Vaalco Energy (EGY): EGY hedging loss , from another board...

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Vaalco Energy (EGY)

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Monday, 07/25/2022 12:49:23 PM

Monday, July 25, 2022 12:49:23 PM

EGY hedging loss , from another board

Re::RE:EPS est 1Q22
Egg on my estimate. Operating earnings went from $26 million to $40. So far so good. But now to hedging losses. $2 million in 4Q21 to $32 in 1Q22. Horrible. EGY should learn about hedges from Cenovus which gave them up.

Now i wonder how far forward EGY has production hedged , this could be a game changer

jmho

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