Vaalco Energy: A Mixed Bag of Opportunities

Vaalco Energy, a Houston-based oil and gas producer, has seen its stock drop from nearly eight dollars to three dollars and thirty-three cents due to a mixed second quarter in two thousand twenty-three. Despite missing earnings estimates in the third quarter, theres hope for a rebound as the company expands its global reach and implements cost-cutting measures. With upcoming drilling campaigns and a plan of development approved for Block P offshore Equatorial Guinea, Vaalco trades at attractive valuations and offers a six-point-five percent dividend yield.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.