WOW 3 PR out in last 12 hours merger stinks for TGL holders
Old CEO Neely must be worried !!!!!! JMHO
NOTHING GOOD in the deal for TransGlobe holders , Neely pumping the deal and saying nothing about the big CASH pile that was supposed to be our BIG dividends , remember we were supposed to get 70 or 75 % of the free cash flow returned as a dividend AND what have we got 10 cents , we should get upwards of another 80 cents before year end 2022 and what does our management and BOD want us to do !
Give all our earned dividends away to a company that sit on poor production numbers from the last well and what could be bad numbers on the current well drilling as everything points to delays on getting the well on test or production.
Hey EGY stockholders were voted a dividend
CORRECTING AND REPLACING - VAALCO Energy Declares Quarterly Dividend
EGY | August 8, 2022
The attached re-issued release contains additional required disclosures relating to the planned post-closing dividend associated with the proposed transaction with TransGlobe.
HOUSTON, Aug. 08, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company"
announces its quarterly cash dividend of $0.0325 per share of common stock for the third quarter of 2022 ($0.13 annualized), which is payable September 23, 2022 to stockholders of record at the close of business on August 24, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
George Maxwell, VAALCO’s Chief Executive Officer, commented, "Returning value to shareholders is key to our strategic vision and we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. As we recently disclosed, upon closing of the proposed strategic combination of VAALCO with TransGlobe Energy, we plan to nearly double our target annualized dividend to $0.25 per share annually, with payments to be made quarterly, and the first payment to be made in the first quarter post completion. We have a premier asset at Etame generating strong operational results, which coupled with strong pricing, has allowed us to return meaningful cash to shareholders. The combination with TransGlobe should enable us to significantly increase our dividend as a result of the enhanced cash flow generation of the Combined Company."
TransGlobe Energy Corporation: Your Vote Is Important Please Vote Your Proxy Today
Newsfile 5 hours ago
Glass Lewis Joins ISS in Recommending Shareholders Vote FOR TransGlobe's Proposed Combination with VAALCO
Newsfile 5 hours ago
ISS Concludes that TransGlobe Shareholders Vote FOR the Proposed Business Combination with VAALCO Energy, Inc.
Newsfile 10 hours ago
This deal does nothing for us TransGlobe stockholders while enriching our BOD and management on a company exit