INT World Fuel Services Corporation

Independent oil and gas exploration and production company, Kosmos Energy Ltd. (KOS) announced the selection of Andrew Inglis as chairman of the board and chief executive officer.

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 BP plc (BP).

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. (INT) and Seadrill Partners LLC (SDLP). All these stocks currently sport a Zacks Rank #1 (Strong Buy) and offer value.

 

 
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WORLD FUEL SVCS (INT): Free Stock Analysis Report
 
KOSMOS ENERGY (KOS): Free Stock Analysis Report
 
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