CIE 2 ⅝ 12/01/19

Cobalt International Energy, Inc.

Credit, Energy


Cobalt International Energy, Inc. 2.625% Dec ’19 

Publicly traded companies mentioned herein: Anadarko Petroleum Corp (APC), Chevron Corp (CVX), Cobalt International Energy Inc (CIE)

Highlights

The presenter is bullish on Cobalt International Energy (“Cobalt”), stating that though sentiment (and pricing) of Cobalt securities have declined dramatically in recent months, the underlying value of the company has not changed materially. He sees significant upside potential from ongoing arbitration and possible asset sales, as well as strong justification of current valuation based on existing assets. He believes a good way to play the thesis is via Cobalt’s senior convertible notes, primarily the 2.625% Dec ’19 tranche at 10 cents.

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Idea Discussion

Commentor 1 - 2 weeks ago

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