Vaalco Energy: Mr. Market Does Not Care
Portfolio Pulse from
Vaalco Energy's Q4 results show production growth from a recent acquisition, but Q1 2024 will see a dip due to FPSO repairs. An offshore drilling campaign mid-year may present a buying opportunity if results offset the decline. Gabon and Egyptian businesses are expected to grow significantly.
January 22, 2025 | 4:30 pm
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Vaalco Energy's Q4 production growth is overshadowed by expected Q1 2024 dip due to FPSO repairs. However, mid-year offshore drilling could offset this decline. Gabon and Egyptian operations are expected to grow significantly.
The article highlights both positive and negative factors for Vaalco Energy. While Q4 shows growth, Q1 2024 is expected to see a dip due to FPSO repairs. However, the potential for mid-year drilling to offset this decline and the expected growth in Gabon and Egyptian operations provide a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100