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Stock impact report

Vaalco Energy: Sale Indicates Strong Balance Sheet Priority [Seeking Alpha]

VAALCO Energy, Inc. (EGY) 
US:NYSE Investor Relations: vaalco.com/about-us/governance
Company Research Source: Seeking Alpha
Current drilling campaigns show promising preliminary results. Egyptian operations provide strong cash flow but require vigilant receivables management due to historically slow payments. The Canadian properties were sold for about C$35 million to bolster cash received and prioritize a strong balance sheet. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » Abstract Aerial Art/DigitalVision via Getty Images VAALCO Energy ( EGY ) announced the sale of basically the Canadian business for roughly C$35 million. To me, this indicates a fairly high priority of conservative balance sheet management. This is a management that is typical More on my IG service I analyze oil and gas companies like Vaalco Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance Show less Read more
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