Another good stock in play, another Slant Down Rectangle Pattern breakout... Great Fundamental, Great Technical ;) :D ;D
For the nine months ended 30 September 2005, VAALCO Energy Inc.'s revenues increased 74% to $66M. Net income from continuing operations increased 31% to $24.2M. Revenues reflect an increase in crude oil sales and increased crude oil prices. Net income was partially offset by higher exploration expenses, increased depreciation, depletion & amortization expenses and increased general & administrative expenses.
Business Summary:
VAALCO Energy, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas. The company's properties and exploration activities are located in the Texas Gulf Coast region and offshore Gabon, West Africa. As of December 31, 2004, it had total proved reserves of 8.7 million barrels of crude oil and 54 million cubic feet of natural gas. The company is based in Houston, Texas.
EGY Update:
*Golden Cross*
50 ma cross the 200 ma
EGY 2 days $6 in print... close @ $6.43 ....Rock baby rock!!! ;) :D
My target @ 7.78 almost there. ;) what do you think?
EGY is very toppy now @ this point... correction a little bit ;)
EGY thread already started why do you have to make a new one?
I don't know how the search engine works, because I didn't find your thread there. :-[
Quote from: nica33 on February 03, 2006, 10:46:53 AM
I don't know how the search engine works, because I didn't find your thread there. :-[
I understand Nica, sometimes the Search engine does not work, a lot of bugs.. maybe Ramsburg can help us ;)
EGY Updated chart ;)
It hit $7.49 this morning not far from my target @ $7.78 ;)
Back in action Terlisa :) Breakout of a symmetrical triangle.
-fous
Quote from: fous on April 07, 2006, 01:24:40 AM
Back in action Terlisa :) Breakout of a symmetrical triangle.
-fous
Applaud for bringing this up... Another round ;)
bot 2.5k egy at 7.64
the leader of our board thinks this is the bo
he is holding 50k shares.
g
What do you guys think about egy now. its at 8.58 down from 10.45. i was lokking at this and omni and decided to buy egy.doesnt look like anything changed in the company, just jeffries cuts from hold to underperform and raises target price from 4.50 to 6.00 ???
NEWS
VAALCO Energy Announces Arrival of Avouma Production Platform
Friday July 7, 9:00 am ET
HOUSTON, July 7 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News) announced today that the production platform has arrived at its Avouma field off the coast of Gabon in West Africa, and a 10-mile-long pipeline linking the platform to a Floating Production, Storage and Offloading facility should be completed next week.
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The Avouma field, which VAALCO discovered in 2004, is expected to produce approximately 10,000 barrels oil per day from two horizontal wells when production begins late in the fourth quarter this year. Drilling at the site is due to begin in October.
Robert Gerry, Chairman and Chief Executive Officer, stated, "Avouma will be our second field on the Etame Block to come on production. The first field, Etame, was developed in 2002 and produces approximately 18,000 barrels oil per day. The $100 million Avouma development project, when completed, will take our production to a new level."
In addition VAALCO announced that it has received Gabon government approval for a development area around the Ebouri discovery, also discovered in 2004. A development plan is almost complete and will be filed with the government, with a target of late 2007 for startup of the Ebouri field. Ebouri is expected to add an additional 5,000 barrels per day to the Etame Block production.
were up again today 8.98
was added to the russel 3000
VAALCO Energy Joins Russell 3000(R) Index
Friday July 7, 1:15 pm ET
HOUSTON, July 7 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News) has been added to the Russell 3000® Index of public companies, Russell Investment Group has announced.
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Membership in the Russell 3000 means VAALCO also will join the small-cap Russell 2000 Index, as well as the appropriate Russell sub-indices. The widely-followed equity indices are recalibrated each year based primarily on market capitalization.
Robert L. Gerry, III, Chairman and CEO of VAALCO, said, "Being selected for the Russell 3000 is another indication of success in meeting our strategy to grow VAALCO Energy, both in revenues and earnings. Appointment to the Russell 3000 will provide the Company with additional visibility, especially in the institutional investment community. We are delighted with the appointment."
egy is strong again today 9.30
fyi:
Vaalco Energy initiated with "strong buy"
Friday, September 15, 2006 9:59:08 AM ET
Matrix Research
NEW YORK, September 15 (newratings.com) - Analysts at Matrix Research initiate coverage of Vaalco Energy (ticker: EGY) with a "strong buy" rating.
Looking good ! ;D Moved from the AMEX to the big boys NYSE
This ones a solid company, and can maybe move when OIL begins to turn............Showing support here.
EGY is among the most solvent and profitable energy companies.
This company is staged to make tremendous growth in 2008.
Looks like a real sleeper!!!
52wk Range: 3.62 - 6.27
Volume: 1,054,043
Avg Vol (3m): 589,514
Market Cap: 388.90M
P/E (ttm): 20.73
EPS (ttm): 0.32
Still looking good...wish I owned