A recent discovery of an oil reserve off the Mexican coast near Sureste Basin has oil companies excited. The nationalized Oil and Gas exploration company part of PEMEX considers the discovery one of the largest oil reserves they found in recent memory. The Zama oil discovery is estimated to produce at least a million barrels of oil over the course of a year. Projection indicates that this oil reserve could potentially yield between 400 to 800 MMbbl.Talos Energy is one of the three oil companies that are pursuing appraisal drilling with PEMEX. They believe that this oil discovery could enhance and solidify their offshore production. The discovery excites Talos Energy because of the potential this oil reserve has to produce enough oil to lower prices at home.
Talos Energy also believes that this oil exploration project could possibly help them put into practice their sustainability procedures. The challenge for Talos Energy will be to prove to PEMEX that they can handle this project successfully. This means that the suggested structure has to meet and exceed safety protocols. Other criteria for the project include drilling specifications and design protocols. It should be interesting to see what Talos Energy comes up with during this phase. The planning phase does take precedence. Talos Energy needs to examine what works and what doesn’t work in that offshore area. When they start looking into the future, they will also need to have a good estimate of yield capacity.
PEMEX is going to be looking at how well each company sustains the environment while drilling. Talos Energy is poised to answer those questions as it has a good record of safety and sustainability. Zama-1 oil well is estimated to have an oil-bearing interval of a thousand feet. This means that any oil company will have to take into consideration the depth and pressure of the existing rock. Stability will definitely be a factor in determining which of the three companies is awarded the contract. There is no doubt that this new oil discovery will give Talos Energy great opportunities for the future. It will also help improve their services.
Peter Briger is a successful investor and business owner. During his career, he has made numerous investments in different asset classes. One of the biggest reasons that clients enjoy working with Peter Briger is that he is willing to take risks. Some great financial advisors only recommend a stocks and bonds portfolio allocation. Peter Briger has investments in things like real estate and gold. He believes that a diversified portfolio is the best way to reduce financial risk over time.Peter Briger started his career working in the financial planning industry. Although he struggled to succeed, he knew that he wanted to build a great business. He began working with Fortress Investment Group several years ago. Since that time, he has increased in prominence in the industry.
Real Estate Portfolio
Peter Briger has an extensive real estate portfolio that he has built over the years. When he started working, he used a large percentage of his income to invest in real estate. He wanted to generate monthly income by renting homes to tenants. Although he made some mistakes, he has done a great job taking his income to a new level. Anyone who wants to invest in real estate should listen to his advice on the subject. Unlike many real estate investors, Peter Briger did not go massively into debt to get started investing. Some real estate investors make major mistakes with their finances by going too deeply into debt. Instead, Peter Briger took a methodical approach to his real estate investing.
Next Steps for Peter Briger
Peter Briger is a prominent financial advisor in the industry. He plans to continue creating content related to financial planning and analysis. Anyone who wants to learn from Peter Briger can do so by working with Fortress Investment Group. Although Fortress Investment Group is not a typical investment company, it has had a ton of success with clients over the years.
As of recently, professional Wes Edens has a net worth of over $1.2 billion. For many people, this is a measurement of success that can not get any better. However, for professionals such as Wes Edens, there is always room for improvement in any aspect. In fact, he shows this type of attitude in the many areas of business and investing that he is a part of. For those who don’t know, Wes Edens amassed most if not all of his fortune self-made style. What this has allowed Wes Edens to do is keep a humble mentality that continues to drive him, even though he is already one of the most successful professionals in all the business and financial industry.
Because he knows so well how his life was before he garnered all of his success, his will to stay where he currently is as a successful professional has built him a mindset that not many businesses or investing experts have to their benefit. This, along with many other contributors, has been the leading factors that have kept the 46-year-old as a distinguished leader in business. Now, as we can imagine, Wes Edens has accomplished many successes in his career. Having said that, here is more on Wes Edens and some of the career accomplishments that have made him who he is today.
Wes Edens & The Accomplishments that made him
There have been a plethora of successful contributions that have made Wes Edens a tremendous business and financial expert and professional. Putting aside his successful academic career at Oregan State University, the fact that he is the co-founder of the Milwaukee Bucks, and even the fact that he is the co-founder of the successful investment company Fortress Investment Group, and we are still left with a very successful individual in Wes Edens. More so than anything, this shows how tremendous his career has become. However, his contributions to Fortress Investment Group have stood out above his many other successes. As mentioned before, he is well-respected as a co-founder and leader of the company. In many ways, we can say that the successes of Fortress Investment Group do not come without the brilliant mind of Wes Edens. Put simply, there is no Fortress Investment Group if there is not Wes Edens. Wat he has accomplished with this alternative banking solution is incredible, to say the least. This is why it is a safe bet to say that he will continue in his successful ways.
Randal Nardone holds a Bachelor of Arts in science from Connecticut University and acquired J.D from Boston University. He is the CEO and the co-founder of Fortress Investment Group. He has been the CEO as from August 2013 and the principal from 1998. Fortress Investment Group is well recognized for running private-equity pools and also providing credit resources.Aged 55 years, Randal Nardone is in position 557 in the list of billionaires. In 2007, he graced Forbes magazines for being among the list of World of Billionaires with the estimated net wealth of $ 1.8 billion. Previously, he worked in UBS as the managing director. Earlier before he joined the Swiss banking giant, he worked as BlackRock principal in financial management.
Previously, he was a member and a partner of the management board at the law industry of Thacher Proffitt & Wood. The main reason for opening Fortress Investment Group was to help other investors. Randal Nardone had an idea of providing individuals with an opportunity for a brighter future. He knew that he wanted to make differences on the people who worked on their own. Due to the good establishment of the company, the company thrived within a short time as he remained to be an active member of the business. He was confident of his skills which made a huge difference to the employees and the clients. The company thrived, and they worked hard to give people the opportunity they needed to be successful. He felt that it was his responsibility to give business people what they want in order to succeed.
When Softbank asked about acquisition opportunities, he agreed to it.Randal Nardone wanted them to have Fortress Investment Group since it meant more chances for them. By trying things on their own, he wanted them not to struggle with all pressures that come along when running an industry on their own. By having a head company meant that they got the support they required to help them get better and grow on their own. This was his way of giving people an opportunity of trying things out on their own. The staffs feel they work with thoughtful and smart people. Currently, SoftBank Vision Fund serves nations in technologies and business. It has $36.1 assets, and it manages over 17500 customers and also private investors. Randal Nardone has also served in various senior positions such as the secretary and the vice president of Newcastle Investment Holdings LCC. He serves as the principal, COO and the CEO of Fortress Registered Investment Trust where he is also a co-founder.
He works with the largest investment group in the world; Fortress Investment Group. Peter Briger brings his experience to Fortress Investment Group. Mr. Peter has been specializing in finalizing important business deals in the financial industry. In 2002 Briger was appointed as the Principal and the co-chairman of the Board of Directors of Fortress Investment Group. Peter immediately began his duties managing the real estate as well as the securities of the organization. After few years of serving in the top alternative asset management firm, Peter was promoted to the position of a co-chairman and principle. Peter Briger made a new step and he expanded Fortress by creating a new team and he raised funds to establish Fortress Credit opportunities Fund IV. Peter continued to serve with dedication at the organization by dealing with both alternative as well as non-performing assets.
With the of Peter Briger, Fortress Investment Group is able to purchase more assets at a cheaper price. The assets acquired by the alternative investment group would later be sold at a higher price gaining profit to the group. For an extended period of time, Peter has bee able to help other organizations make big returns from assets bought as well as troubled assets from separate industries. Prio to joining Fortress Investment Group, Peter Briger was serving under the tutelage of Goldman, Sachs, and Co.Briger where he worked for 15 years and in 1996 he became a partner. At Co. Briger, Peter was privileged to be in different committee including; Global Control and Compliance Committee, Japanese Executive Committee, as well as Asian Management Committee.
After his high school graduation, Peter joined the Princeton University in 1984 and he graduated with a Bachelors of Art and he later went to study at the University of Pennsylvania Wharton School of Business where he studied and graduated with an MBA. Peter is also a leader in other organizations including; Princeton University where he has been serving as the alumni board since 2015. The board was created with a primary purpose of powering entrepreneurship. Mr. Peter is not a business person and leader at Fortress Investment Group, but he is very active in the community. He is a philanthropist and he has contributed to many organizations in his society. In 2015 together with two of his colleagues they contributed money to buy gifts and support a pilot program. Peter Briger is listed at number 407 in the Forbes richest individuals in the world.