Talos Energy (TALO) Price Target Update - Mar 14

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dan_s
Posts: 33205
Joined: Fri Apr 23, 2010 8:22 am

Talos Energy (TALO) Price Target Update - Mar 14

Post by dan_s »

From Roth MKM Partners
We rate Talos Energy (TALO) a Buy based on its improving balance sheet, high oil cut, low
production declines, below average valuation, and material potential upside from its carbon
capture business. Price Target $26
Leo Mariani, CFA, Managing Director

There is nothing in my $29.00 valuation of TALO for their carbon capture business because I don't expect it to generate any operating cash flow in 2023 or 2024. I do think carbon capture & sequestration (CCS) will draw a lot of investor attention. Riley Exploration Permian (REPX) also has CCS potential upside.
Dan Steffens
Energy Prospectus Group
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