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VAALCO Energy, Inc. - EGY STOCK NEWS

Welcome to our dedicated news page for VAALCO Energy (Ticker: EGY), a resource for investors and traders seeking the latest updates and insights on VAALCO Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VAALCO Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VAALCO Energy's position in the market.

News
VAALCO Energy, Inc. Announces Finalization of Agreements in Equatorial Guinea
Rhea-AI Summary
VAALCO Energy, Inc. announces approval of Joint Operating agreement for Block P in Equatorial Guinea, paving the way for development and production. CEO George Maxwell expresses excitement for the project and highlights the company's strong portfolio and operational track record.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.64%
Tags
none
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News
VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results
Rhea-AI Summary
VAALCO Energy, Inc. reports record financial results and shareholder returns for 2023, with highlights including $60.4 million net income, $280.4 million Adjusted EBITDAX, and $121 million cash at year-end. The company raised production by 83% year-over-year, increased SEC proved reserves by 3%, and invested over $70 million in capital programs in Egypt and Canada. In Q4 2023, VAALCO generated $44.0 million net income and sold 21,674 BOEPD. The company plans a 2024 capital budget of $70 to $90 million and aims to return over $25 million of Free Cash Flow to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.73%
Tags
earnings
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News
VAALCO Announces Participation in 36th Annual Roth Conference
Rhea-AI Summary
VAALCO Energy, Inc. (EGY) is set to participate in the 36th Annual Roth Conference in Dana Point, California. The Chief Financial Officer and Vice President of Commercial and Strategic Planning will engage in one-on-one meetings with investors. An updated investor presentation will be available on the company's website before the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
News
VAALCO Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
VAALCO Energy, Inc. (EGY) announced the timing of its Q4 and full-year 2023 earnings release and conference call. The earnings release will be on March 13, 2024, with a conference call on March 14, 2024. Interested parties can participate via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
earnings
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News
VAALCO Energy, Inc. Announces Accretive All Cash Acquisition Expanding Its West African Footprint
Rhea-AI Summary
VAALCO Energy, Inc. announces the acquisition of Svenska Petroleum Exploration AB for $66.5 million, enhancing its West African focus with a deepwater asset in Cote d’Ivoire. The deal is expected to be immediately accretive to shareholders, with no issuance of debt or equity. The transaction includes 13.0 million barrels of oil equivalent 1P reserves and 21.7 million 2P reserves, positioning VAALCO for significant future development opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.96%
Tags
acquisition
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News
VAALCO Response to Media Speculation
Rhea-AI Summary
VAALCO Energy, Inc. is in discussions to acquire Svenska Petroleum Exploration AB, which holds a 27.39% interest in Block CI-40, offshore Cote d’Ivoire. The acquisition is expected to be debt-free and funded by cash on hand, with current working interest production of approximately 4,500 barrels of oil equivalent per day. The transaction is subject to customary closing conditions, including regulatory approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.31%
Tags
none
News
VAALCO Energy, Inc. Declares Quarterly Dividend
Rhea-AI Summary
VAALCO Energy, Inc. (EGY) declares a quarterly cash dividend of $0.0625 per share for Q1 2024, totaling $0.25 annually. The dividend is payable on March 28, 2024, to stockholders of record as of March 8, 2024. VAALCO's CEO highlights the company's focus on operational excellence, asset productivity, and cash return to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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News
VAALCO Energy, Inc. Provides Operational and Financial Update Including Production and Sales Volumes for Fourth Quarter 2024
Rhea-AI Summary
VAALCO Energy, Inc. (EGY) reported a strong operational and financial performance in Q4 2023, with production and sales volumes at the top end of its guidance range. The company recorded full year 2023 sales volumes above its guidance range, driven by solid performance in Gabon, Egypt, and Canada. VAALCO also reported an increased cash and cash equivalents balance as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
earnings
-
News
VAALCO Energy, Inc. Announces Third Quarter 2023 Results
Rhea-AI Summary
VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) reported operational and financial results for Q3 2023, achieving production of 18,844 net revenue interest barrels of oil equivalent per day, increased NRI sales to 1,812,000 barrels of oil equivalent, and grew unrestricted cash by 124% to $103.4 million. Net income was $6.1 million, and adjusted EBITDAX grew by 9% to $71.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.16%
Tags
earnings
News
VAALCO Energy, Inc. Declares Quarterly Dividend
Rhea-AI Summary
VAALCO Energy, Inc. has declared a quarterly cash dividend of $0.0625 per share of common stock for the fourth quarter of 2023 ($0.25 annualized). The dividend is payable on December 21, 2023, to stockholders of record as of November 24, 2023. The company plans to pay a higher dividend rate compared to the previous year, with $0.25 per share in 2023 compared to $0.13 per share in 2022. VAALCO Energy also reported having over $100 million in cash on hand as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
dividends
Stock EGY logo
VAALCO Energy, Inc.

NYSE:EGY

EGY Rankings

#3113 Ranked by Market Cap
#2969 Ranked by Stock Gains
#863 Ranked by Dividends

EGY Stock Data

723.95M
101.44M
1.94%
54.75%
2.72%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About EGY

vaalco energy, inc. is a houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. vaalco's strategy is to increase reserves and production through the exploration of oil and gas properties with a high emphasis on international opportunities. the company's properties and exploration acreage are located primarily in gabon and angola, west africa.