Monday, August 6, 2012

Kosmos Energy’s Q2 Loss Widens (AMD, SNP, BP, MTGE, KOS)

Advanced Micro Devices, Inc. (NYSE:AMD) shares declined 2.93% to $3.97 after the company announced that it intends to commence a private offering, subject to market and other conditions, of $300 million aggregate principal amount of senior notes due 2022. AMD intends to use the net proceeds for general corporate purposes and working capital.

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China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) stock gained 3.34% to $94.49. The 52 week trading range for the company is $82.50 - $125.36. The shares of the company have declined 24% in the last six months. The company is an energy and chemical company. The Company operates its businesses through four segments.

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American Capital Mortgage Investment Crp (NASDAQ:MTGE) stock fell 3.54% to $23.72. The company posted second-quarter net income of $32.23 million, or $1.15 per share. Net interest income for the latest-quarter was $29.91 million, as compared to $14.94 million in the prior quarter. Total other gains were $5.99 million, as compared to $8.51 million in the previous quarter.

BP plc (ADR) (NYSE:BP) shares climbed 1.10% to $41.48 in the early hour. On August 3, 2012, Petrobras and BP Plc, found oil in a deep-water offshore well in a new area for exploration off Brazil's northeast coast, the company said in a securities filing. The oil was discovered in the BM-CE-2 concession in the offshore Ceara basin. The concession is 60% owned by Petrobras and 40% by BP.

Kosmos Energy Ltd (NYSE:KOS) shares increased 6.06% to $9.97 after the company reported second-quarter loss of $24.8 million, or $0.07 per share, as compared to a loss of $16.7 million, or $0.03 per share, a year ago. The results were better than the loss of $0.09 per share, on average, predicted by analysts. Revenue declined 11% to $112.7 million from $126.9 million. Analysts was expecting $113.5 million.

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