Morning Thread

Gators's Chart of the Day: EGY

Vaalco Energy Inc was in the news yesterday.  Angola granted a time extension for production to Sonangol (the Angolan national oil company) in Block 5 (approx. 1.4 million acres offshore.)  EGY has a 40% working interest in this lease. 

The company will report earnings on March 12th so there is time for a trade.  I have no position and I may not buy any. 

"VAALCO Energy, Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas. The company owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola; and as a non-operator in the British North Sea. It also has interests onshore in Texas and Alabama; and in the offshore Texas and Louisiana Gulf Coast area. The company owns a 30.35% interest in the exploration acreage within the Etame Marin block; a 28.1% interest in the development areas surrounding the Etame, Avouma, South Tchibala, and Ebouri fields; interests in Mutamba Iroru block onshore Gabon; a 40% working interest in approximately 1.4 million acre Block 5 offshore, Angola; and a 70% working interest in 5,214 acres in Sheridan County, Montana. VAALCO Energy, Inc. was founded in 1984 and is headquartered in Houston, Texas."  -- from Finviz