Business

Talos Energy is Part of a Triumvirate Making History in the Mexican Oil Industry

by BayAreaMan on

Talos Energy is focused on the Gulf of Mexico and the Gulf Coast. They bring a tremendous range of expertise to bear on their projects and an intensity in optimizing assets that few oil companies can match. Their offshore production and exploration efforts are greatly enhanced with their three-dimensional mapping which incorporates the latest technology to document seismic pictures.

In recent news, Talos Energy has partnered with two other companies to make history. They have drilled a private well in Mexican territorial waters after winning a round of bidding for the project. The Mexican government has authorized foreign investment in their oil industry for the first time in 80 years. Premier Oil Plc, which is London-based and Mexico’s Sierra Oil & Gas also participated in the historic project. The Mexican oil industry was nationalized in 1938 and all operations were accomplished by Petroleos Mexicanos.

The well is called Zama-1 and is located in the Sureste Basin near the state of Tabasco. It is estimated to hold 100-500 million barrels of crude and will provide a critical capital infusion into the Mexican oil industry to help it modernize and become more efficient.

Elaine Reynolds, an analyst at Edison Investment Research Ltd. in London, has stated the industry will watch with great interest as the results of the drilling are made known. From a geological standpoint, she believes there is a strong chance of success. Talos Energy will operate the well and controls a 35% stake in the project. Sierra will hold 40% and Premier will own 25%.

Tim Duncan is the CEO of Talos Energy and believes the successful drilling will indeed lead to local jobs and more revenue for the Mexican government. A spirit of ingenuity is also at work, according to Duncan and he relays the sense of urgency that a company like Talos can bring forth in a successful project like Zama-1.

Talos Energy is an independent operator and they access geologic information that involves 3-D seismic data. This data covers 33,000 square miles in the Gulf of Mexico and onshore in South Louisiana. This sets them apart as a company along with the great depth of technical abilities that their staff brings forth in utilizing this important data.

Their Facebook Page: http://www.talosenergyllc.com/about-us/

Are Low Cost Index Funds Always The Right Answer?

by BayAreaMan on

In 2008, Warren Buffett wagered $1 million that his pick of a low cost S&P 500 Index fund would outperform five funds chosen by money management firm Protégé. The winner will be declared in 2018 after 10 years, and the money will be donated to charity.Timothy Armour, chairman of Capital Group, believes that although Buffett is a wise investor, carefully selected funds chosen by seasoned hedge fund managers will outperform low cost index funds in the long run. Even though low cost index funds seem like a good idea during a bull market, when the market faces a downturn these investors will be left more vunerable. The reality is that noone is able to predict the direction of the market at any given moment.

On July 28, 2015 the Board of Directors of Capital Group announced the election of Tim Armour as their new Chairman. This was a significant promotion from his previous position as Chairman of Capital Group’s management committee and Capital Research and Management Company. Jim Rothenberg, the former Chairman had passed away. Armour holds a bachelor’s degree in economics from Middlebury College and 32 years of investment experience.

Tim Armour believes that the strategy to “find active managers who earn their keep”, involves working with managers who consistently research the companies they invest in and invest their own money in the funds they recommend to their clients. His argument on why hedge fund are better than index funds is mainly due to the lack of control an investor has in an index fund.The chief of Capital Group has also commented on how the surprise election of Donald Trump as the President of the United States will impact the market. The interest rate has been dropping for his entire career, he says, and therefore he believes that it has reached the bottom and we should expect them to climb going forward.

Madison Street Capital: Experience for International Financial Advising

by BayAreaMan on

 

Madison Street Capital advises businesses about corporate finances. They work with companies that are both privately and publicly owned. This business believes in professional service, strong leadership, excellence, and integrity. Since the business of corporate finance depends on correct timing, Madison Street Capital strives to have a quick response to opportunities. They can use their knowledge and experience to put the right buyers and sellers together. With every situation a client has, Madison Street Capital can tailor a strategic plan for financing and capitalization.

Corporate finance is multi-faceted. It is composed of deal structuring, market pricing, due diligence, and mergers/acquisition. Companies also need to understand how to implement various exit strategies. Madison Street Capital has the experience and skill that can deal with all of these issues.

Hundreds of clients have reached their goals, thanks to help from Madison Street Capital. Since they have the financial experience that companies need, they have become one of the top providers of financial advisory services. They have offices over the world and display a global view for businesses and networks.

Madison Street Capital has a wealth of expertise. They have a corporate advisory system that includes capital restructuring, mergers/acquisition, and reorganization services. They can also assist in ESOP advisory, bankruptcy, buy-out, private placement, and corporate governance. The company advises clients about tax compliance and company valuation.

Financial reporting valuation is another important component of this consultation. It includes goodwill and intangible asset impairments. Madison Street Capital also works with structured finance products and share-based compensation. Financial opinions are offered concerning solvency/capital adequacy and independent third party fairness opinions.

The company specializes in companies who are in the asset management business. They advise on mergers/acquisitions and restructuring services. Companies will also get their advice about portfolio valuation and financial sponsor coverage. Madison Street Capital can show companies how to build wealth, plan their taxes, and compose a business exit plan.

Many different types of industries have been helped by Madison Street Capital. This company appreciates the uniqueness of each client. This is why they customize their recommendations and analyses. It was founded in 2005 to offer special financial services advisory. They have offices in North America, Asia, and Africa. Madison Street Capital’s reputation is paramount to them. They strive to give the best services to all of their international clientele.

Desiree Perez and the Tidal Explosion

by BayAreaMan on

 

People that go to the Tidal website will quickly notice that the albums that are on the front page of the website are streaming exclusively. Beyoncé has done this before. Damian Marley has done the same with this “Nail Pon Cross” album. The same goes for Kanye West and other artists like James Vincent Morrow. This is all a part of the path that Desiree Perez has carved out for Tidal and this ultimate checkmate move in the music streaming chess game that adversaries are engaging in.

Desiree – who has become referenced over much of the web as Dez – is the unofficial best kept secret for Tidal. She is doing what no one else can do. She is making sure that people are aware of what Tidal is about by helping Jay-Z get the word out about exclusive content. This is huge. When a businesswoman like Desiree is able to connect with artists and get them to consider releasing exclusive Tidal content this is a big deal.

Tidal has become the site that people go when they want that exclusive content. Desiree Perez was the one that made Jay-Z see this angle and the good that could come out of it. At one time Jay-Z seemed to have a music streaming service that just fit into the same category as everyone else. This would have been fine if it wasn’t for the fact that the market was already saturated. No one would be interested in yet another music streaming service. It would not make sense for him to compete this way. The only way that he could win the war and gain leverage was by putting the business in a different category. Dez Perez would help him achieve this type of goal.

Desiree seems to know how to get people to consider Tidal when they were not going to consider it before. This makes it seem like there is a big explosion for Tidal, but the reality is that this app has been brewing for a while. The high fidelity music that is marketed here is something that is among the best on the web. People that care about quality when they are streaming are going to want to visit Tidal. This is another aspect of the exclusive package that is presented here. Dez Perez has helped Jay-Z work the angles and capitalize on luring more new customers.

Understanding the Diverse Roles Played by Hotelier Andy Wirth

by BayAreaMan on

Most people normally find it difficult to balance different roles. It requires one to have an unmatchable multitasking ability in order for him or her to play numerous roles at the same time. Andy Wirth has however managed to play his corporate, philanthropic and public service roles with unparalleled gait, which has incessantly left observers wondering how he manages to amicably create time for each activity.

Andy’s Corporate Role

He is the founder and Chief Executive Officer of Squaw Valley Ski and Alpine Meadows, which are favorite skiing destinations in North America. Since their formation, he has been pivotal in marketing them and the surrounding areas as the go-to skiing spot. Learn more about Andy Wirth: http://www.sierrasun.com/news/business/17254546-113/squaw-valleys-andy-wirth-appointed-chair-of-reno

The Colorado State University and Edinburg University alumnus has continuously marshaled communities living around Lake Tahoe to oppose any encroachment that poses a risk to their livelihoods. Such multilevel efforts are often aimed at making the area conducive for business and also helps boost the quality of life. Learn more about Andy Wirth: http://www.powder.com/tag/andy-wirth/

Andy’s Philanthropy

Andy Wirth has been vocal in his support for different humanitarian initiatives. Chief amongst them has been the Navy Seals Foundation. To date, he has managed to raise over 14,000 dollars for the benefit of the foundation. He is passionate about helping the Navy Seals because they played an important role in his healing process after he got injured during a skydiving accident.

Through his drive, he hopes to be not only of help to the servicemen but also to their families. Whatever the servicemen and their families go through has been one of his motivating factors.

Andy’s Board Appointment

Mr. Wirth was recently appointed to the chairmanship of the Reno-Tahoe Airport Authority alongside three other board members. This appointment was made by the Reno-Sparks Convention and Visitors Authority. Andy will be at the helm of the nine-member board that will oversee the operations at the RSCVA. Read more: Just Breathe: Andy Wirth on the Upswing in Tahoe

Andy’s broad experience in the hospitality industry in particular means he has worked with numerous airlines. Read more: Andy Wirth — KCRW

Bob Reina, Talk Fusion, and a Million Dollar Donation

by BayAreaMan on

Bob Reina is Creating a Global Conversation
Bob Reina is the Founder and CEO of Talk Fusion. Why a global conversation or a buzz? This conservation involves a one million dollar donation that Bob Reina initiated. The conversation started in the Tampa Bay area. It has turned into a global buzz and has spread around the world. Mr. Reina has indeed given back through his million dollar donation. His generosity has spread, through conversation, like a wild fire.

The Donation News is in Headlines Everywhere
This one million donation news is spreading to the headlines everywhere. This is indeed a newsworthy topic. This topic involves a one million dollar donation to the Humane Society of Tampa Bay. The donation is for the Talk Fusion Animal Health Center. This million dollar donation was given to honor the memory of Mr. Reina’s two dogs. This is for Shadow and Thunder Reina. This donation will help numerous animas in the Hillsborough Community. This is sure to set a fine example to many others across the globe.

Bob Reina is a Generous CEO
Bob Reina is an amazing Founder and CEO. His generosity and his loving nature can easily be seen. Mr. Reina has an apparent commitment to society, and this includes animals. His generous donation of one million dollars will greatly improve the quality of life for countless pets and their owners.