If you were in the middle of one of the biggest hurricanes to touch down in many years, what would be your first priority? If you’re like nearly everyone, your first priority would be to get yourself and your family out safely. It would be nearly unthinkable to put anything before that, so let’s think about this; what would be your second priority?
You might say that the answer to this question is a litmus test because it tells you what matters most to a person after the most basic priority of protecting the pack. For Talos Energy CEO Tim Duncan, that second priority was strictly business.
While helping his wife, his son, and their two dogs to safety during hurricane Harvey, Tim Duncan probably didn’t think too much about money or deals. But once he and his were safely in FEMA boat, his mind immediately began to drift toward disturbing and frustrating thoughts. After all, his company was in the process of a very large and important merger, and one which entailed no small amount of risk. It would be hard for anyone not to be anxious at a time like that.
However, Mr. Duncan rose to the occasion and buckled down in spite of the weather. He set up a temporary business space at his mother’s house. By a good stroke of luck, his mother’s house was in Houston but had not been affected by the hurricane or the floods that accompanied it. While this may not have been the most dignified way to go about it, he made sure that the merger went through without a hitch.
Talos Energy has recently completed a merger with Stone Energy. In the process, they have acquired a great number of new assets but with these new assets comes extraordinary risk. While they were rich in assets, Stone Energy Company was bankrupt. Nevertheless, Tim Duncan proceeded with the plan unhindered. Some might call him a great gambler.
His plan of drilling in relatively unexplored location is also risky. With such a great gamble on his shoulders, you can guess that he will be working hard to make that gamble pay off. People laughed at Christopher Columbus when he set out for a new world, but look how well the results turned out.
Visit More : www.indeed.com/cmp/Talos-Energy
Freedom Checks have been up and running thanks to the Statute 26-F federal law. Investors receive periodic checks from a good number of energy firms which have embraced the new development. Contrary to popular belief, the whole concept has nothing to do with the federal government.
The natural gas and oil industries have experienced a steady rise in master limited partnerships. The firms are involved in oil processing from drilling wells to refining the oil. Investors in the MLPs are the greatest beneficiaries of the tax exemptions accorded to the firms. They get to receive 90% of what the firms make as revenue. These payments are what make up the Freedom Checks.
This new form of payment is similar to what traditional securities referred to as dividends. They were established to encourage investments in the energy sector. This would in turn encourage the production of energy in the US. The idea originated from President Nixon who wished to consolidate the independence of the US. MLPs and their investors are exempted from the federal income tax. Taxes on their capital gain on the other hand is negligible. Read more about Freedom Checks at banyanhill.com.
The real estate investment trusts have also made use of the Freedom Checks. The shares are available at $50 or $100 depending on what one wishes to achieve in the long haul. Matt Badiali, a natural resource expert, has been following the unfolding of this new phenomenon. He shares insight on what options would yield the best results.
He has had a feel of what goes on in the field thanks to his academic background in earth science. This has placed him in a good position to know what would work and what would cause unnecessary trouble. Over the years he has earned a reputation as a leading investment strategists. He has taken unpopular decisions that worked wonders and people have respected him for this.
Freedom Checks, like any other investment opportunity, should still be approached with a lot of caution. The capital gains are lucrative but this is no excuse for not doing your own homework. Thanks to people like Matt Badiali, what was a reserve for a few top investors has now been made public. With Freedom Checks you get to kill two birds with one stone. Dependence on foreign energy sources is reduced while investment portfolios are expanded.
Learn more: http://creditorweekly.com/index.php/2018/07/02/curious-about-matt-badialis-freedom-checks/
Bruce Katzen is the chairman of Kluger’s Trust and Estate’s Litigation Practise Group. Kluger’s Trust and Estate’s Litigation Practise Group is based in Miami. Bruce Katzen, early training in public accountancy, spur his interest in complex financial fraud cases that he now handles. Bruce Katzen’s background has equipped him with the necessary experience to tackle many cases perfectly. He examines carefully every detail of a case, which enables him to be in an advantageous position to represent his clients.
Bruce Katzen practice focuses on probate litigation, guardianship disputes, as well as commercial litigation. Litigation of businesses entails securities, the liability of stockbrokers and clients and corporate matters. Bruce Katzen has received recognition for his hard work in franchise disputes, guardianship and sales disputes, trust, and company purchases. Bruce Katzen is passionate when it comes to satisfying his clients. He handles his cases with the aim of ensuring that his clients get the best among the choices available.
Bruce Katzen is one of the best lawyers in America. He works with a dedicated team of professions who always endeavor to offer the best administrations. Bruce says that it is their pleasure to dedicate their legal profession and the firm to serve their clients and maintain their highly esteemed reputation in the nation. While practicing law with integrity and professionalism, Bruce Katzen delivers outstanding services to his clients. Kluger’s Trust and Estate’s Litigation Practice Group have helped many people to get and seek justice.
His clients appreciate the passion he has for his job, and they always believe him when he says he is going to deliver. Bruce Katzen always seeks justice for the investors and individuals affected negatively by fraud or wrongdoings. Kluger’s Trust and Estate’s Litigation Practice Group chaired by Bruce Katzen is worth millions of dollars.
Peter Briger has a well-built reputation and character in his area of expertise. He is an expert in finance and investment currently serving as the Co-Chairman and Principal of the Board of Directors at Fortress Investment Group. Briger holds a Bachelor’s degree from Princeton University and an MBA from the University of Pennsylvania which has helped him acquire all the needed work experience to get him to his current position. He has gained his leadership and career accomplishments from partnering with Goldman, Sachs, and Co. for more than 15 years. Peter then joined Fortress in the year 2002 at lower ranks as a member of the management committee. His credibility and intelligence made him rise to oversee the Credit business of the firm till date. His team checks into the underrated and unstable illiquid credit investments under the Fortress management.
Fortress Investment Group is an investment and financial management company based in New York whose primary objective is to act as an investment manager. Fortress has a large clientele base including institutions, private firms, and corporate officials. The firm boasts of serving over 1750 firms across the globe. Among its list of services comprise of private capital investment and real estate programs. Fortress’ main focus includes advising on financing, owning, pricing and monitoring management of both physical and financial assets for its clients. Peter Briger has been instrumental in the development and growth of the company as an investment manager. His broad experience, sharp mind and clear reasoning have helped Fortress remain a rock in the sector.
Apart from dedicating his time and energy into building and developing Fortress and providing his financial services, Briger is actively involved in giving back to the community. Charity begins at home. Peter Briger applies the quote by supporting the Princeton University Alma Mata with beginner programs to help grow affiliated businesses. Briger and his alumni pals plan to launch a program that will propagate an entrepreneur mindset at Princeton University and along with it, support interested individuals. A philanthropic spirit is for a chosen few, and Briger is part of that community. He contributes to charity events including the Silicon Valley Council where he ensures that the funds are distributed globally to the less fortunate.At a personal view, Peter Briger was ranked among Forbes top 400 business professionals in the United States which makes him a great asset to the Fortress Group.
The chief executive of Talos Energy, Tim Duncan, never turns his nose up at a challenge. He would much rather ditch the concept of finding oil and natural gas more efficiently on the land, for the problem of drilling and finding success in the Gulf of Mexico.
Though there may be a far higher risk in the water, there is also a much higher reward as well. Stone Energy is a similar offshore production company that has seen some success with their fields in the Gulf. However, they are still creeping towards failure. For nearly four months, as Hurricane Harvey edged its way toward his neighborhood of Kingwood.
Texas, Tim Duncan was negotiating a $2.5 billion merger with the floundering Stone Energy. Knowing that the impending storm could not stop the progress he had seen, Tim took his family and pets to a nearby FEMA rescue boat in the waist-high waters of his town and found refuge in parents home which was high and dry in Houston. Once his family was safe, Tim could once again focus on the massive task at hand, merging his company with one just as large.
It might seem a daunting task to take on such a big feat, but he has never been one to tuck his tail and run when things get tough; Conflict is where Tim Duncan thrives according to his peers. Before the launch of Talos Energy in 2012, Tim and his team built and successfully sold two Gulf Coast oil companies.
The merger was eventually a success, and shareholders would see the new ticker, TALO, show up for the new company. At the start of its work in the Gulf, the team at Talos Energy drilled several new wells where Stone’s previous wells had been and are successfully producing nearly 50,000 barrels of natural gas a day. Equity shareholders should look at Talos Energy and Tim Duncan’s full body of work before feeling nervous about the merging of the two production companies. Also, Stone was not a complete failure; Though they may have a tremendous debt of $700 million, they also hold a profit margin of $2.3 billion.
Talos Energy’s Facebook Page.