Comment on Shares of Cobalt International Energy Slide 11% Even After Beating Earnings Estimates

Shares of Cobalt International Energy Slide 11% Even After Beating Earnings Estimates

Image Source: Cobalt International EnergyWhat: Shares of Cobalt International Energy (NYSE: CIE) are down 11.2% as of 11:00 a.m. EST Tuesday. While the company reported a net loss of ($0.11) per share that beat Wall Street expectations, shares are taking it on the chin as the company announced that its still in negotiations to sell two of its exploration blocks in Angola.Continue reading

 

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