Shares Of This Energy Company Find Much-Needed Success

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Tuesday, December 17, 2024

An energy company based out of Dallas, Texas caused quite the stir amongst traders on Tuesday after the company announced that it does not intend to make an offer for Tullow Oil. Usually acquisitions are exciting times, however sometimes they can bog down a company’s balance sheet, so we’re sure that the management team was being strategic in this decision.

Traders were quick to buy up shares of Kosmos Energy Ltd. (NYSE:KOS), pushing the stock to close the session up at $3.23/share (+19.19%). While this stock is still stuck in a multi-month downtrend, this move could be the first catalyst to get this company back on track.

Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.

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