Sunday, March 17, 2019 5:38:59 PM
Interesting thoughts here.
I would agree with you that Kosmos financial plan does include the sale of some of this field. This is their business strategy so it’s been fully thought out. I agree that they won’t be swapping this or a portion of this for block four EEZ.
I don’t agree with your assessment of a near term financial issue with Kosmos. The sale of this asset will help them reduce debt or be used for additional purchases of acreage. The sale of new debt is to replace their 2021 debt with 2026 debt. Finally the rising tide of oil prices, IMO, at least over the next 3-6 months will increase their operational cash flow. I see their share price rising to last year’s highs of $9 if not more.
Finally , I agree with you that they could be a player for remainder of ERHE’s assets or company since that is their business strategy.
BWTFDIK!
Opus X
I would agree with you that Kosmos financial plan does include the sale of some of this field. This is their business strategy so it’s been fully thought out. I agree that they won’t be swapping this or a portion of this for block four EEZ.
I don’t agree with your assessment of a near term financial issue with Kosmos. The sale of this asset will help them reduce debt or be used for additional purchases of acreage. The sale of new debt is to replace their 2021 debt with 2026 debt. Finally the rising tide of oil prices, IMO, at least over the next 3-6 months will increase their operational cash flow. I see their share price rising to last year’s highs of $9 if not more.
Finally , I agree with you that they could be a player for remainder of ERHE’s assets or company since that is their business strategy.
BWTFDIK!
Opus X
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