Latest news with #VAALCOEnergy
Globe and Mail
3 days ago
- Business
- Globe and Mail
VAALCO Schedules Second Quarter 2025 Earnings Release and Conference Call
HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ('Vaalco' or the 'Company') today announced the timing of its second quarter 2025 earnings release and conference call. The Company will issue its second quarter 2025 earnings release on Thursday, August 7, 2025 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Friday morning, August 8, 2025 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participate toll-free by dialing 08082389064. Other international parties may dial (412) 317-5741. Participants should ask to be joined to the 'Vaalco Energy Earnings Conference Call.' This call will also be webcast on VAALCO's website at An audio replay will be available on the Company's website following the call. About Vaalco Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria and Canada. For Further Information
Zawya
07-07-2025
- Business
- Zawya
Gabon's Minister of Oil & Gas Joins Angola Oil & Gas (AOG) 2025 Amid Shift to Deepwater Exploration
Sosthene Nguema Nguema, Minister of Oil&Gas of Gabon, has joined this year's Angola Oil&Gas (AOG) conference – taking place September 3-4 in Luanda – as a keynote speaker. Minister Nguema's participation comes as the country implements a strategic shift towards deepwater exploration and production, seeking to unlock additional resources across the country's offshore acreage. As one of Africa's biggest deepwater producers, Angola offers significant experience in the field, highlighting a strategic opportunity for bilateral collaboration. With a goal to increase production to 220,000 barrels per day (bpd), Gabon is revising its Hydrocarbons Code – launched in 2019 and featuring improvements to production sharing contracts (PSC), fiscals and profit sharing – to entice new investment into frontier basins. The Ministry of Oil&Gas has identified deepwater investment as a strategic priority given that up to 72% of the country's deepwater acreage remains unexplored. As such, the government is inviting investment into deepwater blocks. Major players are already ramping up their portfolios across the market, seeking to tap into commercial oil and gas deposits. Examples include BW Energy, VAALCO Energy, CNOOC and Perenco. BW Energy and its partner VAALCO Energy recently signed PSCs for exploration blocks Niosi Marin and Guduma Marin, covering an eight-year exploration period with a two-year extension option. The partners will drill one well and conduct a 3D seismic acquisition campaign. Perenco spud the Hylia South West discovery in early 2024, revealing substantial oil-bearing columns in the Ntchengue Ocean reservoir, while CNOOC launched wildcat drilling on Blocks BC-9 and BCD-10 in 2023. These projects seek to unlock a new hydrocarbon province in Gabon's deepwater acreage. Angola's deepwater oil and gas projects have positioned the country as one of the continent's leading deepwater producers. The majority of the country's one million bpd of crude production is derived almost entirely from the offshore fields of Cabinda together with the deepwater fields of the Lower Congo basin. Looking ahead, upcoming projects are expected to further consolidate Angola's position as a deepwater leader. These include the Agogo Integrated West Hub, an ultra-deepwater development spearheaded by Azule Energy. The project will start operations in H2, 2025, adding 120,000 bpd to the producing Block 15/06 complex. The country's first non-associated gas project – featuring the Cameia and Golfinho fields – is also advancing and is expected to bolster gas production through the monetization of Angola's deepwater reserves. The project – led by the New Gas Consortium – targets first gas production by 2026. In offshore Kwanza, the basin's first large deepwater development plans a 2028 start. Dubbed the Kaminho deepwater development, the project achieved a final investment decision in 2024 and will produce 70,000 bpd via an FPSO unit. By leveraging Angolan collaboration, Gabon stands to benefit from substantial deepwater experience, supporting project development as well as the creation of a new deepwater players in Central Africa. Minister Nguema's participation at AOG 2025 reflects the country's commitment to working with regional partners to advance oil and gas development and is expected to unlock new opportunities for collaboration, trade and investment. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
21-05-2025
- Business
- Yahoo
VAALCO Energy (EGY) is Among the Energy Stocks that Lost the Most This Week
The share price of VAALCO Energy, Inc. (NYSE:EGY) fell by 12.01% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. A busy oil & gas rig on the horizon, revealing the depths of the Etame Marin block's activity. VAALCO Energy, Inc. (NYSE:EGY) is a leading African-focused oil and gas operating company with a strong production and reserve base and a diverse portfolio of assets in Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon, and Canada. The stock of VAALCO Energy, Inc. (NYSE:EGY) surged earlier this month after the company posted results for its Q1 2025. EGY's adjusted EPS of $0.06 was in-line with market expectations, while its revenue of $110.33 million beat expectations by over $5 million. The company also declared a cash dividend of $0.0625 per share. So the recent decline in share price could be due to profit-taking by investors, as well as the slight decrease in the price of crude oil over the last week. While we acknowledge the potential of EGY to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EGY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
21-05-2025
- Business
- Yahoo
VAALCO Energy (EGY) is Among the Energy Stocks that Lost the Most This Week
The share price of VAALCO Energy, Inc. (NYSE:EGY) fell by 12.01% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. A busy oil & gas rig on the horizon, revealing the depths of the Etame Marin block's activity. VAALCO Energy, Inc. (NYSE:EGY) is a leading African-focused oil and gas operating company with a strong production and reserve base and a diverse portfolio of assets in Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon, and Canada. The stock of VAALCO Energy, Inc. (NYSE:EGY) surged earlier this month after the company posted results for its Q1 2025. EGY's adjusted EPS of $0.06 was in-line with market expectations, while its revenue of $110.33 million beat expectations by over $5 million. The company also declared a cash dividend of $0.0625 per share. So the recent decline in share price could be due to profit-taking by investors, as well as the slight decrease in the price of crude oil over the last week. While we acknowledge the potential of EGY to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EGY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-04-2025
- Business
- Yahoo
Is VAALCO Energy, Inc. (EGY) the Best Oil and Gas Penny Stock to Invest in Now?
We recently published a list of . In this article, we are going to take a look at where VAALCO Energy, Inc. (NYSE:EGY) stands against other best oil and gas penny stocks to invest in now. The oil and gas sector faces a pivotal moment in 2025 as it deals with complex dynamics from global tensions, evolving policy directions, and rising innovation. The stable pricing in 2024, after many decades, now faces hurdles due to geopolitical stresses, energy transition demands, and economic shifts. Companies are keeping tight capital control while boosting tech productivity, as analysts predict oil will stay between $70 and $80 per barrel. However, geopolitical instability and unpredictability could push prices higher. Despite these obstacles, operations have advanced as the sector's capital spending has increased 50% from 2020. Meanwhile, returns are on the upswing as businesses focus on high-performing assets and refine their portfolios. Many companies are betting on digital and green tech—carbon capture, hydrogen, and data-driven exploration—as part of a wider clean energy push. Global oil trade issues have shifted focus to natural gas as a second key revenue source, thus, gas prices have jumped lately. According to Yahoo Finance data, LNG futures are up nearly 40% in six months and 91.65% year-over-year at Henry Hub, thanks to low stockpiles, winter demand, and rising LNG exports. Although market instability persists, as recent OPEC+ supply boost and US-China trade tensions have pushed down crude prices. As of April 2025, West Texas Intermediate (WTI) crude sits near a three-year low of $61.5 per barrel. The US Energy Information Administration (EIA) sees an average of $63.88/bbl this year, further dropping to $57.48 in 2026. This decline, plus tariff hurdles and export problems, might squeeze US oil output since profit thresholds sit between $61-$70/bbl. This shows how even major forecasters are scaling back amid trade fights and project holdups. Now, the trend has shifted to natural gas as the growth driver for the oil and gas industry. Europe remains central to global LNG trade, taking 55% of US LNG exports in 2024, per LSEG data. As seen last December, 69% of US LNG shipments (5.84 MT) went to Europe, up from November's 5.09 MT, driven by winter needs and limited Russian supply. As trade tensions add complications, China's 15% tariff on US LNG threatens new deals despite existing contracts. The outlook is mixed but hopeful as oil demand rebounds post-pandemic and a global boost in energy diversification. Although solar energy helps reduce fossil fuel dependence, it won't replace it entirely, which shows the significance of a harmonized energy mix. In the same way, the main alternatives—solar, wind, and nuclear—each have scaling or consistency limits. Oil and gas, especially natural gas, remain vital to global growth and energy security, creating openings for agile, cost-effective penny stocks. While major companies grab headlines with billion-dollar projects, penny stocks—small-cap oil and gas companies trading under $5—attract interest for their high-growth potential. We first sifted through ETFs, online rankings, and internet lists to compile a list of the best oil and gas stocks under $5. We then selected the 12 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. For tied stocks, we ranked them by the value of their hedge fund stakes. The hedge fund data was sourced from Insider Monkey's database, which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A busy oil & gas rig on the horizon, revealing the depths of the Etame Marin block's activity. Number of Hedge Fund Holders: 16 Share Price as of April 16: $3.39 VAALCO Energy, Inc. (NYSE:EGY) operates as an independent upstream energy company with assets across Africa and Canada. It manages production and exploration in Gabon, Egypt, Equatorial Guinea, Côte d'Ivoire, and Canada. The company's portfolio features high-interest assets like Gabon's Etame Marin block and fully operated positions in Egypt's desert regions. VAALCO is actively growing its presence in key African oil basins through smart development and strategic acquisitions. In Q4 ending December 31, 2024, VAALCO Energy, Inc. (NYSE:EGY) showed impressive financial results, hitting a record adjusted EBITDA of $303 million for the year, up 8% from last year. Whereas Q4 production averaged 25,300 BOE daily, matching the company's guidance. VAALCO's proven reserves jumped 57% to 45 million BOE, while its 2P reserves reached 96.1 million BOE. The company's acquisition in Côte d'Ivoire has already paid for itself 1.8 times since April 2024. Moreover, VAALCO gave $33 million back to shareholders and finished Q4 with $82.6 million in cash. Additionally, VAALCO Energy, Inc. (NYSE:EGY) secured a $190 million credit line (expandable to $300 million) to fund its growth plans. The company formalized a 70% interest in CI-705 offshore Côte d'Ivoire and got a 10-year extension on its CI-40 license through 2038. It has also lined up a rig for its 2025-2026 Gabon drilling and completed its FPSO off hire on January 31, 2025, with service expected to resume in May 2026. Looking ahead to 2025, VAALCO Energy, Inc. (NYSE:EGY) expects production between 19,250 BOE and 22,210 BOE daily. It has set aside $270-$330 million for capital expenses, with $70-$90 million planned for Q1. The company aims to drill two wells in Gabon and up to 13 in Egypt. It also plans to complete studies for the Venus development in Equatorial Guinea and might reach FID this year, making it one of the best penny stocks in the oil and gas sector. Overall, EGY ranks 9th on our list of best oil and gas penny stocks to invest in now. While we acknowledge the potential of EGY as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EGY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
