The Bull Case for Vaalco Energy and Its African Assets

Vaalco Energy (NYSE:EGY) is small cap, Houston, Texas-based producer of oil and gas. Its original focus was offshore in the African country of Gabon, but a few years ago it diversified through a beneficial merger that expanded its global footprint. The company delivered a strong Q-4, 2023 earnings report that included news of its further diversification and entry into Côte d'Ivoire. The stock rallied to nearly $8.00 per share following the release of that report. A mixed report for Q-2 that year took the wind out of the company's sails, and…