Michael Sell's questions to Talos Energy Inc (TALO) leadership • Q3 2024
Question
Michael Sell of Stifel asked about potential changes to company strategy with the new CEO search, particularly regarding the stock's valuation disconnect, and requested directional guidance for 2025 production.
Answer
Interim President & CEO Joseph Mills explained the board seeks a seasoned executive with deepwater and international experience to pursue larger targets, viewing it as an 'advancement' of the current strategy, not a material change. For 2025, he projected production to be 'flat to up,' while noting the company has flexibility to reduce discretionary CapEx in the second half of the year if commodity prices soften.