Greta Drek's questions to Talos Energy Inc (TALO) leadership • Q3 2024
Question
Greta Drek of Goldman Sachs inquired about the M&A outlook in the Gulf of Mexico for both Talos and the broader industry, and asked about the company's appetite for further debt reduction versus other capital allocation priorities.
Answer
Interim President & CEO Joseph Mills noted that the administration's financial assurance plan has had a 'chilling effect' on M&A but hopes for a rollback. He stated Talos will focus on high-impact asset acquisitions rather than large corporate takeovers. EVP & CFO Sergio Maiworm added that the near-term priority is repaying the revolver by year-end, after which the board will weigh other options like share repurchases against investment opportunities.