Why Kosmos Energy Stock Is Surging Today
Shares of Kosmos Energy (NYSE: KOS) had jumped more than 10% by 1:30 p.m. EST on Wednesday. Fueling the oil stock was a combination of higher oil prices and positive notes by analysts following its fourth-quarter results yesterday.
Oil prices continued their climb today. The global oil benchmark, Brent crude, rose more than 2%, pushing it close to $67 a barrel. That rising tide is lifting nearly all boats in the oil market today since it should enable oil producers like Kosmos Energy to generate more cash.
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Source Fool.com
