Tim Duncan, chief executive of Talos Energy, had been working for months on a merger with failing company Stone Energy when the floodwaters of Hurricane Harvey wracked his neighborhood of Kingwood, Texas. Knowing that the flood could not stop all the progress he had seen, Tim rescued his family from the rising waters and found refuge with his parents in a safe, high and dry location in the city.
It was from his mother’s dining room table that Tim would get the $2.5 billion completed. It wouldn’t be until may that the Talos Energy’s stockholders would see a ticker change for the company, now showing under the listing “TALO.” Though Stone Energy was a failing entity, It came with a low-risk balance of $700 million in debt to $2.3 billion in assets. Since Stone Energy was a public company, the merger gave Tim the opportunity to make Talos a public entity as well without taking any money from the public. Transforming the company in this way was especially crucial for the city of Houston because of the damage Harvey left in its wake.
Equity shareholders of Mr. Duncan’s company can find peace of mind in his seemingly reckless decision making, by looking at his robust body of work. Much of what Tim does is lie in wait for other companies to fall by the wayside and scoop them up for pennies on the dollar. Once he has acquired ownership of these companies, as he did with Stone Energy, he begins drilling new wells in hopes of striking natural gas and oil. Talos Energy has a promising future in the Gulf of Mexico as the company has hit a 1,000 foot this layer of sandstone that has been soaked through with oil. The estimated amount is upward of 2 billion barrels, and the company expects that oil will begin to flow in roughly five years. Tim Duncan is not a man that stands down against adversity; he rises to the challenge every chance he can, and it often comes out benefitting those who choose to purchase an equity share in the companies Tim runs.
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Michael Burwell is a CPA who proudly graduated from the University of Michigan with a Bachelor of Arts in Business Administration. After graduating, Michael went on to work for Pricewaterhouse Coopers LLP.
Michael Burwell is a man who is renowned in the world of business, especially in his sector and many more. His 31 years of experience gives him the freedom to feel proud of what he has done so far. Scandals are not in style of Mr. Burwell and he has been seen as a trustworthy co-worker and a partner in a number of companies and institutions.
Being an early bird, Michael is the type of person that doesn’t allow time to be wasted. Interesting fact is that is not commonly known is that he is a great supporter of a healthy lifestyle, which is why he uses his bike to commute to his office. Commuting time is not a time to be wasted, so he uses it to think about the goals and results he has made and will make in the months to come. This is advice that is beneficial to all of us, no doubt! Some of the most successful people in the world are people who understand time management and its relationship to productivity. There are opportunities to be productive at almost any time of the day. Commuting time can be a bit dull, why not follow his example? See This Article for more information.
Fond of technology and a person who uses a computer on a daily basis, Michael believes that our greatest achievements are yet to come thanks to it. Supporting his fellow co-workers and greeting any idea with great respect makes him feel good, so Michael does his best get their evaluation and approval among colleagues.
Overall, there is one thing that almost everybody agrees with. The concept of micro-communities is getting more and more present, which is why Michael Burwell believes that in the future we will witness a great expansion of such social organizations. There is no lack of technology even there, so this is the time to prepare. Many small countries, that represent these communities on a large scale, support technology development and every successful businessman knows that marketing and internet are a crucial part of business these days. Inclusion in the new era is closely related to computers and technology, so why not agree with Mike on this!
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