NYSE:EGYOil and Gas
VAALCO Energy (EGY) Stock Can Profit Momentum Outrun CapEx Risk
VAALCO Energy went into this earnings print with a muted three month share performance, and the stock then jumped 7.6% to US$5.55 once investors saw the numbers. The quarter headline is simple. A company that had just reported a loss of US$93.9 million in Q1 swung to net income of US$42.4 million in Q2 on revenue of US$135.2 million.
For an oil and gas producer that has been wrestling with losses over the past year, that kind of earnings swing grabs attention. The rest of the report explains...