The Mexican government has announced a change in its standing policy to keep private companies from oil wells in Mexican waters. This reticent announcement was made with back in 2015, stating that the government was seeking new ways to drive up competition in its energy markets. In response to this announcement, Talos Energy, a Texas-based oil and gas company, formed a partnership with Premier Oil from the UK and Mexico’s own Sierra Oil & Gas. Talos and company first lobbied the Mexican government back in 2015 when the announcement was first made. After much mediation, a $16 million deal for first-drilling rights. It’s the first drilling efforts in Mexican water by private, foreign companies and not the state-run Petroleos Mexicanos since 1938. Drilling efforts began at the Sureste Basin offshore from Tabasco.
The Sama-1 well is expected to contain an approximate 500 million barrels of crude, and these companies have but 90 days to extract it before their drilling window closes. Aside from direct business interests, the energy industry is very interested in what Talos has kicked off in Mexico. According to analysts from Edison Investment Research in London, as Mexico continues to reform its energy regulations and invite more companies to compete with Petroleos Mexicanos it will gain more attention. Seeing this as an opportunity for companies to expand to a new region, Talos has more incentive than before to succeed in meeting its drilling projections than before. The possibility of intense competition in a market that previously had none could shape up to be the most interesting energy story of 2017.
About Talos Energy:
Talos Energy is an oil and gas company that specializes in offshore exploration and the development of deep-water assets. With years of experience operating in the Gulf of Mexico, Talos Energy has been instrumental in testing novel approaches to explorations and making use of high-end seismic technologies in the endless quest for energy stores while maintaining a commitment to protecting the environment. With more than 10 years in operation, Talos Energy has consistently remained at the forefront of success. Remaining abreast of the changes in the industry has allowed Talos to innovate in ways that helps the industry grow and expands their influence to new partners across the globe.
On the list of the strongest pillars behind the success of Fortress Investment Group, Peter Briger ranks at the top. He is the force that saw Fortress transform from being a private equity firm that it used to be, and became an alternative investment management firm that managed a variety of investment asset strategies for its customers. The customers of the company constitute of both institutional investors and individual clients. The other asset strategies that were introduced by Briger were permanent capital instruments, credit fund, hedge fund and real estate. This made the assets under management of Fortress Investment Group skyrocket in value within a short period.Peter Briger has a unique belief in education. He works so hard to liberate his community by funding education for children from the less fortunate families.
This has gone a long way in improving the lives of many families who could otherwise still be impoverished. Peter Briger believes that the only way that any community can liberate itself from poverty is by educating their young generation. This move has been taken in a lot of positivity by other community leaders in the quest for improving their standards of living and general productivity of the community. Having special expertise in the management of mergers and acquisition, Peter Briger oversaw the acquisition transactions that saw Fortress acquire the largest ski resort operator in Canada, Intrawest. Fortress Investment Group also acquired several other firms, a move that led to the significant increase of the company’s managed assets.
These firms included Penn National Gaming, Florida East Coast Industries, and the RailAmerica. Later in 2017, another transaction was done by Fortress Investment Group that saw the company acquired by a Japanese multinational corporation, SoftBank. This transaction was made on a cash basis whereby SoftBank spent a total of $3.3 billion. Following the acquisition transaction, all the outstanding shares that belonged to Fortress Investment Group were transferred to SoftBank and its legal subsidiaries. However, Fortress Group continued operating independently under the same leadership of its principals; Wes Edens, Randal Nardone, and Peter Briger. This transaction will see Fortress explore other economic sectors especially the telecommunication since it’s the main area of operation for SoftBank.
After decades spent with the wealthiest investors, Paul Mampilly is now specializing in helping smaller investors. As a senior editor for Banyan Hill Publishing, where he oversees publications which are geared towards Middle America, and helping the average American find wealth through investing.
He writes primarily for two newsletters: Profits Unlimited and Extreme Fortunes, but also helps oversee a number of financial publications as needed.
He joined Wall Street in 1991 as an assistant portfolio manager but quickly grew into more senior positions at Deutsche Bank, ING, and Kinetics Asset Management. During the 2008-2009 financial crisis he won the Templeton Foundation competition for hedge fund management, taking 50 million dollars and delivering 88 million dollars.
In referencing his work experience, Paul Mampilly has said that the two worst jobs he ever had were filling the dishwasher at the 5am shift in college, and pumping gas in the cold of a New Jersey winter. While both were grueling in their own right, he also said that they taught him the value of being willing to work hard and do what has to be done in order to advance to where you want to be. It’s a mindset that he carried into the investing world, where he often spends hours upon hours researching stock options before choosing them for a managed fund or written recommendation.
Research and dedication are two of his trademark tactics when it comes to choosing a good investment strategy. With his team, he researches and delves deeply into the stock picks that he writes about, then spends many more hours writing the reports using language that non-Wall Street insiders would understand.
Paul Mampilly is known for writing to Americans who would not have 50 million dollars in liquid assets to invest, like when he won the Templeton Competition. His newsletters are written with affordable investments that can help families and non-professionals in the finance industry find success on Wall Street. He also makes sure to use language that anyone can understand. When he is not writing, he often goes onto major cable news channels as a market analyst and investing expert.
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