|Bid||6.88 x 4000|
|Ask||0.00 x 4000|
|Day's Range||6.71 - 6.99|
|52 Week Range||3.53 - 9.75|
|Beta (3Y Monthly)||2.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 6, 2019|
|Forward Dividend & Yield||0.18 (2.90%)|
|1y Target Est||9.07|
In what looks like a very unlikely cooperation, Senegal and Mauretania have agreed to fast-track the mega Tortue FLNG project
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations.
Kosmos intends to use the net proceeds from the offering to fund the redemption of all of its outstanding 7.875% Senior Secured Notes due 2021, of which there is $525 million aggregate principal amount outstanding, to repay a portion of the outstanding indebtedness under its revolving credit facility and to pay fees and expenses related to the redemption, repayment and the offering. The securities offered will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and unless so registered, the securities may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws.
Kosmos Energy (KOS) delivered earnings and revenue surprises of -280.00% and -14.00%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Kosmos Energy Ltd. (“Kosmos”) (KOS) announced today that, subject to market conditions, it intends to offer $600 million aggregate principal amount of senior notes due 2026. Kosmos intends to use the net proceeds from the offering to fund the redemption of all of its outstanding 7.875% Senior Secured Notes due 2021, of which there is $525,000,000 aggregate principal amount outstanding, to repay a portion of the outstanding indebtedness under its revolving credit facility and to pay fees and expenses related to the redemption, repayment and the offering. The securities to be offered will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and unless so registered, the securities may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws.
Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government plan. The state, which has built its wealth on the back of North Sea oil and gas reserves, also has no plan to sell its direct stake in Norwegian energy firm Equinor or its direct holdings in Norwegian oil and gas fields.
NEW YORK, March 01, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Kosmos Energy Ltd is an independent oil and gas exploration and production company which focuses on frontier and emerging areas along the Atlantic Margin. Warning! GuruFocus has detected 5 Warning Signs with KOS.
Kosmos Energy (NYSE/LSE:KOS) announced that its Board of Directors has declared a quarterly cash dividend of $0.0452 per common share payable on March 28, 2019, to the stockholders of record at the close of business on March 7, 2019. Holders of common shares on the New York Stock Exchange will be paid in U.S. dollars, and holders of common shares through depositary interests on the London Stock Exchange will be paid in British pounds sterling. Dividends paid in British pounds sterling will be converted from U.S. dollars at the exchange rate quoted by Bloomberg (BFIX) at 5:00 pm New York time on March 14, 2019.
Kosmos Energy Ltd. (“Kosmos”) (KOS) announces that it is hosting a Capital Markets Day presentation today in London for sell-side analysts and institutional investors. The event will be hosted by Andrew G. Inglis, Chairman and Chief Executive Officer, and will include presentations from members of Kosmos’ Leadership Team on the company strategy. The presentations will be streamed via a live webcast on Kosmos’ website from 14:00 GMT (09:00 ET).
Kosmos Energy Ltd. announced today financial and operating results for the fourth quarter of 2018. For the fourth quarter of 2018, the Company generated a net gain of $186 million, or $0.43 per diluted share as compared to net loss of $122 million or $0.31 per diluted share in the same period last year.
Kosmos Energy (KOS) (KOS.L) announced today that Chief Exploration Officer and Founding Partner Brian F. Maxted has decided to retire from the company effective February 15, 2019. Mr. Maxted will remain on the Board of Directors and continue to serve as a special advisor on matters related to exploration. Ms. Tracey Henderson will assume the role of Chief Exploration Officer upon Mr. Maxted’s retirement.
New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business. Central to this new strategy are efforts to find an ally earlier in the process of discovering new fields, and on a larger scale, in order to save money as budgets remain tight after the oil price slump of 2014. While giants such as Total and Eni revamp exploration in-house, BP and Royal Dutch Shell have been more open to having partners do the heavy lifting of exploration in certain geographies.
BP discovers additional 400 million barrels of oil in place at the Atlantis field through advanced seismic imaging and reservoir characterization.
A total of 16 upstream energy players have applied for exploring one or more of the five prospective blocks, located off the coast of Ghana.
From the Tortue field, with estimated 15 trillion cubic feet of recoverable natural gas resources, BP expects its FLNG facility to produce 2.5 million tonnes of LNG annually.
Kosmos Energy (KOS) and its partners expect the FLNG facility for Phase 1 to provide about 2.5 million tons per annum on average.
Kosmos Energy (KOS)(KOS.L) and its partners announced today that a Final Investment Decision (FID) for Phase 1 of the Greater Tortue Ahmeyim project has been agreed. The decision was made by Kosmos, BP, Petrosen and SMHPM following a meeting to agree final elements held in Nouakchott between President Mohamed Ould Abdel Aziz of Mauritania and President Macky Sall of Senegal. The Greater Tortue Ahmeyim project will produce gas from a deepwater subsea system and mid-water FPSO to a floating liquefied natural gas (FLNG) facility at a nearshore hub located on the Mauritania and Senegal maritime border.
The capital markets day will be available via telephone and video webcast and will include a presentation with slides available on the Company’s website. As an ethical and transparent company, Kosmos is committed to doing things the right way.