage because more institutions can buy the stock on those exchanges. RE:CSFB …Yes, this will start to have a positive effect on the share price . They had some very nice things to say about AOI. (1) they are well funded, (2) they have good partnerships and (3) AOI already have enough oil to become very productive. So, I would say that their $12 estimate is with the existing supply in mind. If AOI keeps finding more oil in upcoming drill reports this thing will keep going!!)

BARRONS … Africa Oil Corp: Good Land, Good Access To Funding,

Credit Suisse Says Buy By Shuli Ren

Africa Oil Corp (AOI.V) is an oil and gas company that has assets in East African countries such as Kenya and Ethiopia. Its shares are listed in Toronto. In its initiation report, Credit Suisse praised the quality of Africa Oil’s land resources. In particular, some of its resources are not far from commercial development.

Here are analysts David Phung, Robert Loebach and Robert Mundy: Resources discovered to date appear to already support commercial development, with further potential resources to be discovered via the active drilling program. Furthermore, east Africa has been a region of recent M&A activity and interest, which could have positive implications for the company in the future. Africa Oil has attracted experienced and successful partners:

The company has been able to attract experienced and successful partners, including Tullow Oil (TLW.L), which has shown exploration success in neighboring Uganda. It is believed that Uganda shares similar geology with Kenya and Ethiopia. And has no trouble accessing funding: Africa Oil has been successful in securing equity financing to fund its drilling campaign. We believe that the degree of interest by investors demonstrates significant support for the company and its asset base, which we believe separates Africa Oil from some of its exploration weighted, pre-production peers.

The broker sets a price target of C$12. Africa Oil Corp. last traded at C $8.50.