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Stock Market & Financial Investment News

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.
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July 10, 2014
09:15 EDTKOSOn The Fly: Pre-market Movers
HIGHER: Zumiez (ZUMZ), up 5.7% after raising Q2 outlook... DragonWave (DRWI), up 5% after reporting better than expected Q1 results... International Game (IGT), up 3.6% after Italian press report says the company will soon get a $4B offer from GTECH... United Continental (UAL), up 2.9% after reporting June traffic. LOWER: Lumber Liquidators (LL), down 23% after downgraded at Jefferies and Credit Suisse following the company's reduced full-year outlook. Tile Shop (TTS), which also serves flooring customers, down 5.5% following Lumber Liqudators' profit warning... Family Dollar (FDO), down 1.9% after reporting Q3 earnings that missed expectations... Tractor Supply (TSCO), down 5.9% after reporting Q2 preliminary results, saying it now sees FY14 results at low end of guidance range... Liquidity Services (LQDT), down 8% after revising Q3 guidance after its sales of selected rolling stock and other assets under its Surplus Contract with the U.S. Defense Logistics Agency have ceased at the request of DLA... Potbelly (PBPB), down 18% after lowering its Q2 and FY14 outlook... Memorial Production Partners (MEMP), down 7.4% after filing to sell 8.6M shares of common units for partners... Kosmos (KOS), down 3.3% after filing to sell 17M shares of common stock.
09:08 EDTKOSKosmos 17M share Spot Secondary priced at $9.92
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July 9, 2014
16:23 EDTKOSKosmos files to sell 17M shares of common stock
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