Cobalt sinks as SEC probe heats up

Investigation: SEC keeps close eye on Cobalt

New York-listed Cobalt International Energy fell nearly 11% in trading on Tuesday after it revealed that federal US regulators may take enforcement actions against the company for alleged corruption acts in Angola.


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?