There’s a brand-new player on the New York Stock Exchange. This player just recently dove into the world of publicly traded companies. What’s the name of this new player you may ask? TALOS energy. This company focuses on energy. Their primary focus is in both the United States side of the Gulf of Mexico and the side held by Mexico. Talos energy is known for offshore oil and gas production.
One of the findings that led to the boom of Talos energy was the discovery known as the Zama discovery. This discovery was found off the shore of Mexico and the luck of the find can be attributed to some of the first bids in a recently opened marketplace off the shore of Mexico. The marketplace was opened in large part due to Mexico’s deregulation process. With discoveries like this becoming more possible the future looks bright for Talos energy.
The events of going public can easily be attributed to a recent deal with Louisiana’s stone energy. This merger was worth nearly $2 billion. It also created a significantly larger company. By acquiring a controlling interest in stone energy the company became more public. This new energy company is now based in Houston Texas. They can also be found on the New York Stock Exchange under the “TALO” ticker for those interested in watching or investing in the company.
The chief executive of Talos, Tim Duncan, called the deal a transformational combination. The backers of the company currently own 63% of the combined company and stone shareholders receive 37%. The overall mood regarding the merger is positive as executives and investors look forward to the new opportunities available to the growing company. They believe that the diverse holdings of company put in an excellent position to not only grow but provide a profit. They were plans back in 2014 or 2015 to take the company public. However, the oil burst during this time made it its impossible to consider until now. Naturally, the management at Talos energy is very pleased to see their vision come to life.
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