Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
An announcement from Vaalco Energy Inc (EGY) is now available.
VAALCO Energy has successfully completed its acquisition of Svenska Petroleum Exploration from Petroswede AB, making Svenska a wholly-owned subsidiary and expanding VAALCO’s portfolio with significant interests in two West African offshore fields. The deal, valued at $40.2 million in cash, was financed through VAALCO’s existing cash reserves. This strategic move enhances VAALCO’s position in the region, adding a 27.39% stake in Cote d’Ivoire’s Baobab field and a 21.05% stake in a Nigerian discovery.
Find detailed analytics on EGY stock on TipRanks’ Stock Analysis page.
