On February 5, 2018, Shervin Pishevar started a tweet storm that spanned 21 hours. The majority of the tweets were focused on why he feels that big companies in the United States will fall, why the US stock market will continue to go down, and why an economic disaster has the potential to lead to a new kind of economy.
Shervin Pishevar is most well-known for his involvement in Sherpa Capital. In 2013, he helped found this fund in order to serve as a venture capital company and startup advisory. He even served as a strategic advisor for Uber for a couple of years. Before his 21 hour tweet rant, the last time that Shervin Pishevar used Twitter was to let people know he would be leaving Sherpa Capital.
The 50 tweets that Shervin Pishevar sent out acknowledge unstable conditions in the United States. He talked about the stock market continuing to go down. In fact, he predicts that in the coming months it will go down an aggregate 6,000 points. He talked about underemployment and described it as a systemic economic stasis. He also warned that inflation would spread. However, he did offer a glimmer of hope. He feels that when middlemen are irrelevant, everyone will be able to enjoy a global economy that is efficient and frictionless.
These are notions that Shervin Pishevar has expressed in the past. For many years, he has fought for a more transparent society. He wants a society without as many bottlenecks on innovation.
Shervin Pishevar is one of the cofounders of Virgin Hyperloop One. He feels that this company as well as SpaceX are moonshots that will do good work. However, he has some dark predictions for a few big companies in the United States, including Alphabet, Google, and Microsoft. He feels that since these big companies are built on monopoly frameworks, they will eventually fall. If they do not completely fall, he thinks that they will lose some of their influence. This is something that he feels is good for short-term economic growth, considering the fact that big companies will no longer be able to buy out small startups.
Talos Energy is an independently ran oil and gas business. According to WorkplaceDynamics, Talos Energy was named the top workplace amongst resident small productions. In a $1.9 billion dollar merger, Talos Energy LLC is acquiring Louisiana Stone Energy Corp. The companies will then combine and be called Talos Energy Inc. The trade name in the New York Stock Exchange will be the icon “TALO”. Talos Energy Inc. has an end objective to be the leading offshore production and exploration business.Timothy S. Duncan is Talos Energy’s CEO. He believes that with the acquisition of Stone Energy, they will have more resources to accelerate Talos Energy’s development projects. The merger is thought to completely close by the early second quarter or late first quarter of 2018.
Once the union is done, Stone stockholders will keep 37% and Talos Energy stockholders will have the other 63% of the business. Stone Energy will have 4 members on the director’s board, while Talos Energy will have 10 members. According to the Houston Business Journal, the whole company is valued at roughly $2.5 billion dollars. The main headquarters will be located in Houston, Texas. Additional agencies will be found in New Orleans and Lafayette.Per the release, there will be about 136 million containers of oil with an average of 47,000 containers daily. In the Gulf of Mexico, Talos Energy will have 1.2 million gross acres. Also, the company is expected to have long-term notes until 2022, $600 million in borrowing abilities, and a $1 billion dollar credit office.Although Talos Energy has been faced with tough competition from different offshore Mexican opportunities, it still seems to be thriving quite efficiently.
In 2015, Talos Energy attained a bid in Mexico for exploration of shallow-waters. In July, partners and the energy company discovered roughly 2 billion containers at the Zama-1 well in Mexico.This top oil and gas group uses UBS Investment and Citigroup banks for financial advice. They also have several legal councils including Weiss, Vinson & Elkins LLP and Paul, Rifkind, and a couple others. Since the company did file for bankruptcy in 2016, this union is a representation of Talos Energy’s new success in its restructure.For Talos Energy, their expertise is centered on gaining assets around and in the Gulf of Mexico and the Gulf Coast regions. They have high interest in exploration, exploitation, and optimization. For 70 years, they have been improving their techniques in drilling and technology.Their team members work hard to give their best and most accurate performance. Talos Energy is supported by investment reserves joined with Riverstone Holdings LLC, Talos management, and Apollo Global Management, LLC. More information on Talos can be found at www.talosenergyllc.com.