Opportunity for growth in Vaalco Energy Inc. (NYSE: EGY) after January 5

Amid turbulence at another Texas energy company, a contentious resolution arose. Houston-based Vaalco Energy Inc.(NYSE: EGY) reached an agreement with a group of angry investors who collectively hold an 11.1 percent stake in the company.

The investment group, known as Group 42 BLR, is a combination of the holding group of San Antonio-based Group 42 Inc. and private Houston investor Bradley Radoff.

Under terms of the agreement, incumbent directors James Jennings and O. Donaldson Chapoton will retire from the board, effective immediately. On the other side, the investor group has withdrawn its consent solicitation to replace a majority of the directors of Vaalco, which has cancelled its plans for a special meeting of stockholders on Jan. 5, according to a statement.

Vaalco Energy Inc. showed disappointing results for its shareholders and its last price is USD 1,51 with 52W Range: 1.22 / 6.33 and Week Volatility = 10.60%. Changes have likely reassure existing shareholders and potential investors and deeper decline in the share price will be avoided.

After adjusting the events around January 5 and calming the conflict between shareholders and  management it is most likely to occur again rise up to levels EGY USD 2,00 / USD 2,20. Before that is most likely a short period of uncertainty less volatile chopi trading in a narrow range around 1.45 to 1.61.