$TALO 0.55 Developing

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• @wallstengine bullish 28 eng

  Roth/MKM Upgrades $TALO to Buy from Neutral, Raises PT to $17 from $16 Analyst comments: "We are upgrading Talos Energy from Neutral to Buy and raising our target 6% to $17. We rate TALO Buy due to its solid balance sheet, nice capital returns, low production declines, and below-average valuation. TALO announced a $450-$500 million acquisition of assets in the Mississippi Canyon area of the Gulf of America from Shell plc. The acquired assets include a 50% working interest and operatorship in the Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and four associated fields, including Kepler, Ariel, Fourier, and Herschel. Average net production to TALO from these fields was 16,000 Boepd, 77% oil, in 1Q26 and net proved reserves are 23 MMBoe. TALO sees development upside at the Coulomb field in 2027 and beyond, as well as infrastructure-led exploration on the assets over time. TALO made a $42.5 million deposit on the purchase, and the acquisition is targeting a September 1, 2026, closing date, at which time TALO expects a total purchase price of $450-$500 million depending on near-term cash flows." Analyst: Leo Mariani

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