Talos Energy (TALO) shares are trading lower despite the company’s announcement of a successful oil and gas discovery at the Ewing Bank 953 well. Talos is also participating in the Sebastian prospect, which is currently being drilled. Despite these positive developments, TALO stock has seen a significant decline over the past year.
Talos Energy’s stock price took a hit on Friday after the company announced the resignation of its CEO, Tim Duncan. The news prompted a 7.41% drop in TALO shares, with Joseph A. Mills stepping in as interim CEO. Despite the leadership change, Talos reaffirmed its production and financial guidance for the third quarter and full year 2024.
