VAALCO EnergyNYSE: EGY

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Though risky, there are certainly plenty of penny stocks to buy that have the potential to significantly boost portfolio returns. Of course, patience and a growth-friendly market are required for the kind of major upside most growth investors are looking for over a five year time frame.

EGY shares have gained over 59% in the last year, outperforming the S&P 500 by 34.51%. EGY has a strong financial position with high asset turnover and a solid balance sheet. Strategic acquisition of Svenska Petroleum Exploration provides growth potential, diversification, and entry into the promising Cote d'Ivoire market.

HOUSTON, June 03, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on June 4, 2024 at 11:00 a.m. Eastern (10:00 a.m. central and 4 p.m. London).

Vaalco is diversifying its operations to reduce business risk. The company's offshore operations in Western Africa have limited exposure to the political instability in the region. Vaalco's operations in Alberta, Canada, are the most stable, with favorable government treatment and infrastructure support.

HOUSTON, May 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has drilled, completed and brought onto production four wells in Canada.

The top U.S. stock market indices continue to notch fresh highs, with the heightened enthusiasm surrounding potential interest rate cuts this year. Market analysts are pricing in a couple of rate cuts later this year of 25 basis points each.

Although increased production costs may have negatively impacted VAALCO Energy's (EGY) first quarter financial results, strong growth in output could have helped improve its performance.

Vaalco Energy (EGY) lacks the necessary factors for a potential earnings beat in its upcoming report. Be ready with the important expectations.