Dallas, Texas 12/30/2013 (FINANCIALSTRENDS) – In a recent announcement made by the Cobalt International Energy, Inc. (NYSE:CIE) they have elected Kay Bailey Hutchison as their board member. For your information Kay Bailey Hutchison is a former United States Senator. As per the company the number of directors is now total 11 and this posting is effective with immediate effect and will last till Cobalt’s 2015 Annual General Body meeting of Shareholders.
As per the current scenario Kay Bailey Hutchison is serving as Senior Counsel in Bracewell and Giuliani’s Dallas, Texas office. As per Cobalt’s Chairman and Chief Executive Officer Joseph Bryant they are extremely pleased and honored and are welcoming Senator Kay Bailey Hutchison to Cobalt’s Board. To know more about the company you can also log on to company’s official website and gain complete information about the company. The current share price of Cobalt International Energy Inc. is $16.37 and the 52 week low of Cobalt International Energy Inc. is $13.75 and the 52 week high of Cobalt International Energy Inc. is $30.27.
Overview of the Cobalt International Energy Inc
Cobalt International Energy Inc. is an independent production and exploration company that is active in deepwater U.S Gulf of Mexico and offshore Gabon and Angola. The company primarily holds strategic relationships with Total E&P USA and Sociedade Nacional de Combustiveis de AngolaEmpresa in Houston Texas.
The company holds a great prospect in the field of oil exploration and many old time industry analysts are quite bullish about this stock. As the America’s economy condition is improving the demand for oil and gas also seems to increase resulting into an upswing into the share price value of Cobalt International Energy Inc. out of 11 trading platforms 7 have granted a hold rating on Cobalt International Energy Inc.