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Kosmos Energy (KOS)

  • Fri, Apr. 10, 5:36 PM
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  • Mon, Mar. 2, 12:49 PM
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  • Mon, Mar. 2, 10:01 AM
    • Kosmos Energy (KOS -9.2%) says its exploration well off the coast of Morocco's Western Sahara territory failed to make a commercial discovery and will be plugged.
    • KOS says the 8.5K sq. mile Cap Boujdour block still has "substantial exploration potential" and a second well could be drilled after further analysis of the data.
    • The decision postpones the issue of what would happen if commercially viable oil resources were discovered off the coast of one of the longest running international territorial disputes in Africa.
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  • Mon, Feb. 23, 8:02 AM
    • Kosmos Energy (NYSE:KOS): Q4 EPS of $0.33 may not be comparable to consensus of -$0.06.
    • Revenue of $178.14M (-17.1% Y/Y) beats by $4.01M.
    • Press Release
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  • Sun, Feb. 22, 5:30 PM
  • Wed, Feb. 4, 4:59 PM
    • Chevron (NYSE:CVX) agrees to buy a 30% stake in 6.6M acres of offshore oil blocks in Mauritania from Kosmos Energy (NYSE:KOS)
    • KOS will retain a 60% stake and operate the fields until any commercial discovery is made, after which CVX will become operator; financial terms were not disclosed.
    • The deal is subject to the approval of Mauritania's government.
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  • Wed, Jan. 14, 2:35 PM
    • Barclays downgrades the large-cap E&P sector to Negative from Neutral and the small- and mid-cap E&P group to Negative from Positive, arguing that downside risk outweigh potential gains even if oil prices recover.
    • Equity investors are pricing in WTI crude assumptions of close to $75/bbl in 2016 compared to current strip prices of ~$57, Barclays says, also noting that an abundance of relatively cheap oil supply from U.S. producers could further delay a price recovery.
    • Among specific names, the firm downgrades CHK, SD, REN and HK to Underweight; DVN, CLR, KOS, MRO, RSPP and WLL are cut to equal weight.
    • At the same time, Barclays picked a few favorites, upgrading Range Resources (NYSE:RRC) to Overweight from Equal Weight, and maintained Overweight ratings on large-cap E&P companies CNQ, EOG and NBL; among small- and mid-cap E&P names, the firm favors AR, CXO and XEC.
    • ETFs: XOP, IEO, PXE
  • Dec. 9, 2014, 5:36 PM
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  • Nov. 7, 2014, 12:49 PM
    • Kosmos Energy (KOS +6.8%) is upgraded to Outperform from Sector Perform with a $17.50 price target, up from $12, at RBC Capital after its recent Q3 earnings beat.
    • RBC says KOS offers a rare combination of reserves, production, cash flow and a high-risk high-reward drilling campaign, which should lure investors that have been put off international E&P by a dearth of exploration success and weak oil prices.
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  • Nov. 3, 2014, 7:04 AM
    • Kosmos Energy (NYSE:KOS): Q3 EPS of $0.05 beats by $0.04.
    • Revenue of $138.44M (-35.7% Y/Y) misses by $44.96M.
    • Press Release
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  • Oct. 21, 2014, 3:58 PM
    • Global Hunter revisits its commodity price outlook, now moving to $83 long-term oil vs. $85 previously, applying a higher discount rate to future cash flows and modeling more conservative assumptions with regards to future rig activity, which results in downward revisions for several exploration and production stocks price targets and some rating changes (
    • Anadarko Petroleum (NYSE:APC), Gulfport Energy (NASDAQ:GPOR) and Rex Energy (NASDAQ:REXX) are upgraded to Buy; Talisman Energy (NYSE:TLM) is raised to Speculative Buy from Neutral.
    • Devon Energy (NYSE:DVN), Hess (NYSE:HES), Occidental Petroleum (NYSE:OXY) and Kosmos Energy (NYSE:KOS) are upgraded to Accumulate from Neutral.
    • Cobalt Energy (NYSE:CIE) is downgraded to Speculative Buy from Buy.
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  • Oct. 16, 2014, 2:32 PM
    • Tullow Oil (OTCPK:TUWLF, OTCPK:TUWOY) and partners including Anadarko Petroleum (NYSE:APC) and Kosmos Energy (NYSE:KOS) are planning to invest $2.2B next year to drill wells in Ghana’s Jubilee and Tweneboa-Enyenra-Ntomme, or TEN, oil fields, the deputy general manager of Tullow Oil Ghana says.
    • The partners plan to invest $20B over the next decade to boost the country's crude oil output to 500K bbl/day from 103K now.
    • Tullow, the operator of the projects, plans to drill two wells in the TEN field and as many as three wells at Jubilee.
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  • Oct. 6, 2014, 5:42 PM
    • Kosmos Energy (NYSE:KOS) -4.1% AH after announcing that funds affiliated with Blackstone Group and Warburg Pincus will sell a total of 15M KOS common shares in a public offering; the underwriter is granted an option to purchase up to an additional 2.25M shares from the selling shareholders.
    • KOS will receive no proceeds from the sale.
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  • Oct. 6, 2014, 5:36 PM
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  • Oct. 6, 2014, 9:52 AM
    • Kosmos Energy (KOS +1.3%) is set to sign a $400M farm-in agreement with Senegal's state-owned oil company to take a 60% stake in the Cayar and St. Louis offshore blocks, Reuters reports.
    • KOS reportedly has committed to drill two exploration wells up to a total value of $240M, and will then drill a third well, or alternatively a first appraisal well, to a value of another $120M; KOS has also committed as the new operator to undertake a 3D seismic survey of ~7K sq. km over the two blocks.
    • KOS already is present in the region as a shareholder in Ghana's Jubilee oil field and TEN project.
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  • Sep. 11, 2014, 5:35 PM
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Company Description
Kosmos Energy Ltd is an independent oil and gas exploration and production company withhydrocarbon potential offshore Ireland, Mauritania, Morocco, Senegal and Suriname.
Country: Bermuda