Tullow Oil, VAALCO Energy and EnQuest PLC are part of the Zacks Industry Outlook article.
Although the Zacks Oil and Gas - International E&P industry is suffering a unanimous selloff, we advise focusing on fundamentally sound companies like TUWOY, EGY and ENQUF.
Tullow Oil, EnQuest PLC and VAALCO Energy are part of the Zacks Industry Outlook article.
A robust commodity price environment has provided enough growth tailwinds for the Zacks Oil and Gas - International E&P operators like TUWOY, ENQUF and EGY.
Apart from Equinor (EQNR) and Pembina Pipeline (PBA), Chevron (CVX), Tullow Oil (TUWOY) and Shell (SHEL) hogged attention during the week.
Tullow (TUWOY) announces the signing of a production sharing contract for Ivory Coast's offshore exploration license CI-803.
Apart from Shell (SHEL) and APA Corporation (APA), Chevron (CVX), Tullow Oil (TUWOY) and Northern Oil & Gas (NOG) hogged the limelight during the week.
Capricorn rejects TUWOY's earlier announced all-stock deal, which would have led to the creation of an Africa-focused energy company.
Notwithstanding recession-related headwinds, the Zacks Oil and Gas - International E&P operators like VET, TUWOY and ENQUF should enjoy some upside momentum.
TUWOY commits to the existing merger terms with Capricorn. The firm reinstates its guidance for full-year free cash flow of $200 million.