Vaalco Energy: Diversification One Deal At A Time [Seeking Alpha]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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US:NYSE Investor Relations:
cnrl.com/investor-information
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Source: Seeking Alpha
The acquisition is funded by Vaalco's substantial cash balance. Vaalco's diversification efforts aim to smooth out production growth. The acquisition is immediately accretive and very profitable, even though production will go offline in 2025 and return back to production in 2026. The company maintains a strong balance sheet to offset some of the risks of doing business in an inherently unstable part of the continent. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » Vaalco Energy NYSE: EGY ) recently announced a new deal to obtain Svenska Petroleum Exploration AB for cash. The immediate benefit of this acquisition is ongoing net production of 4500 BOED off the coast of Cote d'Ivoire. This represents a roughly 27% interest. That production is operated by Canadian Natural Resources ( CNQ ) a well-established producer. There is also an interest in an Exxon Mobil ( XOM ) discovery in Nigeria that is not
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News
- 3 Leading Canadian Dividend Stocks Yielding Up To 6.7% [Yahoo! Finance]Yahoo! Finance
- Canadian Natural Resources (CNQ) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- These stocks are driving TSX returns this year [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 3 Canadian Dividend Stocks Offering Yields From 3.9% To 8.6% [Yahoo! Finance]Yahoo! Finance
- Canadian Natural Resources Limited (NYSE: CNQ) was downgraded by analysts at Desjardins from a "buy" rating to a "hold" rating.MarketBeat
CNQ
Sec Filings
- 3/20/24 - Form 40-F
- 3/20/24 - Form 6-K
- 3/8/24 - Form 6-K
- CNQ's page on the SEC website