Roth MKM sees ‘slight positive reaction’ in Talos shares from Bloomberg report

Roth MKM analyst Leo Mariani keeps a Buy rating on Talos Energy with a $19 price target after Bloomberg reported that Environmental Protection Agency is on track to approve within days Louisiana’s bid to take the lead role in vetting and overseeing carbon dioxide storage wells in the state. The approval should allow Talo to accelerate permitting and development of its 620M metric ton Harvest Bend carbon capture and sequestration project in Louisiana, the analyst tells investors in a research note. The firm expects the stock to have a “slight positive reaction” versus peers today.