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TGA is a better company than EGY , TGA just has bad management and a pile of cash in the bank .EGY is a pie in the sky pumped by wall street
jmho
EGY momo train can't pull that limp
TGA share price out of it's
hole if shareholders don't know
what is good for them...
EGY at $8 to $10 per share by
September will make TGA look
more attractive at the offer...
x .67 or x 67% to do the math...
Some consultants spent time doing
leg work to help TGA with a deal
and didn't ask for Non-Specialized
advise from outside the industry on
how to do it...
So we watch...LJ
EGY will have to get this bad TGA deal past a judge , he will decide if TGA bagholders get a share for share or what ever else is fair
jmho
EGY will control the cash flow and
dividend payouts when TGA
does final deal approval...
Each share will get same dividend
amount if a merger is approved...
You will be on a winning team...
So we watch...LJ
Hey littlejohn
They have wind power in Egypt
TGA just started doing horizional drilling in Egypt
Now what it the real production from them big wells that EGY has on production ?
Could production be dropping like a rock ?
Class action suits being filed for screwed TGA holders , just maybe we get even share per share pluss big dividend we were told we would get
jmho
EGY will get that TGA cash and put it
to better use...
TGA drills wells in desert for 10
to 20 bbls./day of production...
EGY drills wells offshore for 3,000
to 5,000 bbls./day of production...
EGY will try to keep sucking down
cash in Egypt on existing wells...
And should start working on a deal
there to replace well drilling cost
with developing solar farms out
there in that desert...
And help get EGY and Egypt headed
toward being more carbon neutral...
EGY needs all that TGA cash to
help improve the world....
So we watch...LJ
Who has the most production
answer TGA
Who has the most reserves
answer TGA
Who has the most cash in the bank
answer TGA
Who has the most bull shit
answer EGY
jmho
Have you seen any credible whispers of
Guvnor asset sale to EGY?...
https://pressnewsagency.org/equatorial-guinea-vaalco-profits-as-ukraine-war-drives-russias-gunvor-out-of-block-i/
That info could be as flaky as
the seeker alpha article calling Egypt
a stable place for TGA to operate...
Egypt was hell hole under Clinton,
Obama, and Biden in Recent history...
And Biden is back in office...
And those rebels offshore of Lybia
couldn't screw up and hit any
wrong targets?...
Lot of flaky info being put out by
TGA touts now after EGY brought
their name into the limelight...
So we watch...LJ
And Free Cash Flow doesn't appear as
Prized in the equity market as
it is on Main Street...
The FSO integration shouldn't
hinder results too much in 3rd
quarter if they go as planned...
Have to just fret about those 2nd
quarter results for now until they
are released from EGY...
So we watch...LJ
I added as well
Despite the variability in production from planned maintenance and field reconfiguration for the FSO
and the variability or lumpiness in the quarterly costs and CAPEX
On top of the merger uncertainty ...
I still see a way undervalued producer in a strong market for years ahead
and a divi
spec
Added heavy on EGY weeble on daily wobble
down...
Might be paying over 2 p/e price
but you gotta take a risk...
So we watch...LJ
FSO underway en route to Gabon
spec
Added on EGY shares after the deal
was announced,,,
which is correct way to speculate
on a successful deal closed...
TGA share price could evaporate
again if deal fails from the gains
after a deal was annouced...
There are some traders in TGA
spinning for bigger profits on
Trades by touting the opposite...
EGY lighter oil is more valuable
than TGA heavier oil in a more
normal oil pricing environment...
We ain't in normal, ruh-roh...
Both are good companies either
seperate or together...
Savings on filings costs for listed
companies alone makes a merger
a good idea...Other savings can be
achieved in a merger...
So we watch...LJ
LOL, check your math or at least read the agreement again
EGY shares diluted for TGA merger. We will see how it shakes out as things settle and details emerge.
Looks like a win-win but TGA got a huge valuation premium
TGA shareholders weren't buying that valuation before the offer and shouldn't have any beef with it
Vaalco management has been outperforming and they have identified the portions of the TGA management and technical teams that bring value to the merged company, and those that don't due to redundancy or skillset
My big question is relative to the valuation of assets excluding the current production and 2P reserves
The latest wells are validation of their savvy development team, a set of multizone completions (frac-pack) that were executed perfectly (contrary to what misinformed rumors may have indicated)
Picked up a bunch on the dip to low 5's
It's likely to trade 9's before Labor Day, maybe a 10
After this deal closes and a couple quarterlies come in??
spec
Keep postimg, many EGY owners want to
add more cheap shares next
week and the next week...
https://www.otcmarkets.com/filing/html?id=15937788&guid=M0U-k6R4LccPB3h
So we watch...LJ
TGA should have about $100 million in the bank by the end of August
TGA has million of credits that have not been used in Egypt JMHO
TGA productionis over 12,000 boep/d
EGY about 8,000 boep/d
something stinks here
I really hope old Neely chokes on his tea
jmho
EGY can probably pay a .25/share dividend
in 2023 if they decide to do
so without a merger...
Here is the pdf link to investor
presentation on Proposed deal...
https://www.vaalco.com/investors/presentations
I'm neutral on the need for a merger...
Both TGA and EGY had comparable
2nd quarter liftings that increased
cash balances for both companies...
So we watch...LJ
TGA has a ton of cash
that is why EGY wants them
That big well EGY drilled has big questions if you listened to the CC
The CC was a joke
jmho
EGY giving above .52 to .55 ratio for
TGA shares is very generous for
their heavy oil production...
.67 swap ratio is very high for some
reason but we don't know why...
https://finance.yahoo.com/m/7084ee94-0bec-3aa7-8ccb-c471b2a9789d/offshore-energy-co-vaalco-to.html
We should investigate the attorneys
for oil shorts to try and find out
more info...
Did EGY get a deal retainer in case
TGA can't get approval and backs
out of deal?...
EGY cash flow is superior now but
we could always use a little more...
So we watch...LJ
The math just got harder and it's just not a good day to be operating from a phone-size screen
sigh ...
My first scan of TGA looks good and I plan to delve into it deeper to see where the synergies are and relative valuation estimates
Market is saying TGA came out ahead
Time will tell, but there's certainly a good chance of a win-win
EGY is cookin' and TGA looks to be doing well
Both appear to me to be undervalued at their current trading prices
all of the above is subjective, usually I have more tangible data alongside
spec
EGY may have to raise dividend a penny
annually to get share price
back up where it should be...
https://www.nasdaq.com/market-activity/stocks/egy/dividend-history
Increased production earning higher
prices and good wells' drilling results
seem to be going unnoticed now...
So we watch...LJ
EGY may post over $100 million revenue in
2nd quarter versus $68 million
revenue in 1st quarter...
Only an estimate of potential top
line revenue before any hedges
are adjusted and based on today's
company guidance...
https://finance.yahoo.com/news/vaalco-energy-announces-successful-completion-060000546.html
Plus another well adding to reserves...
1st quarter filing link...
https://www.otcmarkets.com/filing/html?id=15783910&guid=RnnwkeLsyoDWJth
so we watch...LJ
Doubled up on EGY shares Tuesday...
Cushing inventory down to only
about a day of supplies at average
U.S. daily oil use...
SPR inventory now below 25 days
of oil inventory if a hurricane wipes
out a lot of production...
I don't like seeing manipulation in
the free market pricing...
so we watch...LJ
EGY falls below $6
Sheesh, never thought I'd see that price again
added again in the mid $6s
too soon according to today's tape
wish I was perfect
I'll settle for lucky
spec
EGY $7, dropped 2 more oil hedges today
that should leave oil hedges
below 15% of total production...
Hedges left on oil until end of September
could be closer to 10% of total production
after 2 new successful wells were drilled...
https://d1io3yog0oux5.cloudfront.net/_9405ac7f3bd89de21d86db52db95322c/vaalco/db/776/7705/pdf/Roth+Conference+6-20.pdf
Added 60% to EGY position held
on Thursday...
So we watch...LJ
There’s some lumpiness in the revenue coming up in the next couple of quarters, both the timing of liftings and due to scheduling for the reconfigured production setup
I don’t recall if they estimated the impact on production related to the reconfiguration of the collection setup for the switch to the FSO that’s coming up
The increased working interest, newly completed wells, and (soon) the more efficient FSO system, should stand out beautifully against the backdrop of easy comps
EGY is firing on all cylinders, getting good exposure via the Russell 3000, and in an “oil friendly” geopolitical spot at exactly the right time (and price) to pop
EPS of $0.80 for the quarter might seem like it’s optimistic, but if there’s no impact on production from the reconfiguration, I actually think they can top that number
I’m sure I can handle a pleasant surprise
spec
Spec, .80/share EPS in 2nd quarter would
be an 8 fold increase over the
year ago quarter...and a 4 fold
increase over the 1st quarter...
https://www.otcmarkets.com/stock/EGY/financials
click on quarterly to review above...
Seems a touch optimistic, but 2nd
quarter should be a lot better...
Their 2023 projections are unreal
looking but most new things should
be intergrated by then...
Those were monkey games by
MMs in last week's price drop...
$9 to $12 price range could easily
happen unless some much larger
interest develops for higher price...
So we watch...LJ
I couldn’t guess on the moves and manipulation related to being added to the Russell 3000
But with an easy comp, anticipated leaps in both production and net revenue, and the dividend…
I think EGY will continue the climb
$8 should be in the rear-view mirror before Labor Day if they post $0.80/share in the 10Q
spec
How high are you putting pre market ask
to welcome in any needy, new
fund buyers before market
opens on Monday?...
so we watch...LJ
Tuesday A.M. dip could give another add
opportunity on many fuel sector
companies ahead of a delayed
weekly inventory report...
putin starting a nutty war in this
modern day and age is like a
bad dream for world,,,
and may take years to see some
normalcy restored in fuel pricing
and many other commodities...
with volatility in pricing along the
way, of course...
so we watch...LJ
Nice! Up 15% on heavy volume
Vaalco should be pounding home some nice revenue this quarter
Anxious to see how earnings run on the new production rates but I'm encouraged by this volume of trading on this run after joining the Russel 3000
spec
Saddled up a small amount of shares
again on Friday...
not sure how the dippy-flippy
market will move now...
was too cheap to buy any back
in the 6's not long ago on dip...
lessons learned...
Loaded a chunk on TNA Thursday,
after noticing it, tracks Russel 2000
companies which gives more
diversification, and either does ok
with oil company flyers or other
companies if oil price drops and
it's either 3 times pain or 3 times
gains index tracker...
so we watch...LJ
Exactly, it's still early enough to ride the rocket
Vaalco is growing production with zero LT debt and yuuge positive cash flow
At the PERFECT time
Well, perfect for making money on the pricing but miserable for consumers facing big cost increases in literally everything, especially at the pump
Small producer, profitable and growing by huge strides, geopolitically stable location
$7.43 currently, I'm picking up more
Cheers
spec
Great time to lean into your favorite oil stocks!
A quick dip under $8 and a push to close at $8.35
Second development well completion underway and FSO swap soon
Pricing of crude very strong and unhedged barrels are bonus bucks @$120+
spec
EGY sure made short work of the 7's (currently $8.50)
for now anyway
she sure bobs and weaves
keep doing it
WTI bumping at the $120, not yet says mr market
supply AND demand variables swinging daily but producers are way in the green ... sometimes even bigger into it
spec
"Vaalco Energy (EGY) said it has completed the drilling of the South Tchibala 1HB-ST well in the Etame oilfield offshore Gabon, yielding "significant columns" of multiple hydrocarbon bearing sands."
spec
VAALCO Energy Announces Successful Drilling of South Tchibala 1HB-ST Well
https://ih.advfn.com/stock-market/NYSE/vaalco-energy-EGY/stock-news/88270526/vaalco-energy-announces-successful-drilling-of-sou
Your point is well taken, it was a high price to pay
But the cash is flowing and having a bigger bite of the apple now, it was perfect timing for the purchase of the additional share of Etame and the FSO changeup
Even a retreat to $80 crude will see Vaalco solidly creating additional shareholder value, IMO
seems to be getting some love lately
spec
750,000 paid for high interest rate loan...
must have plenty of money
to throw away...
could be a good-buddy banker on
other side of deal...
2-3% over libor in tough times
would have been a stretch...
https://www.otcmarkets.com/filing/html?id=15836341&guid=iWKwk6BpKXU3dth
Imo, of course...
So we watch...LJ
That was a pullback to play on the bullish end
I added a bunch in the low, low 6's and even added some just under $6
I'll say it again, this is just a stepping stone on the way to $8+ or more this summer
Gabon has room for everything Vaalco can pump and still be under their quota
EGY - ramping up production with the new wells at the absolute BEST time!
spec
Looks like EGY is going to push past $7 for the FOURTH time!
Can’t wait for earnings, it’ll get hotter
spec
Buy the dip, EGY under $7 is still a great value
EGY's additional working share and the bonus of hot pricing are going to pound home some strong numbers
EGY >$10 before summer driving season kicks in, IMO
spec
the fall today might be linked to a simplywallST blurb posted a couple days ago that is total rubbish
it must be an auto-generated article, I didn't read enough to be sure though
one section "Vaalco earnings are expected to continue to decline" ?????
totally useless word salad, totally disconnected from the real world
but I suppose some folks are natural born "followers" rather than independent thinkers
spec
And still undervalued! Happy to be here!
Newest well (3H-ST) successful with "a lateral of 268 meters" in high quality sands
Nice great time to bring a nice BIG juicy development well online!
Oooooohhh, let it flowwwwww
LOL, but seriously, that's a great additional value brought to reality
spec
https://ih.advfn.com/stock-market/NYSE/vaalco-energy-EGY/stock-news/87803516/correction-vaalco-energy-announces-successful-d
VAALCO Energy Signs Contract to Support Subsea Reconfiguration and FSO Deployment at Etame Field
https://ih.advfn.com/stock-market/NYSE/vaalco-energy-EGY/stock-news/87638789/vaalco-energy-signs-contract-to-support-subsea-rec
doing exactly as planned
spec
EGY up 30% from last week's pullback
If their guidance production is met and their FSO swap goes as planned, they're good for a long climb in value
If the current drilling rolls in a bonus, even better
The next few earnings reports should be getting lots of eyes
spec
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