1 hr. ago
Transocean Ltd. (NYSE:RIG) received a boost on September 15 when the company announced that it had secured an approximately $80 million contract for its Deepwater Conqueror ultra-deepwater drillship in Equatorial Guinea. The estimated 170-day campaign with an undisclosed operator is expected to begin next year, directly following the rig's current contract in the US Gulf.
Built in 2016, the DSME 12000-design Deepwater Conqueror can operate in water depths of up to 12,000 feet and drill to a maximum depth of 40,000 feet.
The $80 million award provides Transocean with additional contract revenue and improves visibility into the company's future revenue base. If the award includes attractive day rates and limited mobilization costs, it could contribute positively to operating margins and cash flows. The company's backlog stood at approximately $6.7 billion as of August 5, 2026.
The contract could also improve the utilization of its high-value drilling rig. Since ultra-deepwater rigs require substantial investment, securing work for an idle or underutilized rig could help spread fixed operating costs over a larger revenue base. Deepwater Conqueror will move directly from its US Gulf contract to Equatorial Guinea, avoiding a gap between the two programs.
The latest award also provides Transocean with an alternative destination for its rigs. The company had already signaled in its Q2 earnings call that the growing demand for new deepwater contracts in Africa would also help offset a decline in awards in the US Gulf.
#deepwater #contract #gulf #equatorial
Built in 2016, the DSME 12000-design Deepwater Conqueror can operate in water depths of up to 12,000 feet and drill to a maximum depth of 40,000 feet.
The $80 million award provides Transocean with additional contract revenue and improves visibility into the company's future revenue base. If the award includes attractive day rates and limited mobilization costs, it could contribute positively to operating margins and cash flows. The company's backlog stood at approximately $6.7 billion as of August 5, 2026.
The contract could also improve the utilization of its high-value drilling rig. Since ultra-deepwater rigs require substantial investment, securing work for an idle or underutilized rig could help spread fixed operating costs over a larger revenue base. Deepwater Conqueror will move directly from its US Gulf contract to Equatorial Guinea, avoiding a gap between the two programs.
The latest award also provides Transocean with an alternative destination for its rigs. The company had already signaled in its Q2 earnings call that the growing demand for new deepwater contracts in Africa would also help offset a decline in awards in the US Gulf.
#deepwater #contract #gulf #equatorial
2 hours ago
Shell plc (NYSE:SHEL) is a global group of energy and petrochemical companies with a presence in over 70 countries. The stock has delivered gains of over 23% since the beginning of 2026 and even hit its all-time high earlier in March, driven primarily by soaring oil prices and solid earnings amid supply disruptions in the Middle East.
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
3 days ago
Tesla, Inc. (NASDAQ:TSLA) spent nearly two years raising anticipation for the Cybercab. When the time arrived on September 3 in Austin, the result was a stock that popped, then rapidly returned all of its gains, and a robotaxi race that still seems to be Alphabet's to lose.
Tesla, Inc. (NASDAQ:TSLA) had its long-awaited Cybercab launch event in Austin, Texas, but it was invitation-only, not livestreamed, and CEO Elon Musk wasn't there. The company's main public update was a 51-second video released on X of the two-seat, steering-wheel-free vehicle roaming city streets and people hailing it by app. Shares rose roughly 5% throughout the session, finishing near $376. By September 4, enthusiasm had waned, with the stock plummeting as much as 6% as investors realized how little the event revealed about deployment timelines, production ramp, or regulatory clearance.
Only 45 Cybercabs were registered in Texas, and Tesla, Inc. (NASDAQ:TSLA) did not seek an NHTSA exemption before deployment, instead self-certifying the Cybercab as compliant with applicable federal safety standards. NHTSA subsequently opened an audit into that certification and has ordered Tesla to provide additional information about the basis for its compliance claims. CNBC summarized the reaction bluntly: the update "underwhelmed" Wall Street, which had been relying on Tesla, Inc. (NASDAQ:TSLA) becoming a strong rival in the robotaxi sector, which Alphabet's Waymo currently leads.
That comparison is at the heart of the story. Waymo has established the operational track record that Tesla, Inc. (NASDAQ:TSLA) is still chasing: more than 4,000 autonomous vehicles across its U.S. fleet and more than 500,000 fully autonomous rides per week.
Wall Street's take on the incident was severely divided along those lines. Despite Tesla's efforts to control the narrative, some ******* ysts, including Gary Black of Future Fund, called the Cybercab debut largely a bust. Others, such as Deepwater ******* et Management's Gene Munster, predicted that Tesla, Inc. (NASDAQ:TSLA) will add approximately 300 Cybercabs in Austin over the next month.
#tesla #NASDAQ #cybercab
Tesla, Inc. (NASDAQ:TSLA) had its long-awaited Cybercab launch event in Austin, Texas, but it was invitation-only, not livestreamed, and CEO Elon Musk wasn't there. The company's main public update was a 51-second video released on X of the two-seat, steering-wheel-free vehicle roaming city streets and people hailing it by app. Shares rose roughly 5% throughout the session, finishing near $376. By September 4, enthusiasm had waned, with the stock plummeting as much as 6% as investors realized how little the event revealed about deployment timelines, production ramp, or regulatory clearance.
Only 45 Cybercabs were registered in Texas, and Tesla, Inc. (NASDAQ:TSLA) did not seek an NHTSA exemption before deployment, instead self-certifying the Cybercab as compliant with applicable federal safety standards. NHTSA subsequently opened an audit into that certification and has ordered Tesla to provide additional information about the basis for its compliance claims. CNBC summarized the reaction bluntly: the update "underwhelmed" Wall Street, which had been relying on Tesla, Inc. (NASDAQ:TSLA) becoming a strong rival in the robotaxi sector, which Alphabet's Waymo currently leads.
That comparison is at the heart of the story. Waymo has established the operational track record that Tesla, Inc. (NASDAQ:TSLA) is still chasing: more than 4,000 autonomous vehicles across its U.S. fleet and more than 500,000 fully autonomous rides per week.
Wall Street's take on the incident was severely divided along those lines. Despite Tesla's efforts to control the narrative, some ******* ysts, including Gary Black of Future Fund, called the Cybercab debut largely a bust. Others, such as Deepwater ******* et Management's Gene Munster, predicted that Tesla, Inc. (NASDAQ:TSLA) will add approximately 300 Cybercabs in Austin over the next month.
#tesla #NASDAQ #cybercab
1 month ago
Alphabet (GOOG, GOOGL) shares made headlines recently after the company's AI division saw a series of high-profile departures.
Gene Munster, managing partner at Deepwater ****** et Management, recently said on CNBC that the brain drain at Google should not be ignored, arguing that the departures of key AI researchers could have implications beyond the headlines. Munster said Google has seen about six major departures over the past three months and that the loss of talent could affect the company's culture of innovation and its ability to develop future AI models. He also pointed to signs that Gemini has started to slip in AI model rankings relative to competitors. He thinks these developments are not a positive trend.
At the same time, Munster highlighted significant improvements from Grok, saying he expects the AI model to potentially break into the top three models as new versions are released. Grok was developed by xAI and is integrated into X, while xAI is now part of ****** eX following ****** eX's acquisition of the AI company.
The market is figuring out ****** eX isn't just a ****** e company. The ****** e business contributed just 12% of Q2 revenue and ****** ysts think the contribution of ****** e may keep shrinking as other streams kick in. Connectivity (Starlink) brought in $4.29 billion, up 66% year over year, with 12 million subscribers, double last year's count. AI brought in $2.56 billion, up 247% year over year, boosted by a big Anthropic deal.
Musk guided to a $100 billion annualized revenue run rate by December, up from a Q2 run rate near $31 billion. If ****** eX hits it, the stock trades at 14x that figure and looks reasonable. Bulls also point to Musk's math on AI: if ****** eX can push AI compute capacity from 1.4 GW today to 15 GW by end of 2027 at $50 million per megawatt, that's $750 billion in annual AI revenue potential.
#grok
Gene Munster, managing partner at Deepwater ****** et Management, recently said on CNBC that the brain drain at Google should not be ignored, arguing that the departures of key AI researchers could have implications beyond the headlines. Munster said Google has seen about six major departures over the past three months and that the loss of talent could affect the company's culture of innovation and its ability to develop future AI models. He also pointed to signs that Gemini has started to slip in AI model rankings relative to competitors. He thinks these developments are not a positive trend.
At the same time, Munster highlighted significant improvements from Grok, saying he expects the AI model to potentially break into the top three models as new versions are released. Grok was developed by xAI and is integrated into X, while xAI is now part of ****** eX following ****** eX's acquisition of the AI company.
The market is figuring out ****** eX isn't just a ****** e company. The ****** e business contributed just 12% of Q2 revenue and ****** ysts think the contribution of ****** e may keep shrinking as other streams kick in. Connectivity (Starlink) brought in $4.29 billion, up 66% year over year, with 12 million subscribers, double last year's count. AI brought in $2.56 billion, up 247% year over year, boosted by a big Anthropic deal.
Musk guided to a $100 billion annualized revenue run rate by December, up from a Q2 run rate near $31 billion. If ****** eX hits it, the stock trades at 14x that figure and looks reasonable. Bulls also point to Musk's math on AI: if ****** eX can push AI compute capacity from 1.4 GW today to 15 GW by end of 2027 at $50 million per megawatt, that's $750 billion in annual AI revenue potential.
#grok
1 month ago
Apple (NASDAQ:AAPL) shares are in the red today amid reports that rising memory costs could result in higher prices for the iPhone 18, while a Jefferies report indicated disappointing prospects for an all-glass iPhone. However, Gene Munster, managing partner at Deepwater ***** et Management, said in a recent program on CNBC that he still feels good about Apple and remains bullish on the stock.
Munster believes a potential increase in iPhone prices could actually help boost Apple's revenue growth, with limited impact on demand. At the core of his argument is his expectation of a strong upgrade cycle for Apple's iPhone business, which he believes could drive higher sales over the next several quarters. He also sees a broader consumer hardware upgrade cycle driven by personalized AI beginning around 2027, which he believes could create another major growth opportunity for Apple.
"There's going to be a massive upgrade cycle around consumer hardware," Munster said. "That's probably going to start 27 mid to late 27 and probably go for a few years. And that's based on personalized AI. That's going to do inference on device that's going to benefit Apple, that's going to benefit other hardware makers. And so when you put this together, I think shares are undervalued. And I think we're going to see a strong next 12 months."
Not all is good for Apple. The stock trades at around 35x forward earnings while growth is decelerating. Revenue growth is expected to fall back to single digits in FY27 once the current upgrade cycle matures. Q4 guidance already shows the slowdown starting, with revenue growth of 9% to 11% versus 16% in Q3. That makes Apple the slowest grower in the Magnificent Seven outside Tesla, yet it trades at the highest multiple. Meta grows over 20% at roughly 19x forward earnings. Alphabet trades at 18x. Amazon at 23x. Microsoft at 25x. Apple is at 35x.
Apple is losing the AI race and outsourcing its way through it. The new Siri runs on Google's Gemini model. Apple reportedly pays around $1 billion a year for it. Microsoft, Alphabet, and Amazon have ways to monetize their cloud platforms. Apple is renting intelligence from a direct competitor and has no clear way to make money off it.
#going #upgrade #around #believes
Munster believes a potential increase in iPhone prices could actually help boost Apple's revenue growth, with limited impact on demand. At the core of his argument is his expectation of a strong upgrade cycle for Apple's iPhone business, which he believes could drive higher sales over the next several quarters. He also sees a broader consumer hardware upgrade cycle driven by personalized AI beginning around 2027, which he believes could create another major growth opportunity for Apple.
"There's going to be a massive upgrade cycle around consumer hardware," Munster said. "That's probably going to start 27 mid to late 27 and probably go for a few years. And that's based on personalized AI. That's going to do inference on device that's going to benefit Apple, that's going to benefit other hardware makers. And so when you put this together, I think shares are undervalued. And I think we're going to see a strong next 12 months."
Not all is good for Apple. The stock trades at around 35x forward earnings while growth is decelerating. Revenue growth is expected to fall back to single digits in FY27 once the current upgrade cycle matures. Q4 guidance already shows the slowdown starting, with revenue growth of 9% to 11% versus 16% in Q3. That makes Apple the slowest grower in the Magnificent Seven outside Tesla, yet it trades at the highest multiple. Meta grows over 20% at roughly 19x forward earnings. Alphabet trades at 18x. Amazon at 23x. Microsoft at 25x. Apple is at 35x.
Apple is losing the AI race and outsourcing its way through it. The new Siri runs on Google's Gemini model. Apple reportedly pays around $1 billion a year for it. Microsoft, Alphabet, and Amazon have ways to monetize their cloud platforms. Apple is renting intelligence from a direct competitor and has no clear way to make money off it.
#going #upgrade #around #believes
1 month ago
Kurt Russell went on a trip down memory lane at the beginning of the week, delighting fans with a decade-old photo from the archives.
The Hollywood star rarely posts on social media, but via his GoGi Wines account, he shared a picture of himself with super short hair — taken while he was filming Deepwater Horizon — to look back at the brand's very first vintage wine.
In the picture, Kurt stood next to a collection of wine bottles looking deep in thought, while sporting a short hairdo spiked up with gel, and a moustache.
Kurt Russell with super short hair back in 2016 (Instagram)
The hairstyle was for the role of Jimmy Harrell in Mark Wahlberg's 2016 biographical disaster film. The look contrasted sharply with Kurt's usual rugged long hair, which he has sported for years.
#short
The Hollywood star rarely posts on social media, but via his GoGi Wines account, he shared a picture of himself with super short hair — taken while he was filming Deepwater Horizon — to look back at the brand's very first vintage wine.
In the picture, Kurt stood next to a collection of wine bottles looking deep in thought, while sporting a short hairdo spiked up with gel, and a moustache.
Kurt Russell with super short hair back in 2016 (Instagram)
The hairstyle was for the role of Jimmy Harrell in Mark Wahlberg's 2016 biographical disaster film. The look contrasted sharply with Kurt's usual rugged long hair, which he has sported for years.
#short
2 months ago
Hotchkis & Wiley, an investment management company, released its second-quarter 2026 investor letter for the "Hotchkis & Wiley Mid-Cap Value Fund." A copy of the letter can be downloaded here. Equity markets posted strong returns in the second quarter of 2026, with the Russell Midcap Index rising 13.8% and the Russell Midcap Value Index returning 13.4%, despite concerns about inflation, a hawkish Federal Reserve, and rising oil prices due to the Iran conflict. Narrow market leadership was evident, particularly semiconductor stocks and other stocks in the AI sector, which saw returns exceeding 100%. The Firm favors quality businesses with attractive valuations, believing that fears regarding AI's impact are overstated. The Hotchkis & Wiley Mid-Cap Value Fund lagged the Russell Midcap Value Index, achieving a 4.74% return in the second quarter, primarily due to underperformance in technology and energy sectors, while stock selection in healthcare contributed positively. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Hotchkis & Wiley Mid-Cap Value Fund highlighted Kosmos Energy Ltd. (NYSE:KOS). Kosmos Energy Ltd. (NYSE:KOS), a deepwater oil and gas exploration and production company, detracted from the Fund's performance during the quarter due to crude oil price weakness. On August 3, 2026, Kosmos Energy Ltd. (NYSE:KOS) closed at $2.53 per share. One-month return of Kosmos Energy Ltd. (NYSE:KOS) was 14.48%, and its shares gained 37.50% over the past 52 weeks. Kosmos Energy Ltd. (NYSE:KOS) has a market capitalization of $1.50 billion.
Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Kosmos Energy Ltd. (NYSE:KOS) in its Q2 2026 investor letter:
"Kosmos Energy Ltd. (NYSE:KOS) is an independent offshore E&P company with producing ******* ets in the US Gulf of Mexico and Ghana. We own it because its offshore operating expertise, quality ******* ets, attractive reinvestment economics, and compelling valuation create a favorable risk/reward profile. The stock declined during Q2 due to broader crude oil price weakness following the reopening of the Strait of Hormuz. We believe oil undersupply could continue for months and that prices could remain above normal levels, even if the reopening progresses smoothly. Given the company's strong ******* ets, high returns on investment, attractive valuation, and reduced liquidity concerns, our investment thesis remains intact."
Kosmos Energy Ltd. (NYSE:KOS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 43 hedge fund portfolios held Kosmos Energy Ltd. (NYSE:KOS) at the end of the first quarter, up from 21 in the previous quarter. While we acknowledge the potential of Kosmos Energy Ltd. (NYSE:KOS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that al
In its Q2 2026 investor letter, Hotchkis & Wiley Mid-Cap Value Fund highlighted Kosmos Energy Ltd. (NYSE:KOS). Kosmos Energy Ltd. (NYSE:KOS), a deepwater oil and gas exploration and production company, detracted from the Fund's performance during the quarter due to crude oil price weakness. On August 3, 2026, Kosmos Energy Ltd. (NYSE:KOS) closed at $2.53 per share. One-month return of Kosmos Energy Ltd. (NYSE:KOS) was 14.48%, and its shares gained 37.50% over the past 52 weeks. Kosmos Energy Ltd. (NYSE:KOS) has a market capitalization of $1.50 billion.
Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Kosmos Energy Ltd. (NYSE:KOS) in its Q2 2026 investor letter:
"Kosmos Energy Ltd. (NYSE:KOS) is an independent offshore E&P company with producing ******* ets in the US Gulf of Mexico and Ghana. We own it because its offshore operating expertise, quality ******* ets, attractive reinvestment economics, and compelling valuation create a favorable risk/reward profile. The stock declined during Q2 due to broader crude oil price weakness following the reopening of the Strait of Hormuz. We believe oil undersupply could continue for months and that prices could remain above normal levels, even if the reopening progresses smoothly. Given the company's strong ******* ets, high returns on investment, attractive valuation, and reduced liquidity concerns, our investment thesis remains intact."
Kosmos Energy Ltd. (NYSE:KOS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 43 hedge fund portfolios held Kosmos Energy Ltd. (NYSE:KOS) at the end of the first quarter, up from 21 in the previous quarter. While we acknowledge the potential of Kosmos Energy Ltd. (NYSE:KOS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that al
2 months ago
Hotchkis & Wiley, an investment management company, released its second-quarter 2026 investor letter for the "Hotchkis & Wiley Mid-Cap Value Fund." A copy of the letter can be downloaded here. Equity markets posted strong returns in the second quarter of 2026, with the Russell Midcap Index rising 13.8% and the Russell Midcap Value Index returning 13.4%, despite concerns about inflation, a hawkish Federal Reserve, and rising oil prices due to the Iran conflict. Narrow market leadership was evident, particularly semiconductor stocks and other stocks in the AI sector, which saw returns exceeding 100%. The Firm favors quality businesses with attractive valuations, believing that fears regarding AI's impact are overstated. The Hotchkis & Wiley Mid-Cap Value Fund lagged the Russell Midcap Value Index, achieving a 4.74% return in the second quarter, primarily due to underperformance in technology and energy sectors, while stock selection in healthcare contributed positively. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Hotchkis & Wiley Mid-Cap Value Fund highlighted Kosmos Energy Ltd. (NYSE:KOS). Kosmos Energy Ltd. (NYSE:KOS), a deepwater oil and gas exploration and production company, detracted from the Fund's performance during the quarter due to crude oil price weakness. On August 3, 2026, Kosmos Energy Ltd. (NYSE:KOS) closed at $2.53 per share. One-month return of Kosmos Energy Ltd. (NYSE:KOS) was 14.48%, and its shares gained 37.50% over the past 52 weeks. Kosmos Energy Ltd. (NYSE:KOS) has a market capitalization of $1.50 billion.
Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Kosmos Energy Ltd. (NYSE:KOS) in its Q2 2026 investor letter:
"Kosmos Energy Ltd. (NYSE:KOS) is an independent offshore E&P company with producing ******* ets in the US Gulf of Mexico and Ghana. We own it because its offshore operating expertise, quality ******* ets, attractive reinvestment economics, and compelling valuation create a favorable risk/reward profile. The stock declined during Q2 due to broader crude oil price weakness following the reopening of the Strait of Hormuz. We believe oil undersupply could continue for months and that prices could remain above normal levels, even if the reopening progresses smoothly. Given the company's strong ******* ets, high returns on investment, attractive valuation, and reduced liquidity concerns, our investment thesis remains intact."
Kosmos Energy Ltd. (NYSE:KOS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 43 hedge fund portfolios held Kosmos Energy Ltd. (NYSE:KOS) at the end of the first quarter, up from 21 in the previous quarter. While we acknowledge the potential of Kosmos Energy Ltd. (NYSE:KOS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that al
In its Q2 2026 investor letter, Hotchkis & Wiley Mid-Cap Value Fund highlighted Kosmos Energy Ltd. (NYSE:KOS). Kosmos Energy Ltd. (NYSE:KOS), a deepwater oil and gas exploration and production company, detracted from the Fund's performance during the quarter due to crude oil price weakness. On August 3, 2026, Kosmos Energy Ltd. (NYSE:KOS) closed at $2.53 per share. One-month return of Kosmos Energy Ltd. (NYSE:KOS) was 14.48%, and its shares gained 37.50% over the past 52 weeks. Kosmos Energy Ltd. (NYSE:KOS) has a market capitalization of $1.50 billion.
Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Kosmos Energy Ltd. (NYSE:KOS) in its Q2 2026 investor letter:
"Kosmos Energy Ltd. (NYSE:KOS) is an independent offshore E&P company with producing ******* ets in the US Gulf of Mexico and Ghana. We own it because its offshore operating expertise, quality ******* ets, attractive reinvestment economics, and compelling valuation create a favorable risk/reward profile. The stock declined during Q2 due to broader crude oil price weakness following the reopening of the Strait of Hormuz. We believe oil undersupply could continue for months and that prices could remain above normal levels, even if the reopening progresses smoothly. Given the company's strong ******* ets, high returns on investment, attractive valuation, and reduced liquidity concerns, our investment thesis remains intact."
Kosmos Energy Ltd. (NYSE:KOS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 43 hedge fund portfolios held Kosmos Energy Ltd. (NYSE:KOS) at the end of the first quarter, up from 21 in the previous quarter. While we acknowledge the potential of Kosmos Energy Ltd. (NYSE:KOS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that al
2 months ago
Namibia is rapidly emerging as Africa's next major oil producer while neighboring South Africa, which controls roughly two-thirds of the same Orange Basin petroleum province, remains years behind in developing essentially the same petroleum system. The Orange Basin, an offshore deepwater petroleum province spanning the Atlantic maritime border between the two countries, is estimated to contain more than 20 billion barrels of oil equivalent. Yet while Namibia has attracted a succession of world-class discoveries and moved rapidly toward commercial development, South Africa has struggled to translate the same geological opportunity into producing **** ets.
TotalEnergies' (NYSE:TTE) deepwater Venus Project in offshore Namibia now targets an initial production capacity of roughly 150,000 barrels of oil per day, with first oil aimed for 2030. Venus-1X is estimated to contain 1.5 billion barrels of light crude and 4.8 trillion cubic feet of gas. TotalEnergies has also taken over operations of the massive Mopane discovery from Portugal's Galp Energia (OTCPK:GLPEF).
Last month, Shell Plc (NYSE:SHEL) and its JV partners reported a major oil discovery at the Merlin-1X exploration well within Petroleum Exploration Licence 39 (PEL 39). Located in Namibia's Orange Basin roughly 290 kilometers off the coast, the resource has recoverable reserves estimated at 750 million barrels for Phase 1. The success of Merlin-1X marks a critical turnaround for the consortium.
In early 2025, Shell booked a $400 million impairment on its Namibian offshore portfolio following engineering hurdles at older discovery wells with complex geology and high gas-to-oil ratios, including Graff-1X and Jonker-1X. Those challenges had initially slowed commercialization plans, but the Merlin-1X discovery has significantly improved the outlook for the company's Namibian acreage.
Related: Harold Hamm Bets Bigger on Argentina's Vaca Muerta Shale Boom
#petroleum #orange #roughly #offshore
TotalEnergies' (NYSE:TTE) deepwater Venus Project in offshore Namibia now targets an initial production capacity of roughly 150,000 barrels of oil per day, with first oil aimed for 2030. Venus-1X is estimated to contain 1.5 billion barrels of light crude and 4.8 trillion cubic feet of gas. TotalEnergies has also taken over operations of the massive Mopane discovery from Portugal's Galp Energia (OTCPK:GLPEF).
Last month, Shell Plc (NYSE:SHEL) and its JV partners reported a major oil discovery at the Merlin-1X exploration well within Petroleum Exploration Licence 39 (PEL 39). Located in Namibia's Orange Basin roughly 290 kilometers off the coast, the resource has recoverable reserves estimated at 750 million barrels for Phase 1. The success of Merlin-1X marks a critical turnaround for the consortium.
In early 2025, Shell booked a $400 million impairment on its Namibian offshore portfolio following engineering hurdles at older discovery wells with complex geology and high gas-to-oil ratios, including Graff-1X and Jonker-1X. Those challenges had initially slowed commercialization plans, but the Merlin-1X discovery has significantly improved the outlook for the company's Namibian acreage.
Related: Harold Hamm Bets Bigger on Argentina's Vaca Muerta Shale Boom
#petroleum #orange #roughly #offshore
2 months ago
Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry, particularly Suriname's emerging petroleum boom, which was delayed by conflicting drilling results and seismic data. The former Dutch colony is on the cusp of becoming South America's next major oil-producing nation.
Since 2019, Suriname's government in the capital Paramaribo has hungrily eyed Guyana's booming petroleum sector, which delivered a massive economic windfall for the former British colony. Five major oil discoveries in offshore Block 58, which started in 2020 with the Maka Central-1 exploration well, confirmed the presence of commercially exploitable hydrocarbons in Suriname's portion of the offshore Guyana-Suriname Basin.
After a series of delays, beginning in 2022, due to mismatched drilling results and seismic data along with a high gas-to-oil ratio, TotalEnergies, the operator of Block 58, approved a final investment decision (FID). TotalEnergies, which holds a 50% working interest in offshore Block 58, and 50% partner APA Corporation approved the development of the deepwater GranMorgu project. This changed the project's ownership structure. Forty percent was retained by the operator TotalEnergies with another 40% retained by APA, and the remainder granted to Staatsolie.
The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. The company used a $1.6 billion loan from a banking consortium and a March 2025 bond issue to finance the acquisition. Staatsolie's share of GranMorgu will multiply the earnings delivered to Paramaribo, which has been battling an economic crisis since 2021. Indeed, the situation was so severe that rioting engulfed parts of the capital and parliament was stormed by protestors in 2023.
GranMorgu, which will come online in 2028, is a game changer for an economically challenged Suriname. The project's floating production, storage and offloading unit (FPSO) vessel, on completion, will have capacity of 220,000 barrels per day.
#south #World
Since 2019, Suriname's government in the capital Paramaribo has hungrily eyed Guyana's booming petroleum sector, which delivered a massive economic windfall for the former British colony. Five major oil discoveries in offshore Block 58, which started in 2020 with the Maka Central-1 exploration well, confirmed the presence of commercially exploitable hydrocarbons in Suriname's portion of the offshore Guyana-Suriname Basin.
After a series of delays, beginning in 2022, due to mismatched drilling results and seismic data along with a high gas-to-oil ratio, TotalEnergies, the operator of Block 58, approved a final investment decision (FID). TotalEnergies, which holds a 50% working interest in offshore Block 58, and 50% partner APA Corporation approved the development of the deepwater GranMorgu project. This changed the project's ownership structure. Forty percent was retained by the operator TotalEnergies with another 40% retained by APA, and the remainder granted to Staatsolie.
The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. The company used a $1.6 billion loan from a banking consortium and a March 2025 bond issue to finance the acquisition. Staatsolie's share of GranMorgu will multiply the earnings delivered to Paramaribo, which has been battling an economic crisis since 2021. Indeed, the situation was so severe that rioting engulfed parts of the capital and parliament was stormed by protestors in 2023.
GranMorgu, which will come online in 2028, is a game changer for an economically challenged Suriname. The project's floating production, storage and offloading unit (FPSO) vessel, on completion, will have capacity of 220,000 barrels per day.
#south #World
2 months ago
Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry, particularly Suriname's emerging petroleum boom, which was delayed by conflicting drilling results and seismic data. The former Dutch colony is on the cusp of becoming South America's next major oil-producing nation.
Since 2019, Suriname's government in the capital Paramaribo has hungrily eyed Guyana's booming petroleum sector, which delivered a massive economic windfall for the former British colony. Five major oil discoveries in offshore Block 58, which started in 2020 with the Maka Central-1 exploration well, confirmed the presence of commercially exploitable hydrocarbons in Suriname's portion of the offshore Guyana-Suriname Basin.
After a series of delays, beginning in 2022, due to mismatched drilling results and seismic data along with a high gas-to-oil ratio, TotalEnergies, the operator of Block 58, approved a final investment decision (FID). TotalEnergies, which holds a 50% working interest in offshore Block 58, and 50% partner APA Corporation approved the development of the deepwater GranMorgu project. This changed the project's ownership structure. Forty percent was retained by the operator TotalEnergies with another 40% retained by APA, and the remainder granted to Staatsolie.
The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. The company used a $1.6 billion loan from a banking consortium and a March 2025 bond issue to finance the acquisition. Staatsolie's share of GranMorgu will multiply the earnings delivered to Paramaribo, which has been battling an economic crisis since 2021. Indeed, the situation was so severe that rioting engulfed parts of the capital and parliament was stormed by protestors in 2023.
GranMorgu, which will come online in 2028, is a game changer for an economically challenged Suriname. The project's floating production, storage and offloading unit (FPSO) vessel, on completion, will have capacity of 220,000 barrels per day.
#suriname #since #World #energy
Since 2019, Suriname's government in the capital Paramaribo has hungrily eyed Guyana's booming petroleum sector, which delivered a massive economic windfall for the former British colony. Five major oil discoveries in offshore Block 58, which started in 2020 with the Maka Central-1 exploration well, confirmed the presence of commercially exploitable hydrocarbons in Suriname's portion of the offshore Guyana-Suriname Basin.
After a series of delays, beginning in 2022, due to mismatched drilling results and seismic data along with a high gas-to-oil ratio, TotalEnergies, the operator of Block 58, approved a final investment decision (FID). TotalEnergies, which holds a 50% working interest in offshore Block 58, and 50% partner APA Corporation approved the development of the deepwater GranMorgu project. This changed the project's ownership structure. Forty percent was retained by the operator TotalEnergies with another 40% retained by APA, and the remainder granted to Staatsolie.
The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. The company used a $1.6 billion loan from a banking consortium and a March 2025 bond issue to finance the acquisition. Staatsolie's share of GranMorgu will multiply the earnings delivered to Paramaribo, which has been battling an economic crisis since 2021. Indeed, the situation was so severe that rioting engulfed parts of the capital and parliament was stormed by protestors in 2023.
GranMorgu, which will come online in 2028, is a game changer for an economically challenged Suriname. The project's floating production, storage and offloading unit (FPSO) vessel, on completion, will have capacity of 220,000 barrels per day.
#suriname #since #World #energy
2 months ago
Halliburton has been awarded contracts to provide integrated drilling and completions services for the GranMorgu deepwater oil development located around 150km off Suriname's coast.
The deal covers a long-term programme and will see Halliburton implement a digital and automation execution model designed to connect planning, engineering and operations.
For the GranMorgu project, Halliburton plans to use integrated digital workflows, real-time data and remote operations control.
These methods aim to improve well placement accuracy and delivery ***** urance, helping to connect surface activities with subsurface objectives.
According to the company, this approach is expected to help enhance recovery and reduce overall ownership costs for TotalEnergies.
The deal covers a long-term programme and will see Halliburton implement a digital and automation execution model designed to connect planning, engineering and operations.
For the GranMorgu project, Halliburton plans to use integrated digital workflows, real-time data and remote operations control.
These methods aim to improve well placement accuracy and delivery ***** urance, helping to connect surface activities with subsurface objectives.
According to the company, this approach is expected to help enhance recovery and reduce overall ownership costs for TotalEnergies.
2 months ago
UTM Offshore has signed a gas sales agreement (GSA) with Seplat Energy and the Nigerian National Petroleum Company (NNPC), marking a key development in plans for Nigeria's first indigenous-led floating liquefied natural gas (FLNG) project.
The agreement relates to gas from the deepwater Yoho field offshore Nigeria and moves UTM Offshore's project closer to a final investment decision (FID), according to a press release on African Energy Chamber (AEC).
The FLNG facility is designed to process 176 million cubic feet per day (mcf/d) once operational. Engineering and pre-construction work on the project is already complete.
With the GSA now established, UTM Offshore is progressing towards a sale and purchase agreement and working to achieve an FID. The targeted start date for shipping liquefied natural gas (LNG) from the Yoho FLNG project is 2030, according to current plans.
Financing arrangements are in place for the development, including debt capital from Afreximbank and equity commitments from NNPC and the Delta State Government.
The agreement relates to gas from the deepwater Yoho field offshore Nigeria and moves UTM Offshore's project closer to a final investment decision (FID), according to a press release on African Energy Chamber (AEC).
The FLNG facility is designed to process 176 million cubic feet per day (mcf/d) once operational. Engineering and pre-construction work on the project is already complete.
With the GSA now established, UTM Offshore is progressing towards a sale and purchase agreement and working to achieve an FID. The targeted start date for shipping liquefied natural gas (LNG) from the Yoho FLNG project is 2030, according to current plans.
Financing arrangements are in place for the development, including debt capital from Afreximbank and equity commitments from NNPC and the Delta State Government.
3 months ago
Chevron Corporation (NYSE:CVX) is one of the most undervalued NYSE stocks to invest in. On June 16, ******* eniQ Energy signed an agreement to grant Chevron a 70% interest in the Block 10 offshore concession in the Kyparissiakos Gulf, Greece. Under the deal, ******* eniQ Energy will retain a 30% stake, while Chevron will ******* ume project operatorship, utilizing its expertise in global deepwater exploration to evaluate the region's hydrocarbon potential.
This partnership marks the fifth joint offshore concession between the two companies in Greece, following previous collaborations south of Crete and the Peloponnese. Block 10 is currently in the second phase of its exploration program, having already completed 2D and 3D seismic surveys that have provided critical insights into the area's complex geological structure.
Both companies emphasized that this agreement strengthens their strategic alignment in the Mediterranean, a region identified as a key growth area for Chevron Corporation's (NYSE:CVX) global exploration portfolio. Moving forward, the partners plan to conduct further technical ******* ysis and ******* sments to guide future drilling decisions in this frontier territory.
Chevron Corporation (NYSE:CVX) operates as a fully integrated energy company, producing crude oil and natural gas, manufacturing fuels, lubricants, and petrochemicals, and developing technologies aimed at improving efficiency across its operations and the broader energy industry.
While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
This partnership marks the fifth joint offshore concession between the two companies in Greece, following previous collaborations south of Crete and the Peloponnese. Block 10 is currently in the second phase of its exploration program, having already completed 2D and 3D seismic surveys that have provided critical insights into the area's complex geological structure.
Both companies emphasized that this agreement strengthens their strategic alignment in the Mediterranean, a region identified as a key growth area for Chevron Corporation's (NYSE:CVX) global exploration portfolio. Moving forward, the partners plan to conduct further technical ******* ysis and ******* sments to guide future drilling decisions in this frontier territory.
Chevron Corporation (NYSE:CVX) operates as a fully integrated energy company, producing crude oil and natural gas, manufacturing fuels, lubricants, and petrochemicals, and developing technologies aimed at improving efficiency across its operations and the broader energy industry.
While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
3 months ago
Is TALO a good stock to buy? We came across a bullish thesis on Talos Energy Inc. on TradersPro's Substack. In this article, we will summarize the bulls' thesis on TALO. Talos Energy Inc.'s share was trading at $13.86 as of June 15th. TALO's trailing and forward P/E were 164.43 and 81.97 respectively according to Yahoo Finance.
Pixabay/Public Domain
Talos Energy (TALO) is an independent offshore oil and gas company headquartered in Houston, Texas, operating across the deepwater and shallow water Gulf of America as well as offshore Mexico, where it explores, develops, and produces crude oil and natural gas that feed global energy demand. The company is increasingly benefiting from a favorable offshore cycle as new discoveries come online, existing facilities are expanded, and production volumes rise alongside disciplined capital allocation.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
Pixabay/Public Domain
Talos Energy (TALO) is an independent offshore oil and gas company headquartered in Houston, Texas, operating across the deepwater and shallow water Gulf of America as well as offshore Mexico, where it explores, develops, and produces crude oil and natural gas that feed global energy demand. The company is increasingly benefiting from a favorable offshore cycle as new discoveries come online, existing facilities are expanded, and production volumes rise alongside disciplined capital allocation.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
