KOS

Kosmos Energy Ltd

Energy


Presented:01/20/2017
Price:$6.51
Cap:$2.51B
Current Price:$3.98
Cap:$1.88B

Presented

Date01/20/2017
Price$6.51
Market Cap$2.51B
Ent Value$3.73B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S386.27M
Ave Daily Vol1,920,552
Short IntN/A

Current

Price$3.98
Market Cap$1.88B
Kosmos Energy Ltd. is an independent oil and gas exploration and production company, which focuses on frontier and emerging areas in Africa and South America. The company's asset portfolio includes existing production, major discoveries and exploration prospects offshore Ghana, as well as exploration licenses with significant hydrocarbon potential offshore Mauritania, Morocco and Suriname. Kosmos Energy was founded on April 23, 2003 and is headquartered in Hamilton, Bermuda.

Publicly traded companies mentioned herein: Anadarko Petroleum Corporation (APC), BP plc (BP), Kosmos Energy Ltd (KOS), Tullow Oil PLC (TLW LN)

Highlights

Shares of offshore exploration company Kosmos Energy (KOS) represent an attractive investment opportunity at $6.50. The $2.5 billion market cap company is focused primarily on frontier and emerging areas along the Atlantic Margin (West Africa). The presenter is long the stock, and sees most investors focused on the onshore resource plays; however, the Kosmos team is “very sharp” and seems to have proven their ability to create value. The stock has pulled back from recent highs in the $7.30s following the sale of a large block of stock by Blackstone and Warburg Pincus (original backers that will no longer have a majority of the voting power), but he noted that his was the first such sale since 2014; based on his model the stock is worth at least $8-10 based on the NAV of its present assets in Ghana and Mauritania/ Senegal, and there is optionality around the potential for oil to be found in Mauritania/ Senegal field (as opposed to just gas).

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Idea Discussion

Commentor 1 - 2 weeks ago

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