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News Breaks
February 3, 2014
08:03 EDTKOSKosmos announces 140% reserve replacement ratio, 2014 capital program
Kosmos Energy announced an oil and gas reserve replacement ratio of 140% supported by increased oil reserves in the Jubilee field. Additionally, the company reported a 2014 capital spending plan of approximately $575M. 2013 capital spend came in under budget at $425M primarily related to the deferral of certain development and appraisal activities into 2014. As a result, the company’s overall liquidity position at year-end 2013 was stronger than expected with cash and cash equivalents of $598M and total available liquidity of $1.2B. Ghana-related development and appraisal capital spending comprises approximately two-thirds of the 2014 forecast program, with around $70M of the Ghana expenditure ascribed to spending deferred from 2013. The remaining one-third is allocated for exploration activities and reflects the benefits of last year’s farm-out initiatives in Morocco. The company’s 2014 Ghana development and appraisal activity is targeted at around $400M, about equally divided between the Greater Jubilee and TEN projects. As part of the company’s planned exploration activities, which total approximately $175M for the year, Kosmos expects to participate in the drilling of two offshore exploration wells.
News For KOS From The Last 14 Days
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July 2, 2015
10:00 EDTKOSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Market Perform at Cowen... Acadia Realty Trust (AKR) upgraded to Buy from Neutral at Citi... Alliance Resource Partners (ARLP) upgraded to Buy from Hold at Deutsche Bank... ArcBest (ARCB) upgraded to Peer Perform from Underperform at Wolfe Research... AstraZeneca (AZN) upgraded to Buy from Hold at Berenberg... ConAgra (CAG) upgraded to Overweight from Equal Weight at Morgan Stanley... DuPont Fabros (DFT) upgraded to Buy from Neutral at Citi... EastGroup Properties (EGP) upgraded to Buy from Neutral at Citi... Galaxy Entertainment (GXYEY) upgraded to Hold from Sell at Deutsche Bank... GrubHub (GRUB) upgraded to Outperform from Sector Perform at RBC Capital... HealthSouth (HLS) upgraded to Outperform from Market Perform at JMP Securities... IGM Financial (IGIFF) upgraded to Sector Performer from Underperformer at CIBC... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... Kimco Realty (KIM) upgraded to Buy from Neutral at Citi... Kosmos (KOS) upgraded to Outperform at BMO Capital... MGM China (MCHVF) upgraded to Hold from Sell at Deutsche Bank... Regal Entertainment (RGC) upgraded to Neutral from Sell at B. Riley... SL Green Realty (SLG) upgraded to Buy from Neutral at Citi... SQM (SQM) upgraded to Buy from Hold at HSBC... Sands China (SCHYY) upgraded to Hold from Sell at Deutsche Bank... Terex (TEX) upgraded to Neutral from Underperform at BofA/Merrill... United Community Banks (UCBI) upgraded to Outperform from Market Perform at Raymond James... Weingarten Realty (WRI) upgraded to Buy from Neutral at Citi... Willis Group (WSH) upgraded to Neutral from Sell at Goldman... Wynn Macau (WYNMF) upgraded to Hold from Sell at Deutsche Bank.
07:30 EDTKOSKosmos upgraded to Outperform at BMO Capital
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06:16 EDTKOSKosmos upgraded to Outperform from Market Perform at BMO Capital
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July 1, 2015
08:17 EDTKOSKosmos management to meet with Deutsche Bank
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June 30, 2015
07:23 EDTKOSKosmos management to meet with Deutsche Bank
Meetings to be held in Geneva/Zurich on June 30 hosted by Deutsche Bank.
June 22, 2015
16:44 EDTKOSKosmos files automatic mixed securities shelf
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