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...'You want to believe'...
Several analysts are very confident of a return to >$100 crude this year
But on the balance, there are supply and trade issues putting significant pressure on the demand side that are keeping prices range bound ~$70-80 ish
Seems like a bottom has been put in for EGY
GOM lease auction coming up
The last Alaska (Cook inlet) sale had 1 bidder on 1 block
That’s a pretty stark statement on the viability of upstream drilling in AK under this administration
A decent round of awarded blocks would certainly boost domestic exploration
Until then, EGY is now better positioned geographically to reap the rewards of policy aligned for progress
spec
thanks WTIC now $68
I have funds headed to Schwab will be picking up more here also voc
both have nice div. so can wait for a rebound.
IMO oil/gas will be aroud a lot longer than many think. Farmers need diesel. So many other
products come from the oil industry. Even some power plants and fertilizer. Many house hold items even plastic is made from oil.
NT filed today
New deadline for late 10-K is March 31 eob
The bean counters need more time (must be an hourly rate, LOL)
Not a good market atmosphere to be late
Brent down to $73, a drop of $10 since Monday
EGY should post some good numbers for Q1 but the 10-K will be a chunk of data that’ll take a bit more deciphering regarding the accounting related to the merger and the FSO/field changes
spec
did I miss something we bougt Transglobal?
Light reading for a quiet board...
https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Warns-Of-An-Imminent-Oil-Supply-Shortage.html
So we watch...LJ
Was this a merger or what ?
Back on 12/23, Vaalco issued the following news release: Vaalco says its indirect wholly-owned subsidiary TransGlobe Energy Corp terminated its lending facility with ATB Financial.
What is interesting, is the term "indirect wholly-owned subsidiary".
In order to be a subsidiary, another corporation must own more than 50 percent of its stock. If it’s a wholly-owned/direct subsidiary, then another company owns 100 percent of its stock. Regardless of the percentage of ownership, a subsidiary must be a separate entity and not merely a division of the company operating under a separate name.
This might be the reason that TGA stockholder will be paying taxes on this so call merger. Secondly, TGA as a company still exist. Looking forward to seeing how the quarterly financial reports are handled.
From another site
JMHO
Thought it was a firework on Thursday,
but it says EGY up 5%...
https://finance.yahoo.com/quote/EGY/?p=EGY
So we watch...LJ
Has any TGA holders talked to the tax man yet , somehow it seems you got the shaft ! Broker reports show this was not a stock takeover but a outright sale !
better check your broker statements
jmho
Ohh, interesting alert on EGY
from my AI assistant, V-ger
Should be seeing a sustained uptic in volume and whale alerts to follow
Opec+ cuts, if they happen in Q1, will only delay the run
Locked and loaded, gonna get played hard before the 10K is filed
after that, it’ll be off the hook
sooner if good news
spec
EGY on sale @$4.19
These are super cheap prices for the value and positive shareholder returns via divi and inevitable share price rise
The merger with TransGlobe added value but also added ambiguity in some part due to differences in reporting regulations
Q1 will be the bellwether but the annual report should be a fairly good indicator
March 10 for last year’s 10K
Here we go 2023
spec
Merry Christmas to all and a happy New Year
If you’re warm and well fed tonight, be thankful
Be thoughtful of others
Be aware of your freedoms, don’t infringe upon others
In regards to energy, remember the significant contribution of affordable fossil fuels on your everyday lives
It powers the global economy and …
It is needed for a true transitional evolution in energy, free of political gamesmanship
But for now, Merry Christmas
Remember why
spec
Here ya go -
https://www.sec.gov/edgar/searchedgar/companysearch
Start there, bookmark it
Edgar is up, it’s the horse’s mouth
Time to do your own homework
Merry Christmas
spec
Hey what is in this new filing today ?
Nothing come up for me
could it have to do with under reported production ????
JMHO
Here is a link for you
https://www.vaalco.com/investors/news-events/press-releases/detail/360/vaalco-energy-inc-announces-third-quarter-2022-results
For anyone interested, the subsequent presentations and updates are all on the investor relations section of their website
GLTY
spec
Hey post a link
computer is mad at me and i just have major surgery
jmho
no you are proving my point
Why would EGY go after TGA if tga no no production , no reserves and no cash !
Hey i tryed to listen to the CC and nope not on website anymore , wonder why
jmho
You are proving my point , EGY sucks NO PRODUCTION NO RESERVES AND BULL SHIT MANAGEMENT
NEELY AND IDIOT DREAMER ARE GOOD PAIR and may they choke in hell
jmho
I know the answer for you
TGA should have had 2 lifting out of Egypt and that should have been about 100 million dollars and what did we get ?
Not one but TWO dusters
what a bunch of ass holes , look to me like they could not pour pisss out of a boot
jmho
Just can’t get your numbers right?
One well underperforming
Worst case, it never reaches the full predicted production rate
More likely is a recompletion to alleviate the flow problems in the lower zones
You got your bad news to keep the giggles fresh
But will you buy the dip??
EGY $4.50
I’m buying it up
spec
caan you say DUSTER
what a bunch of pure jackass , 20,000 no 5000 , no just duster
man going to be a bad day for TGA and shit hole EGY
jmho
where is the report on that last well !
Hey that last well was completed weeks ago and no report !!!
Hey the well before this last well was a dud [ production what 200 barrel crude ] and everyone expected what 5000 barrel
DUSTERSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
my guess several big TGA holders are pissed
Hey better check your basis at your broker
jmho
Still slinging the fake “duster” story?
Spoiler alert- no duster at Vaalco as far back as I have been a shareholder (years)
Good luck to you but you’ll need to start vetting your info a lot better if you expect a better result
Like I said, we’ll see in a quarter or 2 how the merger is working out
GLTY
spec
Talk about a pile of bull shit
just keep on drilling dusters and sitting on the shit to boot
jmho
Good luck to you
Check back in a several months and one of us should get a chuckle
Hey spec machine
I will make more money on ERHE than i can ever dream of with EGY !
I see you are still waiting on the last duster well
jmho
Are you happy to be aboard the winning team ?
I see solid performance ahead on the Gabon side and look forward to hearing the plans for other areas
spec
Robust is a nice word to hear
Continuing delivery on objectives, Vaalco mgmt doing it right
spec
HOUSTON, Oct. 31, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0325 per share of common stock for the fourth quarter of 2022 ($0.13 annualized), which is payable December 22, 2022, to stockholders of record at the close of business on November 22, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
George Maxwell, VAALCO’s Chief Executive Officer, commented, "We continue to return value to shareholders and we believe that it is important for E&P companies to deliver sustainable shareholder returns. We closed on our strategic combination with TransGlobe Energy, Inc. on October 13, 2022 and remain committed to nearly doubling our target annualized dividend to $0.25 per share beginning in the first quarter of 2023, the first quarter immediately following the closing of the transaction. The combination of VAALCO and TransGlobe is expected to generate robust cash flow in 2023 and beyond, enabling us to significantly increase our dividend. We have premier assets in Gabon, Egypt and Canada generating strong operational results, which coupled with strong pricing, allows us to return meaningful cash to our shareholders through dividends, share buybacks and potentially through special distributions in the future.”
futr
Might be a 2-fer coming on the news
Anything less than thrilling results on well 4 completion specs would likely be put off until other news is released
The quarters vessel is still on site but the construction vessel departed several days ago
Wrap up of the processing unit should be imminent and it’ll mark the endpoint of interruption of production for the swap
These analyst upgrades are hell on the tape
spec
Seems like two big updates are overdue
now...
well #4 status...
FSO status...
So we watch...LJ
EGY has used same Safe Harbor statement
for over a year...
timing of the settlement of Gabon
income taxes, and expectations
regarding processing facilities,
production, sales and financial projections.
11/2021 is farthest that I peaked back
and compared the statements..
https://finance.yahoo.com/news/vaalco-energy-inc-announces-third-204500340.html
Is EGY going to request disclosure
of short positions of litigants and their
families for investors to pursue the
potential of losses if lawsuits prove
moot and only cost shareholders money?...
So we watch...LJ
Welcome aboard EGY mates...
Surely need to find calmer
sailing waters ahead...
So we watch...LJ
The TGA Vote passed
now EGY dropping like a rock in water
what a turd EGY and that pie in the sky production
jmho
Paint an elephant on an FSO if they
ever put one in the Equatorial
Guinea field for good luck...
We are ready for results on well #4
in current drilling campaign now
in the Etame field...
So we watch...LJ
I’ve never heard of a christening after a ship/boat leaves the shipyard where she was built (or rebuilt)
So I think the champagne might flow, but in the office instead of across the bow
On a related topic, I am wholeheartedly in favor of adherence to the traditional partly-clad female figurehead on the stem of a vessel
An offering of bare-breasted beauty was known to mariners as an assurance of protection from the wrath of gales at sea
Works for me
Maybe that’s what is in play now
spec
Will EGY do a video of busting bottle
of champaign on new FSO
when it starts up?...
And you thought the questions
would get easier now...
So we watch...LJ
Nice to see some volume on the upswing
spec
EGY moving back up seems overdue...
May be related to tga having the
votes needed now,
because EGY got weaker price wise
before other companies in recent
downturn due to a deal pending...
Was moving toward a lower percentage
here and into higher percentage in
REI during downturn but could have
bot REI cheaper in hindsight...
Very nutty, overdone downturn in oil
sector when oil price still held around
$80 or so on WTI...
Brent future pricing now for December,
2022 in $91/bbl. to $92/bbl area...
REI might show higher percentage
eps growth in 3rd quarter was only
reason for the position swapping...
EGY should be rocking again in the
4th quarter with new FSO in place...
So we watch...LJ
I voted no and HELL NO
screw them SOBs at TGA headquarters
jmho
Plenty of caring feelings when it’s green
For me anyway
Up 8-9% two days in a row is pretty noticeable, might be a teaser on the vote of TGA shareholders coming up
My fall season is more outdoor than any other part of the year
So that’s my excuse
TGA getting right down to the wire for their vote, we’re going to know the outcome of the vote soon
spec
If EGY went up 9% in a day,
and nobody posted on the board,
would it mean that nobody cares?...
So we watch...LJ
Will that fruit stay fresh a week
until EGY gets to squeeze it?...
had a Duster with slant 6 that
was very good on gas mileage...
So we watch...LJ
You loyal EGY holders are being sit up for big dilution .
TGA will vote it DOWN so where will EGY get that big $$$$$$$$$$$
JMHO
look like TGA stockholders could be saying stick the merger up your ass EGY
a yes vote on the EGY side means nothing
jmho
Look like the smart TGA stockholders are telling old TGA CEO Neely to stick this merger up his ass. JMHO
Re::Several large shareholders who were previously opposed or undecided have very recently changed their views and are now supportive of the Transaction
ROTFLMAO
Hey Neely they can change there vote at the meeting so my guess you for of bull poo
jmho
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