Kosmos Energy Ltd. (KOS)

[jaxstraw]

Why @DanielSLoeb1 is one of the world's best investors and his client letters are a must-read (1/3): "US oil and gas companies are particularly interesting; as a result of ill-conceived energy policies enacted by governments in most developed countries (including the US), both
(2/3) commodities will be in short supply relative to demand. The negative effects of these bungled policies were compounded by well-intentioned but disastrous ESG initiatives that together resulted in a dearth of new investments in the sector. These companies will largely
(3/3) These companies will largely return their cashflow to shareholders via debt pay downs, share repurchases, and cash dividends. In most cases, the companies we have invested in will return in excess of 20% of their market capitalizations annually for several years..."