Independent oil and gas exploration and production company,
Kosmos Energy Ltd.
) announced the selection of Andrew Inglis as chairman of the
board and chief executive officer.
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Inglis will take the helm from Brian Maxted with effect from Mar
1, 2014. Maxted, a founding partner of Kosmos, will assume the
role of chief exploration officer and continue to serve on the
board. Inglis has been serving in Petrofac since Jan 2011.
Petrofac is an international provider of integrated facilities
services to the oil, gas and energy production and processing
industries. Prior to that, he served a long stint of 30 years in
Kosmos Energy Ltd. operates as an oil and gas exploration and
production company focused on under-explored regions in Africa.
The company is based in Hamilton, Bermuda. The company's asset
portfolio includes the existing production and other major
project developments offshore Ghana, as well as exploration
licenses with significant hydrocarbon potential offshore Ireland,
Mauritania, Morocco, Suriname and onshore Cameroon.
The Kosmos stock trades in a 52-week range of $9.71 to $12.87.
The stock has been hovering around the mid point for the greater
part of last month with intraday high touching $11.51 on Jan 13,
before settling at $10.81. Moreover, with volatile industry
fundamentals and limited geographic diversification, we do not
see any significant price upside for the Western Refining stock
in the near-to-medium term.
Kosmos Energy currently holds a Zacks Rank #3 (Hold), implying
that it is expected to perform in line with the broader U.S.
equity market over the next one to three months.
Better-ranked energy players include
World Fuel Services Corp.
Seadrill Partners LLC
). All these stocks currently sport a Zacks Rank #1 (Strong Buy)
and offer value.