Talos Energy and Partners Benefit From Mexican Oil Industry Reforms

Talos Energy and Partners Benefit From Mexican Oil Industry Reforms

The Mexican oil industry has seen a significant step since its nationalization 80 years ago. The country has loosened its tough policies to allow private firms engage in oil mining business, a move that has resulted into a new offshore oil well being drilled by a foreign company. The first venture since 1938 involves a collaborative effort by Talos Energy, Premier Oil Plc and Sierra Oil and Gas.

According to Premier Oil Plc, a reputable London-based mining company, the Zama-1 well has the potential to generate between 100 million to 500 million barrels of crude oil. The well, which is located in the Sureste basing off the popular state of Tabasco, will take around 90 days and a cost of $16 million to complete. The three collaborators in this project are reportedly among the first private investors to benefit from the Mexican oil industry reforms.

Elaine Reynolds, an analyst from Edison Investment Research Company, has reportedly hinted that the project shall be closely monitored by relevant industry stakeholders. Similar thoughts have also been echoed by Charlie Sharp, another senior analyst from Canaccord Genuity Ltd. Talos Energy, Sierra and Premier holds 35%, 40% and 25% shares respectively in the Zama project.

About Talos Energy

Headquartered in Houston, Talos Energy is an experienced oil and gas company and specializes in offshore exploration and production. The organization, through its collaborative approaches, boats of clear tract record that entails tangible deliverables.

Since its inception, the company has continued to grow into a reputable global oil and gas drilling firm. Talos Energy is affiliated to reputable organizations including Apollo Global Management, and Riverstone Holdings, LLC. Under innovative leadership, the firm has made significant acquisitions in the recent past in a bid to expand its operations. The firm has reportedly sealed a deal worth $620 million with Helix Energy Solutions Group in exchange for Energy Resource Technology Inc: oil and gas subsidiary.

According to Tim Duncan, the Chief Executive Officer and president of Talos Energy, the recent acquisition brings a unique addition to the organization’s asset-base. Talos’ leadership strongly believes and remains committed towards corporate social responsibility. The company offers all its employees an allowance of $500 which they can use to support any humanitarian organization of their choice. In addition, the firm organizes quarterly charitable community events intended to support the local residents.

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Right Attitude is the Key to Sell Market America Products

Market America VP for Sales, Jim Winkler thinks that right attitude is vital in the sales of its products. The positive attitude willingness to improve their approach to customers can bring excellent results in the business of UnFranchise partners of the firm. Winkler thinks that right attitude and the knowledge can convey the message the clearly to the customers. He added that without those, it is highly difficult to generate results. People should be ready to analyze and ensure right business traits to improve their UnFranchise business.

Winkler further points out that UnFranchise business partners should follow the Market America’s news and features. The best option is JR Ridinger’s blog site, and Better Business Bureau is another option with an A+ rating for Market America. With an excellent range of Market America Products, the company is showing remarkable growth in the past few years. Winkler also said that while successful people are trying to do more, failed individuals hang on limited things. According to him, “attitude comes and plays before money.” People should set their mind to be ready to work and do not think about making excuses. Winkler remembers that he was working 60 hours a week in the initial years determined to accomplish.

People are not born with success, but they have to work and capture it. While he was more of an introvert, Winkler learned the required business skills by making efforts. Listening to the Market America audio recordings is an excellent choice as it offers tons of invaluable information. A call with the senior business partner once in a week is another option as it ensures excellent relationship and provides an extra boost to the business knowledge. People can prepare for the call and take notes while attending the call. Winkler also thinks that attending conference calls and participating meetings are essential to connect with the community of Market America.

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Sahm Adrangi’s Company Raises $100 Million

Kerrisdale Capital Management, which is headed by Sahm Adrangi has raised almost $100 million from investors. The money raised will be channeled towards betting against a single stock. The latest Kerrisdale co-investment fund seems to be the first of its kind. Regularly, hedge fund managers raise money to focus on a specific investment idea like the recovery of residential mortgaged-backed securities or distressed energy companies. Nonetheless, Kerrisdale plans to use the cash to short the stock of a yet to be unveiled public company.

Writing to investors, Adrangi pointed out that they raised a sizable amount of capital within a short period. According to him, it is a sign that they had struck a chord in the alternatives community. Adrangi added that they had taken a firm that is worth over $10 billion and tried to get every investor to understand the kind of insights that they had about the company.

Adrangi and Shane Wilson, an analyst at Kerrisdale, are focusing their energies on the upcoming campaign. They are working on several materials that will convince others about their idea. These materials shall be conveyed to the public through the website, report, and video. Already, Kerrisdale has started buying stock in the target company with a goal of establishing its position.
Presently, Kerrisdale is managing about $500 million, including the new money raised. The corporation has a record of betting against firms and taking their case public. Some of its most recent short positions include Globalstar, a satellite company and drug makers Zfgen and Sage Therapeutics.

About Sahm Adrangi

Sahm Adrangi is the chief investment officer and founder of Kerrisdale Capital Management. Adrangi has been involved in all aspects of the business’s development since 2009. He incorporated the noble corporation with less than $1 million.

Adrangi, who is well known for short selling and publishing research, made a name for himself by shorting and exposing fraudulent Chinese firms like China Marine Food Group. His firm’s research seeks to correct the misconceptions surrounding their important business prospects. Sahm has delivered his speech in different conferences, including the Value Investing Conference. Adrangi graduated with his bachelor’s degree in economics from the world-renowned Yale University.

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