Replies to post #641 on Vaalco Energy (EGY)

[spec machine]

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

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