Sahm Adrangi, the credit and bonds giant Read more

Sahm Adrangi, the credit and bonds giant

In a recent interview, Sahm Adrangi a former wall street bond trader now hedge fund analyst revealed that his hard work and his ability to click and blend in easily with people is what got him to where he is currently. Adrangi’s kick-started career at Merrill Lynch’s Credit desk where he was working as an intern. Here he was able to cement his career and like stated earlier his socializing skills are what enabled him to stay three more years with the company this time on the bond desk where his role was trading credit. The skills he earned while on this desk are what acted as a foundation for his success. Sahm then moved on to Longacre and later to Paulson & Co credit team. Here he managed to make approximately six billion dollars through shorting mortgage bonds. Sahm is currently owned his hedge fund known as Kerrisdale Capital and is an author who releases publications regarding matters bonds and trade. Some of his works include The Pebble deposit isn’t commercially viable which has helped many companies move up the market.

About Sahm Adrangi

Anyone who is involved in trading bonds is undoubtedly acquainted with the name Sahm Adrangi. He is a man of many titles as he has ventured in one too many fields and has worked with a diverse number of companies in the banking and financial sectors such as Paulson & Co, Longacre, and even as a creditor advisor at Chanin Capital Partners. His services at Chanin were quite efficient and very much needed as he helped represent the debt holders and even bankrupt companies. Prior to the company, Adrangi also worked with Deutsche Bank where he also left quite a mark due to his expertise. Today, the thirty-three-year-old man owns his firm known as Kerrisdale where he uses his skills to expose fraudulent companies which tend to take advantage of their clients unknowingly. Sahm can achieve that by shorting them, and some of the firms which he has successfully exposed include China marine food group among many others. He is a Yale University graduate and holds a BA in economics from the institution. He is apparently a jack of all trades as he is an author known for his research publications which he helps spread knowledge regarding current and future stocks, he is a speaker and also plays the role of an activist in investments.

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Oil Industry Reforms in Mexico Read more

Oil Industry Reforms in Mexico

Mexico has recently moved a step ahead by allowing foreign competitors to be part of its energy markets. A private firm has sunk a new offshore well in Mexican waters for the first time in eight decades. Talos Energy, Premier Oil Plc., and Sierra Oil & Gas started drilling the well on May 21st as reported by Premier last week. Talos Energy is based in Houston. Premier Oil Plc. is located in London while Sierra Oil & Gas is found in Mexico. The three energy companies had joined efforts to drill the first offshore exploration well since 1938 when the country nationalized its oil industry. The project will be launched by Petroleos Mexicanons, a state-run monopoly.

The Zama-1 well is located in the Sureste Basin, which is the Tobasco state. Premier noted that the well has a capacity of estimated 100 to 500 million barrels of crude. In the statement, Premier said that the drilling would be completed within 90 days, which will cost $16 million. The report indicated that the Premier would shoulder the drilling cost. The three energy firms won rights to the project in 2015 during the first round of bidding. The bidding took place when Mexico voted to open its oil industry, which was not doing well at the time to private investors.

The drilling is part of the energy reforms taking place in Mexico. It is the first non-Pemex well being drilled since the country opened up waters; therefore, all eyes are on it. Elaine Reynolds is an analyst at Edison Investment Research Limited, which is based in London. Reynolds said that the project has high geological chances of success because of the basin’s structure. Charlie Sharp noted that the project was one of the investments to look out for because of the implications it has on the Mexican market. Charlie is an analyst at Canaccord Genuity Ltd.

About Talos Energy

Talos Energy is a privately-owned upstream oil and gas firm. Its primary goal is the exploitation, exploration, and acquisition of oil and gas properties focusing on Gulf Coast and the Gulf of Mexico. It receives investment funds from Talos management, Apollo Global Management, and Riverstone Holdings LLC.

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