Recently, Talos Energy LLC had a merger with Stone Energy Corp. the merger was worth $2 billion. The completion of the transaction happened on May 10, 2018. The new company has begun trading under a new ticker symbol (TALO) on the New York Stock Exchange. The base of the new company will be in Houston, Texas.
The CEO of Talos Energy LLC, Timothy Duncan, worked on this merger deal in between the Hurricane Harvey floodwater crisis. Before the merger, Stone had done poorly in the oil business where it was in debt and had become bankrupt. It recorded a loss of $189.5 million in 2014, $1.1 billion in 2015 and $590.6 in 2016.
The new company is estimated to bring in $900 million worth of revenue annually as it begins to trade. Per day, the new company can produce 48000 barrels of oil and even more. This merger also will benefit Talos since it has inherited a crucial asset known as the Pompano platform that had been acquired from BP at $200 million.
Talos’ CEO, Thomas Duncan, knows how to make most of any tough situation. He took over the Chevron’s field, formerly known as the Typhoon Field (the now Phoenix Field) after the Hurricane Rita (2005) destroyed Chevron’s activities on the field. It now produces a maximum of 16000 barrels of oil per day. Talos has a plan of making more discoveries in the Phoenix Field 3000 feet deeper than the current oil reservoirs.
Before becoming the CEO of Talos Energy, Duncan started off in Zilkha Energy as an engineer (1996). The founding of Gryphon Exploration happened with Duncan’s help in 2000. He then began the Phoenix Exploration as a co-founder (2006). In 2012, Duncan founded Talos Energy where Riverstone and Apollo raised $600 million for the company’s start.
Recently, Talos, in collaboration with the U.K.’s Premier Oil and Sierra Oil & Gas got acreage in the Mexican water. During drilling, they discovered a sandstone containing an approximated 2 billion barrels of oil. This discovery is an advantage for Talos since it will significantly boost the company’s oil business.
It seems like Shervin Pishevar has a knack for predicting the future. That is what he did back in 2008 when he anticipated that Facebook would have an eventual identity crisis. Because of his correct anticipations and because of his extensive experience, many on Twitter were concerned when he posted some grim predictions about the future of the United States and its economy. He feels that the financial system lies teetering on near destruction. He sent out 50 tweets in just 21 hours anticipating a dark future for the US economy.
Shervin Pishevar is particularly well-known in the Silicon Valley area. He has seeded more than 60 companies as an angel investor. He has started a few companies and venture capital funds, including Investment company. Before sending out those 50 tweets in early February 2018, he had not been heard from on Twitter since he announced his resignation from that venture capital fund in December 2017. In addition to his experience as an entrepreneur, angel investor, and venture capitalist, Shervin Pishevar was given an Ellis Island Medal of Honor back in 2016. He has received other awards and has been recognized for the work he has done.
Shervin Pishevar specifically mentioned that the stock market was going to go down in the months ahead. He said it would go down by an aggregate 6,000 points. Within a very short time from sending out that prediction, the Dow dropped 300 points. This slippage is definitely something to be concerned about. However, Shervin Pishevar’s concerns appear to be broader than just that steep decline. Throughout the twitter rant, he touched on a variety of challenges that the United States is facing, including challenges within nationalism, politics, and even cultural trends.
One of the particularly ominous predictions that Shervin Pishevar makes has to do with the United States’ five big unicorns. He predicts that Alphabet, Amazon, Apple, Google, and Microsoft will lose their influence and possibly completely fall. He refers to them as being built on a monopoly framework and says that they should fall because that is how evolution works. They buy out smaller startup companies, which is bad for economic growth in the US.
Chelsea Market is one of New York’s premier food spots. The marketplace, owned by real estate investment company Jamestown, just made a whopping 1.8 billion (yes with a “b”) dollar profit on a real estate negotiation with Google. The internet mogul intends to keep the location as is and, I would speculatively say, Google wants to play a proactive role in the food resources accessible to their New York offices, while expanding their own potentials for profit.
Chelsea Market did not become such a successful and popular business over the last 20 years in New York for lack of well thought out moves. The food retailer is now looking to expand the brand in locations in the U.S. and possibly Europe. As the saying goes “if I can make it there I’ll make it anywhere”. Prosperous business owners like Jamestown are well aware of the high stakes involved with sustaining economic endeavors in an extravagantly expensive city.
Jamestown plans to hold on to the intellectual property as it expands the operation into other major cities. With the market’s 20- year track record, I could see it thriving pretty much anywhere across the U.S. or overseas in England. If Jamestown’s choice for real estate in other up and coming markets is anything like it was in New York, they will continue to be profitable.
A decade after the second largest recession in U.S. history, people in major cities across the country are starving (so to speak) for a satisfying and reliable food source. Chelsea Market has proven to have longevity for success in one of the tightest markets in the world, New York City. They have the potential and the vision to transform budding American cities across the nation.
Every year, BBB (Better Business Bureau) presents its Torch Award to firms that demonstrate remarkable ethical practices throughout the year. Located in Lake Zurich, IL, Aloha Construction was the 2017 winner of the BBB’s prestigious award having demonstrated exceptional Market Place Ethics. A panel of judges selected the construction company for a variety of reasons, most notably for having contributed a lot to the local community.
One of the several ways Aloha Construction has had a positive impact on the local community was by joining forces with the Learning Express to start giving free toy shopping sprees to needy local families. Through partnering with David Farbaky Foundation, a foundation named after the company’s CEO and founder, the construction company reached out to the Omni Youth Services and helped them identify needy families, whereby 4 girls and their single mom were picked for the toy shopping spree event. The girls were given a variety of toys they were able to pick within 1 minute. At the end of the event, the family was given toys worth $7,000. The company also demonstrated exceptional generosity after sponsoring a 12-year old boy together with his closest pals to a basketball match between the Houston Rockets and Chicago Bulls. The selected boy had undergone 5 heart surgeries since his birth.
Aloha Construction has also been involved in several other charitable activities. For instance, they donated $5 million to kids with cancer to undergo treatment. The company raised the money after organising the Illinois State University games. The company sponsored the Flying Aces Hockey Team in Central Illinois, whereby they gave free jerseys to the players and further awarded the outstanding players every week during the game.
BBB considered Aloha Construction due to the company’s exceptional community service. Having made significant contribution to the local community, the company was rightfully awarded the prestigious award. Apart from the company demonstrating unwavering care for its community, it also cares for its clients and its employees as well.
Dr. Mark McKenna is the Chief Executive Officer and founder of OVME, a tech company that links consumers interested in aesthetics-enhancing outpatient treatments with the closest providers endorsed by the company.
According to an interview with IdeaMensch, Dr. Mark McKenna’s idea for OVME is rooted largely in the success of ShapeMed, a company McKenna founded in 2007 and sold in 2014 that provided health, wellness, and aesthetics on a fee-for-service basis to customers around the greater Atlanta, Georgia, area.
ShapeMed was created shortly after Dr. Mark McKenna left his birth state of Louisiana in favor of Georgia’s rolling hills. He left Louisiana in mid-2007 and founded ShapeMed later in the year, in November 2007.
Dr. Mark McKenna grew ShapeMed into one of the most popular aesthetics and wellness medical practices across the state of Georgia, let alone the millions-deep metropolitan area of greater Atlanta. Life Time Fitness, Inc., a corporate conglomeration of businesses spread across the wellness, healthcare, and fitness industries, purchased ShapeMed’s many millions of dollars in assets in November 2014, exactly seven years after the company was founded.
From November 2014 through July 2016, Dr. Mark McKenna led Life Time Fitness as the company’s National Medical Director. Precisely one year after leaving the company, Dr. Mark McKenna created OVME, a business that connects potential patients across the United States of America with qualified medical experts who provide treatments that increase the beauty and aesthetics of patients, rather than focusing on their health and physical wellness.
OVME – the name of which is pronounced as “of me,” rather than “oh vee em ee” – links hundreds of patients every day to qualified healthcare service providers that Mark McKenna and his expert staff at OVME have investigated the reputation of and pre-approved prior to being listed on the app.
Mr. Mark McKenna is married to the beautiful Gianine McKenna, a budding swimsuit designer who shares an entrepreneurial spirit just as strong as her husband does.
Throughout the past, Mark McKenna’s business success has made him fortunate enough to be named to the board of directors of the New Orleans Jazz Festival, New Orleans Industrial Development Board, and the Entrepreneurs’ Organization.
Stream Energy is a model company for other businesses and individuals looking for employment. It cares about its workers and the well-being of the community. Overall, Stream Energy has made an enormous difference in their community. Texas is known not to be a generous state. However, Stream is reversing that as it has already increased the generosity rating in the state. Philanthropy is in the DNA of Stream. The work they do in and outside of the office is aimed at making sure that the people in the community have what they need. Another interesting fact about the company is that it hires independent contractors.
How free are you tonight? Because with the Stream Free Nights plan, you can have 365 nights of free electricity! Learn more here https://t.co/uU89qLFy8C or contact an Independent Associate today. pic.twitter.com/eX0aqjqrNp
— Stream (@MyStreamSocial) June 5, 2018
Only people who are serious about helping others are brought on to increase the client experience. Contractors build relationships with people in the community to ensure that they are taking advantage of discount services offered in the area. Some of the services that Stream Energy provides to its clients are mobile phone plans, discounted energy, and telemedicine. Outside of the day to day work, the company has created their own philanthropic organization that partners with other non-profit businesses. A few of those non-profit businesses are the Salvation Army, Habitat for Humanity, and the Hope Supply Co.
Steam Cares stays on call at all times to monitor the rate of homelessness in the area, and help individuals who suffer sudden loss from natural disaster. For example, in 2016, a number of tornadoes struck North Texas on the day after Christmas. Christmas is a holiday built on giving, compassion, and love. To celebrate one day and lose everything the next is a tragedy.
Thankfully, Stream Energy was able to spring into action with the Salvation Army to raise money to rebuild the city. Thousands of dollars were raised. Stream, in turn, matched the funds, which doubled the amount of money raised to help the families in need. Homelessness has increased in Texas by over 20 percent. Stream Cares sees this as an opportunity to do more for their community. Overall, Stream cares is doing a great job in making the world a better place by ensuring that the community has everything it needs to live safe and healthy lives.
Talos Energy LLC, a Houston-based energy company will soon acquire Stone Energy Corp. from Lafayette, Lousiana. The merging was valued to be at $1.9 billion, based on a press release. The combination of the company will be named Talos, Energy, Inc. They will be trading on the New York Stock Exchange representing the symbol “TALO.”
The closure of the deal is expected in 2019, during the first quarter or the early part of the second quarter.
According to Timothy Duncan, Talos Energy CEO, the merging of the two companies is a crucial step in Talos’ goal to become a prime offshore production and exploration company. He added that the merging of talents, resources, and even the balance sheet of Stone Energy and Talos will move them towards progress in many projects and will allow them to become more efficient in exploration ventures.
Upon the closure of the deal, all Talos stakeholders will have 63% of the company equity, while Stone Energy stakeholders will be having the 37%, according to the press release. The initial market capitalization is valued at $1.9 billion amounting to an enterprise value of $2.5 billion. Stone’s stock price was valued at $35.49 per share during November of 2017.
Additionally, Talos Energy will be owning 1.2 million combined acres located in the Gulf of Mexico, which is able to produce 47,000 barrels of oil as well as 136 million proved reserves on June 30.
About Talos Energy
Talos Energy is a known Texas-based independent oil and gas company. Their organization mainly focuses on offshore explorations and energy production. Their expertise involves being able to acquire land and energy assets located in the Gulf of Mexico or Gulf Coast regions, with the goal to optimize assets and explore more energy-producing opportunities. Talos Energy aims for growth, and they are using modern seismic technology to acquire high-quality gas and oil. Their company is also geared towards becoming a powerhouse of smart energy that can supply more users over time.
Talos Energy is powered by innovative ideas. They also focus on implementing projects which are results-driven. They are open to dynamic, collaborative and entrepreneurial ideas for individuals who are willing to bring something new to the table. Their company encourages all individuals to share ideas and to help their system improve and promote value for all their stakeholders. According to employees, Talos Energy is a great company to work with. It is currently ranked as one of the best workplaces in the Houston Chronicle Top Workplace for five consecutive years.
One of the advantages that people have to look forward to when working with Market America is that they gain recognition. While many people will be happy with just making a ton of sales and then moving on with their careers, Market America actually offers plenty of incentives. This is very helpful in that some people are not that good at rewarding and motivating themselves. Therefore, this company offers some kind of reward to people who make the most sales. As a matter of fact, this company wants to make sure that not only people are recognized for the sales they make but also that more people are encouraged to compete.
No company is better poised to take advantage of the global marketplace than Market America Worldwide | SHOP.COM, a pioneer in internet marketing with strategic programs in place for continued expansion. #shoppingannuity #shoponSHOP #unfranchise #marketamerica #internetmarketing #onlineshopping #global #success
Among the rewards that people receive is that they get the chance to be featured on a site. They are given the opportunity to record a video and make sure that they are getting some kind of reason to continue selling with them. Another good thing about this kind of recognition from Market America is that this can attract more customers to them. Therefore, people can earn even more money off of this opportunity. They can also be used as an example for others to follow if they are looking for some kind of way to become successful.
One of the best approaches for Market America unfranchise business owners is for them to figure out what they want from their activities. Afterwards, they can work towards getting that so that. One thing that can help with the success of working with a company like Market America is finding some kind of balance. One type of balance is between life and work. This can involve rewarding oneself. Some people are not able to go long stretches without any kind of reward, this is one of the reasons that people are encouraged to give themselves some kind of motivation.
There are a lot of people out there that are disorganized and they tend to be all over the place and all over the map. They can’t seem to follow through with anything and they end up messing things up for a very good company. Bob Reina knows with Talk Fusion, he has a great company. As a matter of fact, it has won awards to back that up, so Bob Reina wants to make sure it stays in great standing throughout everything it will encounter. He is in full command and he’s on top of everything that is going on with the company.
Now, make no mistake about it, Bob Reina is not looking to hover over people and micromanage them. That is not his style, and he knows it is not going to do any good for his employees to feel their boss over their shoulders. He just checks in here and there to make sure everything is running as smoothly as possible with the company. If any issues arise, he wants to tackle them right away and he wants to defeat them, no questions asked. He has put too much into this company, and he truly loves his customers.
He has even said he gets paid when the dreams of his customers come true, which is a beautiful things to say. It shows he is an unselfish person with a big heart and someone that is really going to go to bat for the people. He will not leave them hanging in whatever situation they find themselves in at the present moment. He is going to be there, as Talk Fusion is a company for everyone. It is not just for one person. He believes anyone with the right ambition and the right conviction can achieve success with all of the video features that come with the company.
He has seen the success stories firsthand and he has heard them from the customers as well. That always puts a smile on his face when he sees that someone with an idea turned that idea into a successful business. Learn more: http://www.huffingtonpost.com/author/bobreinatalkfusion-704
There are plenty of voices out there that want to tell you what you ought to think about this topic or that. They will preach to you from their own economic philosophies about how the world ought to work according to their framework. That is all well and good, but there are definitely some downsides to listening to what just anyone has to say on the topic. Instead, listen to someone like Shervin Pishevar.
In terms of entertainment value it is hard to match Shervin Pishevar. He recently logged onto Twitter to announce various stances that he has taken on the economic issues of the day. It wasn’t just a brief comment here or there either. Rather, Shervin Pishevar released a fifty tweet long tirade about all kinds of different issues impacting the global economy as he sees it. He felt that this was one of the best ways to reach out to a lot of people all at the same time.
“Cryptocurrency platforms have exorbitant fees, and they’re hard to use. I think it’s fair to say that our goal is to build the best product on the market, where users can have all of their investments in one place.” @vladtenev via @zoeSaintBernard https://t.co/h4X0dtybxO
— Robinhood (@RobinhoodApp) May 11, 2018
There were no prisoners taken when Shervin Pishevar got on a roll with what he was talking about. He did not beat around the bush when it came to calling out the Trump Administration for their policies that he believes are causing economic turmoil throughout the country. He also was not shy about saying that investors in Bitcoin today are going to get burned by the currency. He simply does not see the value in holding this particular currency at this moment in time. He thinks that it is actually pretty dangerous to do so.
Shervin Pishevar would like to see those who are holding US-based equities dump them to avoid what he sees as at least a twenty percent pullback in the value of stocks in the near future. He thinks that getting people to get out of their equity positions is the best way to avoid some of the pain that is coming.
You could classify Pishevar as a bear in a bull market right now. He would gladly wear that label so long as it turns out that he is right on the facts at the end of the day.