Talos Energy Goes Public With New Merger

Talos Energy is an offshore oil and gas producer from Houston. The company has now become a public company after a $2 billion merger with Stone Energy from Louisiana. The deal sees the creation of one major player in the oil and gas industry in the U.S who will focus on mining in Mexico and the United States. Talos has been operating as a private firm but went public after it acquired a controlling stake in Stone Energy Company. Stone was already public, and therefore Talos did not have to fill anything to become a public company. Normally a private company needs to fill an Initial Public Offering (IPO) in order to become public.

Talos Energy has since joined the New York Stock Exchange operating under the ticker “TALO.” In the new deal, Talos is expected to go through a thorough transformation. The backers of Talo Energy own 63% of the new deal while those of Stone Energy has 37%. Under the new deal, Talo is tipped to grow further by taking advantages of the business opportunities that will result from the expansion. Talos Energy has a special focus on the Gulf of Mexico, and it is even the reason it was created six years ago. Talos Energy has enjoyed the financial backing of Apollo Global management and River stone Holdings.

Talos Energy made a big win last summer after it won a number of bids in Mexico. It was among the first companies to take over oil and gas drilling after Mexico started allowing international investors to start their operations in the area. Stone energy on its part has been going through rough times financially. In 201, it filed for bankruptcy protection. Oil prices had gone so low that they feared a collapse. It resurfaced in 2017 stronger.

The merger has been tipped as historical and one of the biggest to ever occur in recent times in the oil-gas industry. With the new developments, Talos Energy which has been operating as independent exploration and production company in shallows water of Mexico is likely to take its operations to the deep waters.

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The Professional Journey Of Tony Petrello

Anthony Petrello commonly referred to as ‘Tony’ is indeed one of the country’s most renowned chief executive officers. His long experience in the corporate world blended with his background rich with legal attributes serves to place him on a higher pedestal when compared with his peers. Besides, the various success stories linked to him have contributed significantly in decorating his professional life. However, such great achievements did not occur over a short duration of time. Tony Petrello has come a long way, often braving various obstacles, and has secured the top position in the Nabors industries. The company has significant influences not only in the United States of America but also in many countries around the world.

The fact that he graduated from the Harvard law school and practised in the legal field for some years before joining the corporate world is perhaps the most important thing in his career. Having acquired his law degree, Tony Petrello joined Baker & McKenzie firm with which he practised for twelve years, five of which he served in the managing partner’s position. As such, it is clear that his leadership abilities began early in his life having secured such a lucrative spot in a field boasting of topnotch professionals who had the advantage of age at that time.

Given his epic leadership attributes, Tony Petrello became a highly sought after a man with many companies seeking expertise in management. To this end, he joined the Nabors industries, a leading geothermal contractor based in Hamilton, as its chief operating officer in 1991. Within a few years, he rose above the ranks often having a high opinion from the management due to his diligence and inherent talent. The several levels he occupied include; the deputy chairman, president, and the chairman of the board. His success story culminated in him becoming the Chief Executive Officer of the company in the year 2012 and since occupied the position to date.

Tony Petrello’s leadership profession does not limit him to only the Nabors industries. He also doubles up as the director of the Hilcorp and the Stewart & Stevenson companies. Furthermore, he has secured membership at the board of the Texas Children’s Hospital due to his passion of pushing for the research in the field of neurological disorders affecting kids. Owing to his exceptional abilities coupled with the high-end positions he occupies in various companies, Tony Petrello receives nearly thirty million dollars a year as his remuneration.

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The Leading Investment Manager, Fortress Investment Group

Fortress Investment Group is one of the largest investment managers in the world. It was founded in 1998 under the leadership of Rob Kauffman, Randal Nardone and Wesley Edens. The hedge fund manager boasts of about $43.6 billion of assets under management from more than 1,700 private investors and institutional clients across the globe. Headquartered in New York, Fortress was the initial leading private equity company in America to trade publicly. The firm provides services in recapitalization, turnaround and buyout. It also invests in real estate, loan servicing, leisure, telecommunications, consumer finance, gaming, senior living, healthcare, transportation and infrastructure.

Fortress Investment Group is based on five key competencies;
1. Asset-based
Fortress mainly invests in assets that range from financial assets, capital assets and real estate. The firm has expertise in owning, overseeing, financing and pricing of both financial and physical assets.

2. Operations Management
Fortress has a set of tools that help them to assess structural, strategic and operational challenges.

3. Capital Markets
Fortress has extensive expertise in capital markets and has specialized in low-risk financing for its investment by accessing equity and debt capital markets.

4. Industry Knowledge
Fortress has a team of investment experts who conduct thorough research on an industry before investing in the market.

5. Corporate Merger and Acquisitions
Fortress uses corporate mergers and acquisitions when making decisions on optimal structuring and execution of investment by working with management and corporate board of directors.

Working at Fortress is not only a privilege, but it also provides you with the opportunity to grow and learn from the best minds. Interns are treated equally as other workers, and they get the chance to be exposed to the challenges of managing hedge funds and the best practical solutions of overcoming the hurdles. Interns are also exposed to a variety of investment products. As an employee, Fortress caters for your drinks and food unlike in other organisations where you buy your meals. The organisation is very keen on time, and therefore to be productive, employees are encouraged to maximize their potential by meeting the set deadlines. The success of any organisation lies on the backbone of their employees. Fortress Investment Group often exposes their employees to training and exhibitions where they can gain more knowledge and skills to improve their profession.

The hedge fund manager, Fortress Investment Group, has been recognized on several occasions for their outstanding performance in investment management. Institutional Investor awarded the firm the Credit-Focused Fund of the Year in 2011 and the Discretionary Macro-Focused Hedge Fund of the Year in 2012. Later in 2014, Fortress scooped both the Management Firm of the Year and Hedge Fund Manager of the Year. The firm has also been at the forefront of philanthropic activities. During the 2010 Winter Olympics in Southeast False Creek, Fortress was the leading lender to the Millennium Development Group that had a project of constructing $875 million athlete’s village that was completed in 2009. After the 2010 Winter Olympics, Fortress claimed ownership of the village.

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