Talos Energy (TALO) Update - July 2
Posted: Fri Jul 02, 2021 6:23 pm
Last but not least. I have updated my forecast/valuation model for TALO and I am increasing my CURRENT valuation by $5 to $30 per share. If the next few quarters confirm my model assumptions, a reasonable 12-month price target is $45.
TALO closed at $16.09 on Friday, July 2.
They do have some near-term hurricane risk, but the HUGE upside they have at Zama and West Puma more than offsets the risk.
Talos should generate $100 million of FCF from operation this year and 2022 is setting up to be a break out year for this company, with operating cash flow increasing by more than $250 million to $715 million, $8.41 per share.
My updated forecast/valuation model will be posted to the EPG website on Saturday morning.
I have now updated all of the Sweet 16 valuations for my increased oil & gas price forecasts. Check out my Sweet 16 Update on Saturday mornings.
TALO closed at $16.09 on Friday, July 2.
They do have some near-term hurricane risk, but the HUGE upside they have at Zama and West Puma more than offsets the risk.
Talos should generate $100 million of FCF from operation this year and 2022 is setting up to be a break out year for this company, with operating cash flow increasing by more than $250 million to $715 million, $8.41 per share.
My updated forecast/valuation model will be posted to the EPG website on Saturday morning.
I have now updated all of the Sweet 16 valuations for my increased oil & gas price forecasts. Check out my Sweet 16 Update on Saturday mornings.