Freedom Capital initiated coverage of Vaalco Energy (EGY) with a Buy rating and $7.30 price target The firm expects a recovery in oil prices along with a “meaningful uplift” in production following the restart of Vaalco ‘s operations in Cote d’Ivoire. The company has diversified asset base across Gabon, Egypt, Cote d’Ivoire, and Equatorial Guinea, the analyst tells investors in a research note.
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