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Re: ziggy7796 post# 106

Monday, 03/22/2021 7:27:55 PM

Monday, March 22, 2021 7:27:55 PM

Post# of 219
So glad I didn't buy this stock. Been an underperformer from 2018, when they made the GoM acquisition and loaded the company with tons of debt. Almost forced into bankruptcy last year.

IMO Kosmos has one of the weakest mgmt. teams in oil&gas like XOG, Oasis and others. They take on more than they can successfully execute and they've never had a strategic focus. Hence the stock has been in the dumps for years and years with no sign of recovery. Its really bad when you issue lot more shares than your company is worth, and then you cancel the dividend -- why should anyone invest in it??

Luckily my SM, CDEV, RIG, HLX are holding up well and will outshine the sector in 2021-22 and later. Won't recommend KOS to anyone as I don't think it'll ever lose 'penny stock' status.
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