|Bid||430.00 x 0|
|Ask||449.50 x 0|
|Day's Range||440.00 - 446.50|
|52 Week Range||296.00 - 570.00|
|Beta (3Y Monthly)||1.97|
|PE Ratio (TTM)||75.82|
|Forward Dividend & Yield||0.15 (3.34%)|
|1y Target Est||9.10|
Today we'll evaluate Kosmos Energy Ltd. (NYSE:KOS) to determine whether it could have potential as an investment idea...
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]
New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and "destroy" Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday. Equatorial Guinea, a small West African member of the Organization of the Petroleum Exporting Countries, derives more than 90% of its foreign revenues from its oil and gas industry. The BEAC rules introduced in June are aimed at bringing order to a monetary bloc awash with petrodollars which, owing to lax controls, often end up in offshore bank accounts after bypassing local economies completely.
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. As an ethical and transparent company, Kosmos is committed to doing things the right way. 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.
Kosmos Energy, a U.S.-listed oil and gas exploration company, said on Monday the results of its appraisal drilling offshore Senegal were good enough to consider a second liquefied natural gas (LNG) export plant in the West African country. Kosmos discovered the Greater Tortue accumulation of gas offshore Senegal and Mauritania in 2015 and partnered with BP to develop the discoveries through a floating LNG (FLNG) plant, Senegal's first such production facility. Tortue is one of a troika of gas accumulations offshore Senegal that Kosmos is exploring and developing.
Kosmos Energy (NYSE/LSE: KOS) announced today that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100 percent success rate of wells targeting the inboard Mauritania/Senegal gas trend. It will also support the country’s “Plan Emergent Senegal” launched by the President of Senegal in 2014. Located offshore Senegal, the Yakaar-2 well was drilled in approximately 2,500 meters of water to a total measured depth of around 4,800 meters.
Oil and gas explorer Kosmos Energy expects to have agreed by the end of this year to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, Kosmos said on Monday. In December, BP and its partners gave the green light for the development of the large Greater Tortue Ahmeyim gas project off the coast of Mauritania and Senegal, a first for the two West African nations. Kosmos has a 30% stake in Senegal and 28% in Mauritania.
Kosmos Energy (KOS) (KOS.L) announced today an oil discovery at Gladden Deep (Kosmos 20% working interest). Gladden Deep is the first well of a four well infrastructure-led exploration (ILX) program in the U.S. Gulf of Mexico in 2019. Kosmos will drill the Moneypenny prospect in the third quarter, followed by the Oldfield and Resolution prospects in the fourth quarter.
W&T Offshore (operator) and project partner Kosmos Energy have made an oil discovery at the Gladden Deep exploration well in the U.S. Gulf of Mexico.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs and asset impairment costs, came to 6 cents per share. The independent ...
Oil and gas company Kosmos Energy Ltd said on Monday it has started a formal process to sell down its interest in the Mauritania-Senegal basin to around 10 percent and expects bids by the end of the summer. The company said in February it had discovered a "significant and valuable resource" in Mauritania and Senegal. The company said oil and gas revenue more than doubled for the three months ended March 31, to $296.8 million on higher production in Ghana.
Kosmos Energy Ltd. announced today financial and operating results for the first quarter of 2019. For the first quarter of 2019, the Company generated a net loss of $53 million, or $0.13 per diluted share.
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 June 27, 2019, to the stockholders of record at the close of business on June 6, 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.
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.