Core Viewpoint - Talos Energy Inc. has announced the sale of an additional 30.1% interest in its Mexican subsidiary, Talos Mexico, to Zamajal, S.A. de C.V., which is primarily owned by Grupo Carso, S.A.B. de C.V. [1][2] Group 1: Transaction Details - Talos will receive $49.7 million in cash at closing, with an additional $33.0 million due upon first commercial production from the Zama Field, totaling $82.7 million for the transaction [2] - After the transaction, Talos Mexico will be owned 20.0% by Talos Energy and 80.0% by Zamajal, with Talos Mexico holding a 17.4% interest in the Zama Field [2] - Talos expects to receive a total of $82.9 million in cash contingent considerations upon achieving commercial production from the Zama Field, which includes $33.0 million from the current transaction and $49.9 million from a previous equity interest transaction [3] Group 2: Management Statements and Agreements - Talos's Interim President and CEO Joseph Mills expressed satisfaction with the transaction, highlighting its benefits for stockholders and the company's continued involvement in the Zama project [4] - Talos has entered into a cooperation agreement with Control Empresarial De Capitales, which restricts Control Empresarial from acquiring additional shares of Talos common stock that would exceed 25% of total shares until December 16, 2025 [4] Group 3: Corporate Actions - Talos announced an amendment to its stockholder rights plan, which will be terminated effective at 5:00 p.m. New York time on the date of execution of the amendment [5] Group 4: Company Overview - Talos Energy is an independent energy company focused on maximizing long-term value through its upstream exploration and production business in the U.S. Gulf of Mexico and offshore Mexico, emphasizing safe and efficient operations and environmental responsibility [6]

Company Overview - Talos Energy Inc (NYSE: TALO) recently reported the sale of certain subsidiaries, including Talos Low Carbon Solutions LLC, and new acquisitions in the US Gulf of Mexico [1] - The company's recent transactions may create potential new synergies that could have a positive effect on its operations [1] Analyst Background - The analyst has close to 14 years of experience in the financial industry, having worked for an equity research firm in NY, an investment fund in Mexico, and an investment bank in Ireland [1] - Currently a private investor, the analyst focuses on mature industries such as mining, oil and gas, real estate, and others [1] - The analyst typically targets investments with an internal rate of return of close to 5%-7% and appreciates M&A deals, deep value investments, and dividend investing [1] Disclosure - The analyst has a beneficial long position in Talos Energy Inc (TALO) through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not receiving compensation for it other than from Seeking Alpha [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2]

Personal Journey and Insights - The individual transitioned from a research analyst role in Toronto to living in a yurt in the boreal forest, approximately 100km away from the nearest paved road or grocery store [1] - This shift led to a deeper understanding of the fundamental role of energy and commodities, emphasizing that self-sufficiency is a myth, whether in nature or society [1] - The individual replaced dependencies on grocery stores and utility providers with natural ecosystems and a spiritual connection, reducing anxiety and gaining confidence in thriving in any environment [1] Financial Market Experience - The individual's relationship with financial markets evolved, but their passion for timing and anticipating market movements remained strong [1] - A notable example of early market entry was the uranium trade in early 2015, which took longer to turn profitable than expected, leading to exiting the trade before the bull run in 2021 [1] - The individual acknowledges that getting the thesis right is easier than timing the market correctly, and only when both are aligned can significant profits be made [1] Lessons and Growth - The individual's journey in financial markets began at age 14, and after nearly a decade in the investment industry and two years in the woods, they view their journey as spiritual rather than comparative [1] - The focus is on personal growth, learning from mistakes, and improving over time, rather than comparing returns to others or indices [1] - Writing has been an essential part of the research process, and the individual now aims to share their insights publicly rather than with a select group [1] Philosophy and Approach - The individual does not aim to teach but to share their experiences and mistakes, emphasizing that their writings should not be taken too seriously [1] - They caution that following their path too closely might lead others to similar isolation, highlighting the personal nature of their journey [1]

HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) announces the date for the release and conference call of its third quarter 2024 results, and participation at upcoming investor conferences.Third Quarter 2024 Earnings Results and Conference CallTalos intends to release third quarter 2024 results for the period ended September 30, 2024, on Monday, November 11, 2024, after the U.S. financial market closes. In addition to this release, Talos will host a conference ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find ...

HOUSTON, Oct. 1, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that its Board of Directors has adopted a limited duration stockholder rights plan (the "Rights Plan"). The Rights Plan is effective immediately and will expire on October 1, 2025, unless approved by Talos stockholders at the Company's next Annual Meeting. The Board may consider an earlier termination of the Rights Plan if circumstances warrant. The Board, in consultation with its independent advi ...

HOUSTON, Sept. 17, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today published its fifth annual Sustainability Report for the 2023 calendar year. The report highlights Talos's continued commitment to transparency, emissions reduction efforts, and sustainability and governance improvements across its growing exploration and production business in the Gulf of Mexico. Talos's report was developed with reference to the Sustainability Accounting Standards Board ("SASB"), Global ...

HOUSTON, Sept. 5, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that its Ewing Bank 953 well ("EW 953 well") successfully discovered commercial quantities of oil and natural gas. Separately, Talos entered into an agreement to participate in the Sebastian prospect, currently drilling in the Mississippi Canyon Block 387 of the U.S. Gulf of Mexico. The EW 953 well encountered approximately 127 feet of net pay in the target sand at approximately 19,000 feet true vertical depth (" ...

HOUSTON, Aug. 30, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that Tim Duncan has stepped down from his role as President and Chief Executive Officer, effective August 29, 2024. Joseph A. Mills, who has served on the Company's Board since March, 2024, will serve as interim President and Chief Executive Officer until a successor is in place. The Company's Board of Directors has initiated a search for a successor in partnership with a leading executive search ...