En-Gulfed: Talos Energy Acquiring More Assets In The Gulf Of Mexico

Talos Energy has announced the acquisition of Whistler Energy II, otherwise known as “Whistler”. The deal was completed on August 31st, 2018 to the tune of $52 million. Because of a financial balancing act with cash collateral from whistler surety bonds, as well as Talos Energy receiving the available cash on hand from Whistler at the time of the sale, Talos actually came out with a $14 million net cash consideration. It wasn’t only a good deal for Talos: the release of the surety bonds go with the purchase price of the netting Whistler $100 million in cash.

Talos Energy acquired 100% working interest in three blocks of the central Gulf of Mexico comprising 16,494 for acres, as well as a fixed production platform. The area acquired consists of three blocks in the central GoM which as a group is titled the “Green Canyon 18 Field” (Green Canyon 18, Ewing Bank 988, and Green Canyon 60). Exxon Mobil originally developed Green Canyon 18 field before selling it off to whistler in 2012, and is responsible for over 117 million barrels of oil equivilant produced to date. To date this year Whistler had produced approximately 1,500 barrels of oil equivalent per day (boe/d).

Talos Energy President and CEO Timothy S. Duncan indicated that plans were in place pour over the assets of Whistler and find new opportunities for drilling in the Gulf of Mexico. This will be in conjunction with leases gained from a federal lease sale in the area which contained at least three drilling possibilities which can possibly be tied into the production facilities acquired in the sale.

The move comes as many competing companies are leaving the Gulf of Mexico to look for onshore drilling opportunities. This acquisition comes mere months after Talus Energy acquired the Houston-based Stone Energy Corporation which was another offshore drilling company in the Gulf of Mexico.

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GoBuyside Was Created To Help Deal With A Problem That Needed To Be Solved:

The quest to find enough talented individuals is a constant battle experienced by CEO’s of company’s that operate in the realm of investment management and services in the financial industry. Many of today’s CEO’s in the financial industry are unable to express any amount of confidence in the ability to pull in the talent needed when it is needed. The good news is that there are things that can be done to help remove this problem. There is also an amazing new company called GoBuyside that serves as a platform for hiring in the financial industry. The company comes from the mind of founder Arjun Kapur. He recognized these struggles that companies in the financial sector go through and decided to do something about it by creating a transparent platform. This idea materialized as GoBuyside.


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GoBuyside provides a critical solution to the problem of hiring in the investment management realm. The company is specifically set up to serve the financial industry and the GoBuyside platform really opens up the whole world to both employers and potential employees. For firms looking to hire, utilizing GoBuyside is a really great strategy that is impressively effective from a cost standpoint.

A huge reason why there is so much competition for talent in the financial industry is because of the fact that today’s financial professionals have a lot of options available to them. Many of these potential financial sector employees are often recruited by companies such as IT firms as well and thus this increases the overall competition for their talent. This is another great area in which GoBuyside comes in. The overall transparency of the platform allows for a mutual benefit to be obtained by both those doing the hiring and those who are looking to gain employment. So far, this strategy is paying off well for the folks at GoBuyside.

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Shares Of The Firm At Which Gareth Henry Is Employed Rose By 2.4%

Shares of the Fortress Investment Group (FIG) were rising when Credit Suisse seemingly out of the blue upgraded its rating, causing a 2.4% spike on a day where most of the other stock’s prices were either remaining same or losing some value. Credit Suisse held that shares of the Fortress Investment Group’s stock have tremendous upside. Concerns flowing from the Fortress Investment Group’s principal compensation were completely quelled. What’s more, the percentage of the Fortress Investment Group’s stock dividend will be bumped up shortly, with its yield equating to more than 10% by the year of 2012.

In addition, the Fortress Investment Group is positioned to turn a nice profit from the opportunities that will be provided by an anticipated near-term correction in the markets considering the fact that it has a $3.6 billion credit. Beyond these reasons, the Fortress Investment Group will very likely profit from increased regulations and a refinancing wave that will make available excellent investment opportunities.

Gareth Henry is an executive who is in the employ of the Fortress Investment Group as a managing director. His principal duties include raising capital in the European, the Middle Eastern, and the African markets. Gareth Henry is broadly considered as an exceptional managing director who gets the job done. His many achievements include establishing great connections to sovereign wealth funds, pension funds, and insurance companies.

Gareth Henry is a graduate of the University of Edinburgh in Scotland where he learned actuarial mathematics and has a first-class honors degree from the Heriot Watt University. After his life as a university student came to its fruition, Gareth embarked on his professional career first with Watson Wyatt in management research for a few years and then with Schroders, a money management firm, as a product manager in the multi-asset class group. In the year of 2007, Gareth Henry made the greatest professional move of his life in joining the Fortress Investment Group, whose founding fathers, Wesley R. Edens, Rob Kauffman, and Randal Nardone, found the firm in 1998.

Visit More : www.privatedebtinvestor.com/angelo-gordon-names-new-head-of-ir/

Why Equities First Holdings Is Different

No doubt a refreshing approach to lending, Equities First Holdings offers stock-based loans for individuals and enterprises looking to pursue endeavors at reasonable prices. Created by Al Christy, Equities First Holdings is touted as an exemplary financial institution. Hallmarked for their revolutionary tactics that bode well for a borrower’s success, Equities First Holdings is revered by the masses. Security-based lending offers low-interest rates between three and four percent, ensuring that borrowers aren’t flushing money down the toilet.

What’s more, borrowers are compensated based on the value of their stock. Unfortunately, stock-based lending has been cast in a negative light. Other companies who’ve adopted this same method are notorious for funneling the stocks into the open market and keeping the matured value for themselves. Fortunately, Equities First Holdings boasts a high degree of transparency and integrity, guaranteeing that such unsavory schemes would never unfold. As the company progresses, EFH will become a household name.

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Talos Energy The Offshore Explorers

Talos energy is a privately owned independent oil and gas firm attributed to the offshore exploration and execution of its activities in America’s Mexican gulf and along the shallow waters of the Mexican coast. The company is based in Houston, Texas.

Talos Energy became the first ever offshore exploration to be privatized in the Mexican history. In 2017, Talos accepted an offer to merge with Lafayette-based energy plant; an offer which would grant Talos two cites to explore in Gulf of Mexico. Besides, the merging would see Talos acquire the technical resources and the funds to support its in-house development projects as well as the enabling capability to undertake transactional and exploration opportunities in other areas.

Tim Duncan, the Chief Executive Officer and the president of the Talos Energy says that his main agenda and core responsibility is to create new and maintain the existing relationships as he surveys development projects and growth of profitable business opportunities. Thus upholding to the uttermost of the company’s culture which is developing the culture, values and maintaining the reputation of the Talos Energy Company.

Tim Duncan assumes the mode of a servant leader in his managerial duty for the Talos Energy Company, where he says satisfying their customers is the key driving force. This brings forth the attitude of serving first, highlighting and attending to the needs of the Talos Energy Company employees, suppliers, customers, and the other key stakeholders and handling them efficiently has brought immense success to the Talos Energy Company.

The Talos Energy Company, is the first ever independent firm to venture in offshore oil and gas exploration and it has been faced by a number of shortcomings, among them being lack of skilled personnel globally since the offshore oil exploration has not yet found its roots in the economy strong. Besides retaining their experienced employees has been a challenge as they are always poached by other upcoming oil exploring firms upcoming around the globe.

Tim Duncan, as a manager and a leader, when hiring employees for the Talos Energy Company, he keenly focuses on fairness, honesty, and respect as well as motivating his juniors to get the best of them, which in turn becomes an advantage to the company, making it execute and reach goals effectively.

Visit More : www.indeed.com/cmp/Talos-Energy

Principals And Recent Decisions At Fortress Investment Group

Fortress Investment Group is a prominent agency that has gained significant notoriety in recent times. Operations are based on experienced management team in sectors including energy and infrastructure, transportation, financial services, and healthcare. The permanent capital category is controlled by five publicly traded permanent capital vehicles.

Fortress investment group was founded in 1998 by Wes Edens, Randal Nardone and Rob Kauffman (retired in 2012). They had a vision of creating a private equity firm that invested in the latest vehicles. Their portfolio grew fast from an initial $400 million to about $3.9 billion over its five years of existence. Their investment had grown to & 32.6 billion in assets. While Nardone and Edens stayed on at the company after the 2017 merger with Softball, Edens stepped down in 2012 to pursue his heart’s desire– car racing.

There are many things that Fortress Investment Group is known for. Some examples include their innovative methods and determination towards providing multidimensional business solutions. There are a variety of options to choose from when working with them. They also adapt to the latest in financial planning and investment strategies to maximize the potential gains. Fortress Investment Group makes a point of it to include technology in the context of their practices. The dedication of multiple departments to this initiative makes it possible to get outcomes that are valuable for extended periods of time.

With attention to detail and highly developed systems of operation, it is clear that this organization will continue to spur innovative research and development for years to come. Their desire to improve standards of investment as well as money management set them apart from other financial planning investing groups. They will continue to shape the way that millions are invested in the years to come while including the latest research in their programs.

Visit More : www.fortress.com/businesses/credit

Guilherme Paulus Tells How He Became A Successful Entrepreneur


Guilherme Paulus is part of an extremely small percentage of people that has attained the level of entrepreneurial success that would bring hope to many entrepreneurs that are still at the beginning stages of their journey for independence. Guilherme Paulus is a Brazilian native that joined the billionaires Forbes list in March of 2013. He had an internship with IBM for a short while when he was still under 20 years old before he realized that computing was not what he wanted. He still managed to benefit from the learning experiences while being a trainee for IBM. Visit Guilherme Paulus at Bloomberg to find out more.

Guilherme Paulus made the billionaire’s list because of the successes of Brazil’s tourism sector. Paulus was responsible for co-founding CVC, the travel agency in 1972. The CVC has become the largest touring operator due to Guilherme’s leadership. The company was founded by Paulus and a partner that was a politician at the time. The partner ended up leaving the venture after four years of being involved. The CVC is estimated to be priced at approximately 420 million.

Guilherme didn’t stop there. Even though his company has been having tremendous success, it didn’t completely scratch his entrepreneurial itch. Paulus went at it again and founded what’s known as GJP Hotels and Resorts. Gilherme’s new venture has control of more than 15 hotels and resorts in Brazil. The company is looking to build and maintain more hotels near Brazilian airports.

Paulus credits the success of the CVC and GJP to the consolidation and expansion of the two brands. He got his first taste of tourism because of an advertisement in the newspaper. This is where he got his first glimpse at the opportunities that awaited him in the traveling business. He realized that he could bring joy to people that were traveling after experiencing a boring trip with a group of French people. He set out to create activities that would be able to cheer up the customers. The trip ended up being a success and he felt more motivated to continue playing the same game. Guilherme Paulus is a dreamer and is encouraging to other dreamers.

Learn more: http://forbes.uol.com.br/negocios/2015/12/como-o-bilionario-guilherme-paulus-pretende-se-tornar-o-maior-hoteleiro-do-brasil/

 

Louis Chenevert- His role at UTC

Louis Chenevert became the president of Pratt & Whitney in 1999 after serving for about six years in other levels within the company. He had earlier made a switch from the auto industry to the aerospace industry after spending 14 years at General Motors plant in Montreal. Under his management, P&W Louis Chenevert oversaw the company become profitable again since, by the time he was taking over as the president, it was not doing well at all. Chenevert used his experience to work on technology that would bring efficiency to the company. One of the things he did was to shorten the production time of engines from 2 years to nine months. With better efficiency, the company started making profits. At a time when the market was not doing very well, Louis Chenevert put in place measures that cushioned it from losses.

P&W is an aircraft engine manufacturer for both commercial and military planes. It is one of the leading companies globally in this field. The company has over 33,000 employees and the fact that he was given the mandate to lead the company after spending a short time in the company was approval of his accomplishments. With the good results he had produced with P&W the parent company United Technologies Corporation came looking for his services. P&W is a subsidiary of UTC.

At the time he was leaving P&W he had initiated the pan of building an advanced jet engine known as geared turbofan engine. As he transitioned to take up the role of CEO at UTC, he kept this idea in his mind. UTC would not only require him to deal with matters in the aerospace industry but even other technical products such as elevators and escalators, HVACs, and security systems.

AT UTC, Louis Chenevert brought back the idea of the GTF engine. He invested $10 billion in the development of this engine which despite being criticized for its huge cost at the beginning now forms the biggest budget of the company’s revenue. The engine offers some unique advantages such as less environmental pollution and low fuel consumption. It has become one of the most sought after engines in the aerospace industry.

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce

Stream Energy Wears its Philanthropic Hat Proudly

Stream Energy, a Dallas, Texas-based energy company, established the “Stream Cares Foundation” in an effort to formalize its philanthropy efforts. Philanthropy has always been part of the company culture, but to establish an entity dedicated to charitable causes is something new in the business world. The entity moved into action following Hurricane Harvey when Stream Cares began funding recovery efforts.

Through its philanthropic methods, the company is giving back to the community. This helps the company build loyalty with customers as well as garner a certain level of respect. Stream Energy has built relationships with several charitable causes through the years including the American Red Cross and Habitat for Humanity. A cause embraced by Stream Energy is homelessness. Working with Hope Supply Co, the two entities sponsored an event called Splash for Hope. It is an event for homeless children and the costs for entrance to the event and meals served were covered by the company and Hope. The event brings homeless children to a local water park for a day of fun.

Stream Energy also works with Hope in a collaborative effort to provide school supplies, clothes, and diapers to disenfranchised children of Texas. Providing the necessary help to the children is both rewarding and uplifting for both companies. It is heartwarming to reach out a helping hand and know the beneficiary of such help is able to take a positive step forward toward a better and more positive life.

The company not only donates financial help to those in need, but they also take the time to meet and work with the organizations and individuals they help. Stream Energy also works with Operation Once in a Lifetime and offered not only financial support, but moral support, as well. The organization offers support to veterans and their families in the Dallas area. The company provided transportation to veterans and their loved ones to attend a special luncheon at a Texas restaurant. After the luncheon, Stream Energy was the co-host of the American Girl Doll Experience. This allowed daughters of members of the military to choose an American Girl Doll and have lunch at the American Girl Café.

https://www.uschamberfoundation.org/organization/stream-energy

GreenSky Credit shuns trendy techisms, focuses on reducing friction

When David Zalik founded GreenSky Credit in 2006, he was nearly 100 percent sure that he had a winner on his hands. But the then-32-year-old entrepreneur was facing a market that was uncertain and a model that had never before been tested. Still, the young businessman was willing to stake essentially everything he had on the future success of his company. David Zalik had as much skin in the game as can possibly be put there.

To come up with the money, he mortgaged more than $10 million of commercial real estate, representing his entire effective net worth. Zalik could have taken on partners, but so strong was his belief in the future success of GreenSky Credit that he wanted to retain as much equity in the firm as he possibly could. This would prove to be a wise decision.

Zalik first got the idea for GreenSky Credit while working on another one of his companies, Outweb. The e-consultancy firm had a large number of clients in the home-remodeling sector. And Zalik was able to see, first-hand, the problems that this industry faced. One of the issues that Zalik saw was the constant losing of sales at the retail level to customers who had simply underestimated how much a home remodeling project would ultimately cost. It was not uncommon for customers with little or no contracting experience to underestimate the true cost of projects by up to 50 percent. When they finally were informed of the actual price, the sticker shock was frequently enough to ensure that the deal would fall through.

GreenSky Credit addresses this problem by pairing merchants with 14 of the nation’s largest creditors. Because the majority of customers for high-end home remodeling have excellent credit scores, GreenSky Credit can offer extremely attractive terms on the loans while also guaranteeing lenders a very low probability of defaults. This model has proven to be an excellent way to facilitate deals that would have otherwise fallen through.

Today, GreenSky Credit originates more than $5 billion in loans every year. Zalik seeks to grow to doing $20 billion in annual loans by 2020.

http://kbispressroom.com/tag/greensky-credit/