Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Vaalco Energy ( (EGY) ) just unveiled an announcement.
Vaalco Energy, Inc. has announced a significant milestone in its Côte d’Ivoire FPSO Dry Dock Refurbishment Project, with the FPSO Baobab Ivoirien MV10 ceasing hydrocarbon production as scheduled. The vessel is set to be wet towed to Dubai for refurbishment, expected to extend production until at least 2038, which aligns with the company’s strategic objectives. This development indicates a strong potential for continued operational success and financial return, as Vaalco has already gained 1.8 times its initial investment in Côte d’Ivoire within eight months of acquisition.
More about Vaalco Energy
Vaalco, founded in 1985 and based in Houston, Texas, is an independent energy company with a diverse portfolio of production, development, and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, Nigeria, and Canada.
YTD Price Performance: -7.24%
Average Trading Volume: 981,072
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $430.9M
For a thorough assessment of EGY stock, go to TipRanks’ Stock Analysis page.
