Talos Energy Strikes Black Gold in Mexican Waters

In the Sureste Basin, off the shores of Tobasco, Talos Energy and two other private oil drilling companies have struck oil in Mexican waters. Along with Premier Oil Plc and Sierra Oil & Gas, Talos Energy began drilling the Zama-1 well in May of 2017 in order to reach the estimated 100 to 500 million barrels of crude oil that lie there beneath the Earth’s crust. This offshore basin is a unique geological location, and analysts predict a high likelihood of success throughout the operation.

What makes this endeavor so much more interesting, is the fact that this is the first time in 80 years that a private company, joint venture or otherwise, has been permitted to drill for oil in Mexican waters. Since 1938, when Mexico nationalized oil industry, exploration and acquisition of crude oil within the country was largely dominated by the government. This state run monopoly was made manifest in the form of the petroleum company Petroleos Mexicanos. Now that Mexico faces failing energy markets, they have decided to open their oil industry up to private investors.

Because this lucrative industry was never challenged by competition in Mexico, private investors, like Talos Energy, realized upon arrival that much of the infrastructure that one would expect to find already in place was, in fact, not present. This includes geologically promising locations that have yet to be tapped, as well as a lack of regulatory infrastructure one might see in countries with foreign investors. In a way, this is an ideal situation for Talos Energy and their partners, as they have found the shallow water opportunities in Mexico to be comparable to that of the U.S. waters in the Gulf of Mexico around the 1960’s and 70’s. Simply put, the oil executives have reason to believe there’s huge resource potential in these offshore Mexican basins with large quantities of oil to be found.

Coming in with a 35 percent stake in this venture, Talos Energy stands to represent the United States as one of the first private investors to gain a foothold in a sparsely exploited, energy rich environment. If successful, they stand to make countless millions of dollars and open the door for a new and thriving international market.

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Investment Strategy with Timothy Armour

Timothy Armour is one of the few financial professionals brave enough to voice criticisms of Warren Buffett’s legendary strategy for building wealth. Although Armour acknowledges that Buffett has played the market remarkably well over the decades, he notes that even his game plan has some weaknesses.

One major difference between the men’s philosophies involves actively managed funds. Whereas Warren Buffett is skeptical of their value, preferring indexed funds, Armour notes that many of the best actively managed funds have had great returns. Armour thinks this is extremely important because these days, most Americans are responsible for their own retirement savings.

Although 401ks are great instruments, there is some concern that many people don’t know how to optimize them. This is significant not only for the Baby Boomers reaching retirement age, but also for their children. Financial education is arguably more important now in American culture than ever before. Timothy Armour has seen cases of people who went from being philanthropists to needing handouts. He knows how important it is to be well prepared for upheaval.

Timothy Armour is the chairman and principal executive officer of the Capital Group Companies, Inc. Armour has built his career entirely at the Capital Group, joining the firm in 1983. Loyalty and attention to detail are watchwords with him. He takes great pride in the fact that Capital Group gets high ratings for stewardship and corporate culture. Integrity is a core value for the company under Tim.

With his unique mixture of compassion and hard-nosed business savvy, Armour continues to lead the Capital Group toward increasing success. His career was made as an analyst of telecommunications and US Service funds. With great communication skills and a keen knowledge of how to interpret research, he is one of the best performing executives in the industry. A graduate of Middlebury College, Timothy Armour resides in Los Angeles.

About Tim Armour : www.thecapitalgroup.com/us/about.html