|Bid||0.01 x 4000|
|Ask||9.50 x 4000|
|Day's Range||9.19 - 9.65|
|52 Week Range||5.15 - 9.65|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.63|
Kosmos Energy's (KOS) acquisition of Deep Gulf Energy to increase production to 70 thousand barrels of oil equivalent per day (MBoe/d) from 45 MBoe/d.
Diversified Gas & Oil (DGOC), which owns and operates natural gas and crude oil producing wells in the Appalachian Basin, was the strongest upstream stock in the week ending September 14. Diversified Gas & Oil rose 12.4% last week. Overall, the company has gained 53.9% since the beginning of 2018. The company’s strong YTD returns could be attributed to its strong earnings growth and the recent “acquisition of EQT Corporation’s southern Appalachian producing gas and oil and midstream assets,” as noted in the related press release. ...
Kosmos Energy (KOS) (KOS.L) announced today that it has completed the previously announced acquisition of Deep Gulf Energy (“DGE”)1, a leading deepwater company operating in the Gulf of Mexico. This immediately accretive acquisition enhances the scale of the company and is expected to generate significant free cash flow, enabling Kosmos to return cash to shareholders through a dividend, beginning in the first quarter of 2019. Kosmos is a well-capitalized, pure play deepwater oil and gas company with growing production, a pipeline of development opportunities and a balanced exploration portfolio along the Atlantic Margins.
Kosmos Energy (KOS) is in sixth place in terms of analysts’ ratings among upstream companies. It’s the only upstream company among the top seven companies in this series that doesn’t have exposure to the Permian Basin. It’s involved in offshore exploration and production with assets in offshore Ghana and Equatorial Guinea.
Upstream companies have been very volatile in recent weeks. That’s due to strong volatility in crude oil and natural gas prices. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes 56 exploration and production companies, saw a three-month low of $38.80 in August. It recovered significantly by the end of that month. However, most of the gains were eroded in the recent fall.
Oil drillers are increasingly focusing on the 41 billion untapped barrels of oil in sub-Saharan Africa, as higher oil prices are making commercial exploitation feasible
Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licences to oil companies unless they collectively invest a minimum of $2 billion (1.6 billion pounds) in the country, the oil minister said on Thursday. Oil minister Gabriel Obiang Lima said the licence extensions, which would be negotiated later in September and October, could impact operations by U.S. oil major ExxonMobil (XOM.N), Kosmos Energy (KOS.N), Marathon Oil (MRO.N) and Noble Energy (NBL.N). "We expect all of them to have an understanding that we do want serious investment in activities and if that is not happening ... some of the extensions they will be asking for will not be handed over," Obiang Lima told Reuters at an African oil and power conference.
Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil Corp. to Royal Dutch Shell Plc and BP Plc are setting up camp across Africa. Armed with stronger balance sheets and higher crude prices the industry is on track to double drilling in African waters this year.
In the week ending on August 31, California Resources (CRC) was the top E&P (exploration & production) gainer for the second consecutive week. California Resources rose 16.1% last week. Overall, the company has gained ~42% in the past two weeks. The recent rally in California Resources could be attributed to massive short covering amid gains in crude oil prices. California Resources is still trading below its 52-week high of $48.9. So far, the company has risen 113.7% in 2018.
NEW YORK, Aug. 21, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Addus ...
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%. This growth may have been due to its strong second-quarter earnings and gains in natural gas prices. Its distribution rose 8% year-over-year during the quarter, and the partnership increased its 2018 production guidance. BSM has risen 6.4% this year, while peer Viper Energy Partners (VNOM) has risen 59%. For a comparison of the two royalty owners, read VNOM and BSM: A Comparative Analysis of Two Mineral Interest MLPs.
The deal ends First Reserve's 13-year investment and marks Kosmos’ expansion into the Gulf of Mexico.
Oil markets had a bullish start to the week as U.S. sanctions on Iran came into effect and Saudi Arabia surprisingly reduced its crude production and exports
Private equity firm First Reserve’s latest Houston exit has it cashing out on an investment with a 13-year history across three different funds. First Reserve is selling its Deep Gulf Energy companies to Dallas-based Kosmos Energy (NYSE: KOS) for $1.225 billion. The deal includes Deep Gulf Energy LP, Deep Gulf Energy II LLC and Deep Gulf Energy III LLC, the first of which secured its initial First Reserve commitment in 2005.
Monday saw a heavy slate of M&A announcements. Here are some of the most significant involving publicly traded companies: Amcor Limited will purchase Bemis Company, Inc. (NYSE: BMS ) in a $6.8 billion ...
First Reserve, an energy-focused private equity firm with offices in Connecticut and Houston, will sell its three Houston-based Deep Gulf Energy companies to Kosmos Energy Ltd. (NYSE: KOS) for $1.225 billion, the companies announced Aug. 6. The deal is expected to close around the end of the third quarter of 2018, according to press releases. Kosmos, which is registered in Bermuda and has its headquarters in Dallas, will pay $925 million in cash plus $300 million in newly issued Kosmos shares to First Reserve, management and other Deep Gulf Energy shareholders, per Kosmos' press release. The Deep Gulf Energy companies — Deep Gulf Energy LP, Deep Gulf Energy II LLC and Deep Gulf Energy III LLC — targest undeveloped fields with recoverable reserves of between 20 million and 300 million barrels of oil equivalent, according to First Reserve's website.
The deal comes as the Trump administration is relaxing regulations put in place after the Deepwater Horizon disaster eight years ago and clearing the way for more leases for drilling in the Gulf of Mexico.
Ltd. agreed to acquire Deep Gulf Energy from private-equity firm First Reserve for a total consideration of $1.23 billion. Deep Gulf is a deepwater oil-and-gas exploration and development business operating in the Gulf of Mexico. Deepwater oil-and-gas company Kosmos said it would pay $925 million in cash and $300 million in Kosmos common shares.
NEW YORK, NY / ACCESSWIRE / August 6, 2018 / Kosmos Energy Ltd. (NYSE: KOS ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 6, 2018 at 11:00 AM Eastern Time. To ...
STAMFORD, Conn., HOUSTON and LONDON, Aug. 6, 2018 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on energy, today announced an agreement to sell the Deep Gulf Energy companies ("DGE"), a deepwater oil and gas exploration and development business operating in the Gulf of Mexico, to Kosmos Energy (NYSE/LSE: KOS) for a total consideration of $1.225 billion, subject to post-closing adjustments, to First Reserve and other shareholders. With a commitment to backing experienced management teams through the Firm's extensive global network, First Reserve first backed the Deep Gulf Energy team in 2005. Since inception of the franchise, Deep Gulf Energy has successfully employed a disciplined strategy focused on projects in small- to mid-sized fields with subsea tiebacks to existing infrastructure. Deep Gulf Energy's management team is made up of a core group of mostly ex-Mariner Energy founders and personnel with a total of over 300 years of E&P experience including over 175 years in the deepwater Gulf of Mexico.
The Hamilton, Bermuda-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, were 9 cents per share. The results fell short of Wall Street expectations. The average ...
Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion, according to a bourse filing on Monday, expanding the deepwater oil and gas firm's operations into the Gulf of Mexico. Dallas-based Kosmos, which currently operates in Africa and South America, will pay $925 million in cash and $300 million in Kosmos common stock to acquire DGE, with the transaction expected to close towards the end of the third quarter. Acquiring DGE's business will increase Kosmos' production by more than 50 percent to 70,000 barrels of oil equivalent per day (boed) from around 45,000 boed now, with the company's estimated reserves rising 40 percent to around 280 million barrels of oil equivalent, the statement said.
Kosmos Energy announced today that the company has entered into an agreement to acquire Deep Gulf Energy 1, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225 billion, subject to certain adjustments.