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TuMaRu

06/06/21 3:20 PM

#127 RE: The Value Investor #125

Regardless of how the stock has done (rather poorly compared to other oil stocks in 2021, essentially flat for last 6+ months), its incredible how this particular CEO has used KOS as his own personal piggy bank.

Many may not know the KOS dude extracted $10 M severance pay from BP after Deepwater Horizon disaster. He was VP of exploration at BP then. As if that wasn't enough, he got a $1 M signon bonus at Petrofrac , he joined there in less than 4 months of leaving BP. Is that a sweet deal or what. And the cherry on top of it all?? He's been making at least $3-4 M per year in salary and bonuses at KOS the last 7 years. Compare that to his peers at Callon, Laredo, CDEV, SM and others. All of them pay their CEOs less than Kosmos, with the only exception being Matador. But then Matador's been a stellar performer last few years. As also SM Energy and Talos. They deserve every $ of their pay packets.

This guy's just been a ripoff and total disaster for KOS shareholders.... enuff said. Sad how corporate America preys on hapless retail which are actually their customers.

The guy's also on record in 2011-12 for saying he never likes to work on weekends, doesn't answer emails or his phone!! Talk about an ex-BP Chief-whatever being a workaholic eh? No chance