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Started By
Message
Kosmos Energy (KOS) - they might have found a lot of oil.
Posted on 7/24/16 at 9:32 am
Posted on 7/24/16 at 9:32 am
word on the street is that they've found a bunch of oil. within 6-12 months their stock should soar or they'll get bought out by a larger company.
company website
take it for what it's worth
I don't own this stock (yet, it's sunday)
have any of you O&G people heard anything about this?
company website
take it for what it's worth
I don't own this stock (yet, it's sunday)
have any of you O&G people heard anything about this?
8
Posted on 7/24/16 at 9:45 am to white perch
the world is flush with excess oil, I dont think finding new oil is that big a deal or surprise today as in the past.
Posted on 7/24/16 at 9:58 am to dabigfella
Except the whole "oil is worth money" thing
Posted on 7/24/16 at 10:03 am to white perch
Where?
Posted on 7/24/16 at 11:07 am to white perch
If it's public info that they've struck oil then I would imagine that stock would price that info in come tomorrow morning. Arbitrage is never as easy as it seems.
Posted on 7/24/16 at 12:04 pm to white perch
quote:
word on the street is that they've found a bunch of oil
Link? Not seeing anything published. If its inside info then I'd be very cautious about what you just posted biting you on the SEC arse.
Posted on 7/24/16 at 12:14 pm to white perch
Why would a new oil find automatically translate into the company stock soaring? Even if true, it might not be an economically viable find.
Posted on 7/24/16 at 12:46 pm to white perch
For more on Kosmos check out the documentary Big Men on Netflix. 
Posted on 7/24/16 at 2:31 pm to foshizzle
quote:
Why would a new oil find automatically translate into the company stock soaring? Even if true, it might not be an economically viable find.
This. A lot of oil has disappeared from many companies' balance sheets because it is no longer viewed as economically viable. The US and the rest of the world has a lot of oil in storage, a lot of economically viable oil still in the ground, and a lot of currently unprofitable oil.
With all that said, if KOS's supposed find is profitable for them to produce, it could help them tremendously. They have around $1 billion in debt to pay off by/in 2021, and they are not profitable right now. But since most/all of their leases are offshore (and offshore west Africa, for that matter), I'm skeptical about what this will really do for them. I'll put it on a watchlist.
Posted on 7/24/16 at 3:45 pm to Omada
colleague of mine was in Morocco for them a few years back.
Posted on 7/24/16 at 4:55 pm to Fat Bastard
Heard the same thing down at Scissors Palace barber shop. It's true.
Posted on 7/24/16 at 5:23 pm to tigerpawl
Posted on 7/24/16 at 6:33 pm to Tshiz
quote:
Except the whole "oil is worth money" thing
Depends on how expensive it is to get it though. Oil looks like it's on track to fall below $40/barrel again.
This post was edited on 7/24/16 at 6:34 pm
Posted on 7/24/16 at 6:41 pm to Tshiz
whatever happened to that linc energy or whatever it was that supposedly found one of or the largest oil field ever in australia? Not being sarcastic did anything come of it?
Posted on 7/24/16 at 6:59 pm to white perch
It all depends on finding costs.
Posted on 7/24/16 at 8:32 pm to DonChowder
quote:Plus they have to drill wells and set structures to produce it. And, what are the costs to export it to a refinery, and how much of a take does the host country get?
It all depends on finding costs
All things considered, they probably have to find a shite ton of oil just to break even. But I imagine they factored all of that in before they even went looking for oil.
Posted on 7/24/16 at 9:28 pm to Bayou Tiger
Yeah, considering its "found" already, extraction costs would be the driving factor going forward.
Posted on 7/24/16 at 9:42 pm to white perch
This sounds legit
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