2020-11-17 16:54:28 EGY Vaalco Energy
11/17/20 11/1716:54 11/17/2016:54 | Vaalco Energy to acquire Sasol Gabon interest in Etame Marine blockVAALCO Energy announced that it has signed a sale and purchase agreement, or SPA, to acquire Sasol Gabon S.A.'s 27.8% working interest in the Etame Marin block offshore Gabon. Since VAALCO currently owns and operates a 31.1% working interest in Etame, the transaction will almost double VAALCO's total production and reserves. In addition, VAALCO is acquiring Sasol's 40% non-operated participating interest in Block DE-8 offshore Gabon. Highlights include: Acquiring an additional 27.8% working interest in the Etame Marin block offshore Gabon, increasing VAALCO's total working interest to 58.8%; Nearly doubles VAALCO's total net production and reserves; Increases net revenue interest production from 4,850 to 9,150 barrels of oil per day ("BOPD") based on current month production; Increases year-end 2019 SEC reserves(2) from 5.0 million to 9.4 million barrels of oil. Acquisition is immediately accretive to VAALCO, with estimated increase of 23% in free cash flow per barrel from approximately $10.90 to $13.30 at $45 realized oil price. |
---|
Initiation
|
Zendesk assumed with a Neutral at Citi »
06:35 03/03/21 03/0306:35 03/03/2106:35
ZEN
Zendesk
Citi analyst Drew Foster… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Las Vegas Sands to sell The Venetian, other Las Vegas properties for $6.25B »
06:34 03/03/21 03/0306:34 03/03/2106:34
LVS
Las Vegas Sands
Apollo Global
VICI Properties
Las Vegas Sands (LVS)… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Apollo Global funds to acquire The Venetian Resort and Sands Expo for $2.25B »
06:34 03/03/21 03/0306:34 03/03/2106:34
APO
Apollo Global
Las Vegas Sands
VICI Properties
Apollo Global Management… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
| Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Abercrombie & Fitch price target raised to $30 from $27 at RBC Capital »
06:34 03/03/21 03/0306:34 03/03/2106:34
ANF
Abercrombie & Fitch
RBC Capital analyst Kate… Story temporarily locked. ShowHide Related Items >><<
|
Downgrade
|
Rocket Companies downgraded to Hold from Buy at Zelman »
06:34 03/03/21 03/0306:34 03/03/2106:34
RKT
Rocket Companies
Zelman downgraded Rocket… Story temporarily locked. ShowHide Related Items >><<
|
Earnings
|
Iveric bio reports Q4 EPS (27c), consensus (26c) »
06:33 03/03/21 03/0306:33 03/03/2106:33
ISEE
Iveric bio
As of December 31, 2020,… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
Splunk assumed with a Neutral at Citi »
06:33 03/03/21 03/0306:33 03/03/2106:33
SPLK
Splunk
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
SolarWinds assumed with a Buy at Citi »
06:32 03/03/21 03/0306:32 03/03/2106:32
SWI
SolarWinds
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
ServiceNow assumed with a Buy at Citi »
06:31 03/03/21 03/0306:31 03/03/2106:31
NOW
ServiceNow
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
Smartsheet assumed with a Neutral at Citi »
06:31 03/03/21 03/0306:31 03/03/2106:31
SMAR
Smartsheet
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Apollo Global funds to acquire The Venetian Resort and Sands Expo for $2.25B
06:31 03/03/21 03/0306:31 03/03/2106:31
APO
Apollo Global
ShowHide Related Items >><<
|
Initiation
| Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
Dixons Carphone resumed with an Overweight at Morgan Stanley »
06:30 03/03/21 03/0306:30 03/03/2106:30
DSITF
Dixons Carphone
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Downgrade
|
Black Hills downgraded to Neutral from Buy at Mizuho »
06:29 03/03/21 03/0306:29 03/03/2106:29
BKH
Black Hills
Mizuho analyst Paul… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
Oracle assumed with a Neutral at Citi »
06:29 03/03/21 03/0306:29 03/03/2106:29
ORCL
Oracle
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
CuriosityStream initiated with a Buy at Needham »
06:28 03/03/21 03/0306:28 03/03/2106:28
CURI
CuriosityStream
Needham analyst Laura… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
iCAD 1.222M share Spot Secondary priced at $18.00 »
06:28 03/03/21 03/0306:28 03/03/2106:28
ICAD
iCAD
The deal size was… Story temporarily locked. ShowHide Related Items >><<
|
Upgrade
|
Julius Baer upgraded to Buy from Hold at HSBC »
06:27 03/03/21 03/0306:27 03/03/2106:27
JBAXY
Julius Baer
HSBC analyst Piers Brown… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
Nice assumed with a Buy at Citi »
06:27 03/03/21 03/0306:27 03/03/2106:27
NICE
Nice
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Heska 941K share Secondary priced at $186.00 »
06:26 03/03/21 03/0306:26 03/03/2106:26
HSKA
Heska
The deal size was… Story temporarily locked. ShowHide Related Items >><<
|
Upgrade
|
Spin Master upgraded to Outperform from Sector Perform at RBC Capital »
06:26 03/03/21 03/0306:26 03/03/2106:26
SNMSF
Spin Master
RBC Capital analyst… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
Microsoft assumed with a Buy at Citi »
06:26 03/03/21 03/0306:26 03/03/2106:26
MSFT
Microsoft
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|
Downgrade
|
Wizz Air downgraded to Reduce from Hold at HSBC »
06:26 03/03/21 03/0306:26 03/03/2106:26
WZZAF
Wizz Air
HSBC analyst Andrew… Story temporarily locked. ShowHide Related Items >><<
|
Initiation
|
HubSpot assumed with a Buy at Citi »
06:25 03/03/21 03/0306:25 03/03/2106:25
HUBS
HubSpot
Citi analyst Tyler Radke… Story temporarily locked. ShowHide Related Items >><<
|