Talos Energy to offload 49.9% stake in Mexican unit to Grupo Carso subsidiary [Yahoo! Finance]
Talos Energy, Inc. (TALO)
Last talos energy, inc. earnings: 3/11 06:00 pm
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Source: Yahoo! Finance
Grupo Carso is the retail and industrial conglomerate controlled by billionaire Carlos Slim. The Mexican subsidiary holds Talos Energy's 17.4% stake in the Zama oil field in the southern Gulf of Mexico. As per the terms of the agreement, Zamajal will pay $74.85m (1.3bn pesos) at the closing of the deal while the remaining $49m will be paid when production commences. Talos president and CEO Timothy Duncan commented: "We are thrilled to partner with Grupo Carso. Our relationship dates back to the 2015 offshore lease sales in Mexico. As we accelerate recent momentum and advance Zama toward FID [final investment decision] and first production, we are confident that Carso is the right partner at the right time. “Carso's investment is a testament to the economic potential of Zama, and the joint venture will also benefit from Carso's critical presence in Mexico and global commercial experience. We are excited about this broad partnership in Mexico." The deal values Talos' stake in
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TALO
News
- Talos Energy Sells Additional Stake in Zama to Grupo Carso; Enters into a Cooperation Agreement with Control Empresarial and Terminates Stockholders Rights Plan [Yahoo! Finance]Yahoo! Finance
- Talos Energy Sells Additional Stake in Zama to Grupo Carso; Enters into a Cooperation Agreement with Control Empresarial and Terminates Stockholders Rights PlanPR Newswire
- Talos Energy Inc. (NYSE: TALO) had its price target lowered by analysts at Mizuho from $16.00 to $14.00. They now have an "outperform" rating on the stock.MarketBeat
- Talos Energy Inc. (NYSE: TALO) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $12.00 price target on the stock.MarketBeat
- Talos Energy Inc. (NYSE: TALO) had its price target raised by analysts at Citigroup Inc. from $12.50 to $14.50. They now have a "buy" rating on the stock.MarketBeat
TALO
Earnings
- 11/11/24 - Beat
TALO
Sec Filings
- 12/18/24 - Form SCHEDULE
- 12/18/24 - Form 25-NSE
- 12/17/24 - Form 8-A12B/A
- TALO's page on the SEC website