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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kosmos Energy Ltd | KOS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.50 | -1.98% | 123.50 | 16:35:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 123.50 | 126.00 |
| Industry Sector |
|---|
| HEALTH CARE EQUIPMENT & SERVICES |
| Top Posts |
|---|
Posted at 21/4/2025 13:19 by wellbutpoor pepeFinancials from 24th Feb: *Net cash provided by operating activities of approximately $176 million and free cash flow of approximately $14 million in the fourth quarter *$2.8 billion of total long-term debt *Available liquidity of approximately $535 million *Near-term debt maturities of $250 million in 2026, funded from free cash flow *In 2025 CAPEX is expected to be $400 million or below, 50% lower than 2024 *Cost reduction in annual overheads of around $25 million by year-end 2025 Current market cap of £600m looks pretty cheap, there are some great assets to be optimised and while there is debt, it looks to be well under control With the KOS/BP GTA LNG project finally operational, debt could be dealt with fairly quickly KOS is well backed by institutional investors who must see value here. I've been buying on recent weakness and believe this is a strong recovery prospect |
Posted at 25/2/2025 07:59 by cashandcard Mopane 3X - Discovery confirmed!hTtps://ww |
Posted at 06/1/2025 22:49 by cashandcard Fraserdean,hTtps://s |
Posted at 02/1/2025 11:45 by fraserdean Many thanks, do you know if there is a map anywhere showing the location of Mopane-3x?I was just surprised Galp was down more than 4% on the news, in thin trading, but Santanta not so, assumed that Galp had more cautious professional investors. |
Posted at 14/12/2024 13:06 by xxnjr thx to ctc1 on the tlw board"Upstream Kosmos Energy has been described as the “natural acquirer” of Tullow Oil, analysts told Upstream, after the companies released statements notifying the market about a potential takeover being discussed. The two companies issued press statements on Thursday, confirming that discussions are underway. Kosmos described the interaction so far as “very preliminary discussions.” Analysts reacting to the news suggested the US-based player is arguably best placed to weigh the value of such a transaction, given its experience in the regions where Tullow is present and its understanding of the underlying assets. “Given that Kosmos know the assets very well, they're the natural acquirer of Tullow if they did want to do it,” Daniel Slater, research director at Zeus Capital, told Upstream. Tullow is the operator of the Jubilee and Twenboa-Enyenra-Ntom London-based Tullow’s other assets include operatorship of the long-stalled Lokichar oil project in Kenya as well as holdings in Ivory Coast, Gabon and Argentina. On a financial level, Slater said the company is “still relatively highly levered, but they've brought that leverage down quite a bit over the last few years”, making the prospect of a deal more attractive. He believed a transaction would likely be a cash and stock deal. On the deal's actual value, he said: “It's a question of, given the value of the debt, whether they can come to a price for the equity that is low enough for it to be attractive to Kosmos and high enough for it to be attractive to investors.” Tullow has been facing challenges on a number of fronts, recently reporting production issues at Jubilee. The company saw its share price plunge to a four-year low in late November, following a downgrade of its cash flow guidance for the year. About a week later, Tullow announced its chief executive, Rahul Dhir, would be leaving next year, triggering another sharp drop. The Tullow stock was down over 10% on Friday morning, following the news of the potential Kosmos merger. “Having lost its touch in prospecting for hydrocarbons, seen sentiment towards its sector sour, and fallen into financial difficulties, Tullow’s life as a public company could soon come to an end in reduced circumstances,” Coatsworth noted that the stock had been gaining ground throughout this week, as media speculation suggested a deal may be on the cards. Today’s fall is a reaction to that earlier trend, he said. Kosmos stock was also down 3% on Friday and, according to Zeus’ Slater, this may indicate investors are of getting more involved with assets that have had historical issues “What the [share] price [movement] is telling you is they don't want more exposure to those assets,” he said. If Kosmos does acquire Tullow, share price Angel analyst David Mirzai estimated their combined production would be north of 150,000 barrels of oil equivalent per day, some 60% generated by Kosmos based an 2024 figures. “The proposed consolidation reflects the growing trend in the E&P sector to add scale and provide operational, financial and fiscal synergies that could unlock future growth by boosting liquidity and access to capital,” said Mirzai. However, Mirzai argued that the negative share price reaction of both stocks to the deal "suggests that creating a $2-billion market cap E&P with over $4 billion of net debt may be too much for investors to swallow, despite the obvious operational synergies." Total net debt of the two players is currently about $4.1 billion, some 65% of which is on Kosmos' books. An oil executive familiar with Tullow well told Upstream that he can “see the logic” of the deal, pointing out there would be “a lot” of general and administrative cost savings, and would expect Tullow’s office in west London to close. Both companies, said Mirzai, have focused on the delivery of a free cash flow inflection point in 2024 on the back of rising production and revenues against lower capital expenditures, with a 2025 strategy dedicated to debt reduction. However, missed production targets have weighed on both share prices this year and, with significant debt still on the balance sheet, he said: “We think there is limited room for surprises compared to peers given the outlined capital allocation policy.” Mirzai also expects other groups “to take an interest in Tullow’s operated portfolio.” One name he highlighted is privately-owned Trident Energy, a London-based player focused on offshore operations — not exploration — in Africa, with its key asset being the producing Oveng-Okume-Ceiba oil complex offshore Equatorial Guinea, where Kosmos is a partner. Mirzai also name-checked Carlyle Group, a private equity player that is backing up an E&P business led by former BP chief executive Tony Hayward that recently acquired the bulk of Energean's East Mediterranean portfolio. Hayward met top Egyptian officials in London last week to discuss the company's investment plans, particularly for the Abu Qir gas complex." |
Posted at 08/11/2024 12:29 by fraserdean aoc did a presentation yesterday at africa energy week re EG, glad to see they didn't share that positive presentation with investors, best to keep these things hush hush |
Posted at 23/4/2024 22:03 by cashandcard xxnjr,Agree - GALP are in Dreamland. They can pick and choose and there are vague reports already of undisclosed offers.I can't wait, as a significant Sintana holding dominates a section of my portfolio, we will see immediate read across.In fact it's happening right now. Sintana Energy storming head today. Up almost 25% at close tonight.The writing is on the wall - this is Dreamland for oil exploration investors.Cash |
Posted at 22/4/2024 08:00 by cashandcard xxnjr,They have truly hit the jackpot in PEL83.A rare GIANT oil discovery, before any of the other prospects on the block are drilled. Before any of the other PELs are drilled.I've seen some Canadian resource investors talk 20billion OIP on PEL83 on this block based on what is known.Word is GALP are now planning a 10 well campaign for PEL83. They are going all out. I expect a partner announcement during the summer - no doubt majors will be all over them.What a rare position for a minnow oil company to be in. Reminds me of the days of Edinburgh oil and gas - when Buzzard oilfield in the North Sea. Also GKP, as Shaikhan was discovered. What Sintana have is greater - access to the epicentre of a huge new basin in its honeymoon phase, where all the major discoveries are made.Not selling a single share. This is only just getting started - AOI indicating Chevron have a rig and Woodside will probably announce soon aswell.Cash |
Posted at 17/4/2024 16:17 by xxnjr This is odd and not investor friendly"Those shareholders wishing to join the event are requested to register their names, and state whether they wish to attend in person or join the webcast, by sending an email no later than Monday April 15 to: events@africaoilcorp The webcast details will be emailed to the registered webcast attendees prior to the event." I'm locked out! |
Posted at 10/1/2024 15:35 by xxnjr "Galp Energia has made a major oil discovery offshore Namibia with its Mopane-1X exploration well, triggering a 9.2% jump in its stock price which hit €15.14 ($16.56) on the Lisbon bourse this afternoon – the highest it has been for nearly four years – and was just shy of this level at the time of republishing.The operator did not reveal a resource size, but an indication of what investors think can be gleaned from the fact that Galp's market capitalisation has risen by almost €800 million to hit about €10.7....." |
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