News & Events zu VAALCO Energy Inc (EGY)EGYVAALCO Energy Inc

Major Averages Close Lower as Investors Track Middle East Tensions

The major averages closed lower as investors continue to track Middle East tensions ahead of a ceasefire deadline. Oil advanced, though the price remains below $100 per barrel. Of note, the Foreign Minister of Iran stated in a: "Blockading Iranian ports is an act of war and thus a violation of the ceasefire. Striking a commercial vessel and taking its crew hostage is an even greater violation."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applesaid that John Ternus willof the company, with Tim Cook transitioning to executive chairmanAmazonannounced an additionalUnitedHealthprovided areport for Q1GE Aerospacereportedand reiterated its FY26 guidance3Mreportedand reiterated its FY26 outlook2. WALL STREET CALLS:HSBCIntelto Buy on server CPU shipment growthKeyBancCrowdStriketo Overweight on AI tailwindsExxon Mobilto Peer Perform at Wolfe ResearchGraphic Packagingto Underperform at Raymond JamesNorthcoastCava Groupat Sell on "lofty' valuation3. AROUND THE WEB:Metais installing new tracking software on U.S.-based workers' computers to capture mouse movements, clicks, and keystrokes for use in training its AI models, Reuters reportsDeutsche Telekomis weighing a full combination with T-Mobile, Bloomberg saysMagnum Ice Cream'sshort interest in Europe has increased to 19% of shares available for trading, Bloomberg reportsA U.S. jury has found Uberliable for a sexual assault by a driver in 2019, handing Uber a second consecutive defeat in its first trials of more than 3,000 pending lawsuits, NY Times saysSalesforceCEO Marc Benioff dismissed the idea of vibe coded CRM replacing SaaS companies, saying data security and compliance make Salesforce indispensable, WSJ reports4. MOVERS:Velo3Dwas higher after announcing it willas an official sponsor and additive manufacturing technology provider for two 2026 IMSA Michelin Pilot Challenge eventsVaalco Energyincreased afterfrom its Gabon drilling program and well results from its Etame 14H wellLucidgained after Uberdisclosed aHycroft Miningfell after engaging with an engineering firm toAXT Inc.was lower after announcing an5. EARNINGS/GUIDANCE:Genuine Partsand reaffirmed its guidance for FY26RTX, with CEO Chris Calio commenting, "RTX delivered a very strong start to 2026"Quest Diagnosticsand raised its guidance for FY26D.R. Hortonand narrowed its guidance for FY26, with CEO David Auld commenting, "The D.R. Horton team delivered a solid second quarter"Synchrony, with EPS beating consensusINDEXES:The Dow fell 293.18, or 0.59%, to 49,149.38, the Nasdaq lost 144.43, or 0.59%, to 24,259.97, and the S&P 500 declined 45.13, or 0.63%, to 7,064.01.

Major Averages Slightly Lower as Investors Track Middle East Tensions

The major averages are marginally lower near noon as investors continue to track Middle East tensions ahead of a ceasefire deadline. Sentiment has been supported by hopes around potential Iran-related talks despite uncertainty over the conflict's next phase. Meanwhile, oil was higher once again, though the price remains below $100 per barrel.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applesaid that John Ternus willof the company, with Tim Cook transitioning to executive chairmanAmazonannounced an additionalUnitedHealthprovided areport for Q1GE Aerospacereportedand reiterated its FY26 guidance3Mreportedand reiterated its FY26 outlook2. WALL STREET CALLS:HSBCIntelto Buy on server CPU shipment growthKeyBancCrowdStriketo Overweight on AI tailwindsExxon Mobilto Peer Perform at Wolfe ResearchGraphic Packagingto Underperform at Raymond JamesNorthcoastCava Groupat Sell on "lofty' valuation3. AROUND THE WEB:Magnum Ice Cream'sshort interest in Europe has increased to 19% of shares available for trading, Bloomberg reportsMatch GroupCEO Spencer Rascoff's "primary focus" is winning over women, hoping this will arrest years of falling numbers and turn around Tinder's trajectory, FT saysA U.S. jury has found Uberliable for a sexual assault by a driver in 2019, handing Uber a second consecutive defeat in its first trials of more than 3,000 pending lawsuits, NY Times saysSalesforceCEO Marc Benioff dismissed the idea of vibe coded CRM replacing SaaS companies, saying data security and compliance make Salesforce indispensable, WSJ reportsDozens of allegations of customer financial fraud by former employees of Gibraltar Life Insurance, a Prudential Groupsubsidiary, have surfaced, Nikkei Asia reports4. MOVERS:Velo3Dhigher after announcing it willas an official sponsor and additive manufacturing technology provider for two 2026 IMSA Michelin Pilot Challenge eventsVaalco Energyincreases after providingfrom its Gabon drilling program and well results from its Etame 14H wellLucidgains after Uberin the companyHycroft Miningfalls after engaging with an engineering firm toAXT Inc. (AXTI) lower after announcing an5. EARNINGS/GUIDANCE:Genuine Partsand reaffirmed its guidance for FY26RTX, with CEO Chris Calio commenting, "RTX delivered a very strong start to 2026"Quest Diagnosticsand raised its guidance for FY26D.R. Hortonand narrowed its guidance for FY26, with CEO David Auld commenting, "The D.R. Horton team delivered a solid second quarter"Synchrony, with EPS beating consensusINDEXES:Near midday, the Dow was down 0.18%, or 86.83, to 49,355.73, the Nasdaq was down 0.18%, or 42.93, to 24,361.47, and the S&P 500 was down 0.27%, or 18.95, to 7,090.19.

Vaalco Energy Announces Positive Operational Updates in Gabon Drilling Program

Vaalco Energy announced "positive" operational updates in Gabon regarding the ongoing drilling program, including "encouraging" initial well results on the Etame 14H well and mobilized the rig to the Ebouri platform. Additionally, the company provided updates on the timing of bringing the Baobab field in CI-40 block, offshore Cote d'Ivoire back online. Successfully drilled, completed and placed on production the Etame 14H development well in the Etame field, with a lateral of 325 meters of net pay in Gamba sands; achieved initial flow rate of approximately 4,850 gross BOPD, 2,850 BOPD net to Vaalco; encountered 325 meters of net pay in Gamba reservoir sands with better-than-expected porosity and permeability; continued the drilling campaign in offshore Gabon, and drilling has commenced on the EEBOM-5H development well; targeting an updip/attic position for the EEBOM-5H well; and the refurbished Baobab Ivorien Floating Production Storage and Offloading Vessel has completed its tow from Dubai, and arrived back in Cote d'Ivoire on April 2. Restart of production remains on track for Q2.