SahmAdrangi is not the typical hedge fund manager. He is the creator of Kerrisdale Capital, which is a fund that is oriented toward research. Kerrisdale, as well as Sam Adrangi, covers sectors such as biotechnology and aviation. The fund has made a total of 48+ investments, and they have openly published all of investments on the company’s website. This reflects the investor’s commitment to openness, and is also a great source of ideas for individual investors.
An Accomplished Chief Investment Officer
SahmAdrangi serves as the firm’s Chief Investment Officer. This makes him involved in all aspects of running the firm, as well as managing the investment portfolio. He created the firm in 2009, and did so with under $1 Million, which grew to a value of $150 Million under management by July 2017. As Chief Investment Officer, SahmAdrangi has also made activist investments and openly publishes his research.
Focused Heavily on Short Sale Investments
Many of the investments that the firm has made have been short sales. The company has also made investments in Chinese companies, seeing China as being a huge source of potential economic growth. He has also shorted Chinese companies known for fraud, such as the China Marine Food Group. These companies have also been targeted by the SEC for enforcement of securities laws.
Focused on Developing Expertise in Biotechnology
SahmAdrangi is also focused on developing expertise in specific areas. Biotech is a huge focus for the firm, along with being involved with capital allocation for a corporation. He began his career in credit, and has also spent a great deal of time working at hedge fund where he was responsible for working with distressed debt. Developing exposure to the biotechnology industry has been a huge benefit for Adrangi’s desire to focus.
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After 80 years, Mexico is finally allowing a private partnership to drill for oil off its shores. On May 21, 2017 a joint venture involving Premier Oil Plc, Talos Energy LLc and Sierra Oil and Gas began drilling for oil in the state of Tabasco in the Sureste Basin. This site is known as the Zama-1 well.
Premier Oil is a London-based company and they have a 25% stake in the venture, while Talos Energy, a Houston based company has a 35% stake. Mexico’s Sierra Oil and Gas has the largest in the venture with a stake of 40%. In 1938, Mexico nationalized all its oil reserves, oil refinery facilities and took over foreign owned oil companies in the country. The country adopted the pronouncement made by President Lazaro Cardenas in the 1917 Constitution, which stated all oil mineral and reserves found in Mexico belonged to Mexico.
This venture was the first step taken to reject that earlier decision. All three of the companies won the right to prospect the site in 2015. It will cost Premier up to $16 million to drill, but the site is projected to have a “high geological chance of success“. The drilling is currently projected to last for 90 days.
Pemex has been the sole Mexican Oil company since it was created in 1938 to expropriate the foreign oil companies and take over all drilling in Mexico. Pemex operated as the second largest non-publicly traded company in the world, second to Brazil’s national oil company, Petrobras. As of 2010, Pemex was worth one fourth of Mexico’s total net worth.
Talos Energy is one to the companies breaking the Mexican hold on foreign drilling. This private company is a Houston-based oil and gas company that focuses on offshore drilling in the Gulf Coast and the Gulf of Mexico. As per their third quarter financial report, Talos Energy produced 28.7 thousand barrels of oil per day and has earned a $100 million in revenue.
Talos Energy and its two partners are the first private enterprise to ever drill in Mexico’s waters. The Zama-1 well is expected to yield up to 1.4 to 2 billion barrels of oil. If this effort is successful perhaps Mexico will see fit to continue allowing private companies to drill for oil so that everyone can benefit.
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Mexico is silently seeing a silent revolution of oil exploration and refining in the recent years with the privatization of the energy sector. Long heard the playground of government firms – especially Pemex – Mexico allowed access to private and foreign players into the industry in 2015. The first major movement came from a consortium led by Talos Energy as it began the process of offshore drilling on May 21, 2017. Talos Energy from Houston joined hands with Premier Oil Plc, London and Sierra Oil & Gas from Mexico and formed a consortium to bid the project.
The well is named as Zama-1 well is located in the Sureste Basin near Tabasco State, and it is expected to generate 100-500 million barrels of oil. Interestingly, the drilling was expected to complete over a period of three months at an expense of $16 million. The consortium won the rights in 2015 during the first round of bidding process after the Government of Mexico decided to open doors for the private players.
Interestingly, the industry experts are keenly watching the outcome of the drilling as everyone expects the private players like Talos Energy would revive the petroleum and energy industry of the country. The initial analysis and structure of the basin point towards higher ecological chances of success. Considering the importance of the industry, Zama can make a deciding factor for the economy of the country as well. In the consortium, Talos Energy holds 35% stake, Sierra, 40%, and Premier, 25%, Premier confirmed in a recent statement.
Talos Energy is an oil exploration firm that looks for opportunities of possible investments in Gulf Coast and the Gulf of Mexico. The company is backed by a number of investment funds from Riverstone Holdings LLC, Apollo Global Management, and more. The firm was founded in the year 2012 with an investment of $600 million in the form of equity.
Interestingly, in the initial year, Talos Energy produced over 16,000 barrels of crude oil per day. In 2013, it acquired Energy Resource Technology GOM – an oil and gas firm of Helix Energy Solutions. Since then, Talos Energy displayed consistent growth in the market with added oil wells, exploration, business, and revenue.
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The real estate sector is considered to be one of the most profitable in the market. Individuals who invest in this department make a lot of wealth. The Brazilian economy is growing, and it has attracted investors in the real estate department. At the moment, there are millions of people who are coming into the country so that they can construct houses and purchase land in the prime areas. There are some prominent businessmen who have decided to invest in department, and Jose Aurelio Neto is one of them.
Jose Neto has been in the real estate department for the longest time, and he is proving to everyone that he has everything needed to make a great investor in real estate. At the moment, Jose Aurelio is serving as the chief executive director for one of the largest real estate companies in Brazil, known as JHSF. The company has been growing under his great leadership, and it has opened several branches in several areas in Brazil.
Under leadership of Jose Aurelio Neto, the private real estate company has designed several residential and commercial properties. Most of the company projects are based in Brazil while others are found abroad. The company projects are designed by professionals who understand the needs of the modern customers, and this is why they come up with the best designs.
Jose Aurelio has a great educational background and this is most probably one of the greatest reasons he has turned out to be very successful. According to his resume, Neto went to acquire his university studies at the prestigious FAAP University where he got his skills in the real estate world. Neto’s family background has been influential in his successful career. His father was a real estate guru, and he passed his knowledge to his son. The expertise he has portrayed has brought the company where it is at the moment.
To Learn More : www.guiainvest.com.br/mural/jhsf3.aspx
Tony Petrello has been in Nabors Industries since 1991. He was elected to join the Nabors Board of Directors the same year and also joined the Executive Committee of the Board. So how did he join Nabors? Where was he before Nabors? The influential leader is a graduate of Yale University and Harvard University. He has a background in Mathematics though he changed from Mathematics to Law where he studied at Harvard. He began his career in 1979 where he started off at Baker & Baker McKenzie. He rose to become a Managing Partner.
He, later on, joined Nabors Industries in 1991 and became the Chief Operating Officer. He became the President in 1992. His tremendous achievements saw him become the Deputy Chairman of the same company from 2003-2012. Since 2012, he took up the role of Chairman of the Board at Nabors Industries. Nabors Industries was founded in 1968 and is involved in drilling services. It offers its services globally and has grown to become one of the largest oil drilling companies. The company’s operations are in onshore and offshore drilling. It manufactures drilling equipment and comes up with the advanced software involved in rig reporting. Its employee base has grown tremendously to over 27,000 employees.
Through Petrello’s administration, the company has been able to operate in 25 countries all over the world. In 2014, he was among one of the highly paid CEOs in the US. Being a leader calls for making tough decisions and being able to figure out ways to the success of the company. For Petrello, he has been a strategist who has been able to facilitate the achievement of Nabors. His selfless nature is evident in his contract at Nabors. 80% of his income is based on the company’s revenue which means that if the sales decline, his salary also declines. His company has been able to create more jobs. Nabors has over 1050 rigs that have created employment opportunities for over 100,000 people. His humble beginnings have made him accomplish what he has today as he has worked tirelessly to achieve all he has.
Some of the most significant deals Nabors has had was in 2010 when it purchased Superior Well Services at $735 million. 2nd June 2017 saw Nabors sign a Memorandum of Understanding with Gazprom, a leader in the Russian Oil Industry. The company has also been involved in the acquisition of Robotic Drilling Systems which is a drilling company based in Norway.
Read More : https://gazetteday.com/2017/07/the-real-story-behind-anthony-petrellos-success-as-ceo-of-nabors-industries/