peterquinnvet
3年前
This French oil and gas supermajor is up more modestly than Chevron this year, but it was still up more than 7% as of Friday's close, well outperforming the market.
Half of eight analysts recommend investors hold the stock, but 37.5% have it rated as a "buy" and 12.5% have it rated as a "strong buy," according to Webull. Their price targets range from $56 to $81. The stock closed Friday at $54.70.
TotalEnergies earned $5.8 billion in the fourth quarter, more than six times what it earned in that period of 2020.
Prior to the Russian invasion of Ukraine, the company said oil prices could remain high depending on production decisions by OPEC and its allies and oil production in the United States, which has been a key producer in recent decades as fracking has unlocked new reserves.
TotalEnergies has been working to bulk up on its renewables production, with more than 16 gigawatts of renewable generation capacity expected to be in operation by the end of this year.
https://money.usnews.com/investing/stock-market-news/articles/hot-stocks-to-buy-right-now
conix
5年前
Total Has Nearly 50% Upside Potential Over The Next 2 Years
Jun. 24, 2020 9:16 AM ET|
About: TOTAL S.A. (TOT)
Aristofanis Papadatos
Summary
Total has rallied 50% off its recent bottom, but it still has nearly 50% upside potential over the next two years.
Total has promising growth prospects and offers a 7.5% dividend yield.
Even if the pandemic takes a turn for the worse, Total is by far the most resilient oil major thanks to its unmatched integrated business model.
Total (NYSE:TOT) has rallied 50% off its 20-year low, which was posted in March amid the sell-off caused by coronavirus. However, the stock is still trading far below its level in the beginning of the year, before the coronavirus crisis, and is significantly undervalued. As a result, Total still has nearly 50% upside potential over the next two years.
OTCpicks1
5年前
$TOT Freeport LNG terminal ships first commissioning cargo
The Freeport liquefied natural gas project in Texas has shipped its first commissioning cargo, the company says, as 150K cm of LNG was loaded on board the tanker LNG Jurojin and left the Freeport LNG export terminal yesterday.
The first cargo loading brings the project closer to the start of commercial operations, which is expected later this month.
Japan's Osaka Gas and JERA Co., a joint venture between Tokyo Electric Power and Chubu Electric Power, will each lift half of Train 1's total contracted capacity of 4.64M mt/year once commercial production starts.
Total (NYSE:TOT) has completed its $800M deal to buy Toshiba's stake in Freeport LNG and will buy 2.2M mt/year of liquefied natural gas for 20 years.
eFinanceMarkets
7年前
$TOT France drafts law to end oil and gas production by 2040
France's government drafts legislation to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so.
Under a draft presented to the cabinet, France will no longer issue exploration permits and the extension of current concessions will be gradually limited until they are phased out by 2040, when the country plans to end the sale of gasoline and diesel vehicles.
The law could affect companies such as Total (TOT +1.2%), which although it has discontinued oil exploration in mainland France, has permits to explore in overseas territories such as offshore Guyane Maritime in French Guyana.
The scant amount of hydrocarbon production in mainland France takes place mostly in the Paris Basin and Aquitaine Basin, where Vermilion Energy (VET +0.8%) operates several permits.
eFinanceMarkets
8年前
$TOT Pessimism is pervasive at the World Petroleum Congress
It could easily take until the end of the decade for better times to return to the oil industry that already has endured a longer than expected slump, Total (TOT -0.1%) CEO Patrick Pouyanne and Weatherford (WFT +2.2%) CEO Mark McCollum tell the World Petroleum Congress in Istanbul.
“Lower for longer is the new normal," with exploration slowing and producers outside U.S. shale areas not increasing their spending, says Baker Hughes (BHGE -0.3%) CEO Lorenzo Simonelli.
Dinesh Kumar Sarraf, chairman of India’s state-run Oil & Natural Gas Corp., says companies must even be prepared for a “lower forever oil price” - Brent crude currently trades for ~$47/bbl, less than half the level of three years ago.
"We have to remain very disciplined about spending and not assume that the price will go up," says BP's Bob Dudley, but "it's lower for longer, but not lower forever."
The most optimistic tone, at least for the longer term outlook, may have been struck by Halliburton (HAL +1.3%) Senior VP Mark Richard, who believes that sooner or later the market will catch up with the decline in spending.
eFinanceMarkets
8年前
WSJ: Total CEO sees electricity sales as key part of company's future
Betting that demand will peak in the next few decades, Total (TOT -0.1%) CEO Patrick Pouyanné tells WSJ he wants to turn the company into one of the world’s biggest suppliers of electricity, or what he calls “the energy of the 21st century.”
More than any other oil major, TOT sees electricity as a hedge against oil’s eventual decline, and the CEO sees a large piece of its business eventually selling electricity to homeowners and businesses, some generated by natural gas it has extracted and some from solar panels and battery packs.
By 2035, Pouyanné says 20% of TOT’s energy output will be low-carbon energy such as electricity from renewable sources like wind and solar; the company recently created a “gas, renewables and power” reporting segment, which in 2016 earned ~5% of TOT’s $9.42B net operating income.
Pouyanné says TOT remains “first an oil and gas company,” but that some investors feel the company needs a diversification plan if governments and the public increasingly demand cleaner energy, and "we are trying to bring them some answers."
eFinanceMarkets
8年前
Qatar diplomatic cutoff causes no immediate impact on energy sector
Crude oil prices are volatile after Saudi Arabia, Bahrain, the UAE and Egypt break diplomatic ties with Qatar, accusing the country of backing terrorism activities; U.S. crude -0.9% at $47.23/bbl, Brent -1% at $49.44
and natural gas -0.2% at $2.99.
Market participants will be watching to see if OPEC member Qatar attempts to disrupt the oil production deal, but the country is not a major oil producer, accounting for ~2% of OPEC’s output and shipping 618K bbl/day in April.
However, Qatar is the world’s largest exporter of liquefied natural gas, last year shipping 77.2M tons of LNG, equivalent to one-third of global supply, and only Russia and Iran have more proven gas reserves.
The dispute has not caused a direct impact on the regional energy sector so far; gas supplies reportedly are continuing from Qatar through the 3.2B cf/day Dolphin pipeline, a joint venture uniting UAE state-run Mubadala,
Total (NYSE:TOT) and Occidental Petroleum (NYSE:OXY).
eFinanceMarkets
8年前
Total to invest $1.7B to expand Texas petrochemicals business
France's Total (TOT +1%) announces plans to build a new $1.7B ethane steam cracker in Port Arthur, Tex., alongside its refinery and existing steam cracker, plus a new polyethylene plant in Bayport, Tex.
TOT says the engineering, procurement and construction contract for the ethane steam cracker has been awarded to CB&I (CBI -0.4%).
TOT says it wants to take advantage of the current "business-friendly environment" in the U.S.; it says the venture, which depends on regulators' approval, would start in 2020 and create at least 1,500 local jobs.
BottomBounce
9年前
$AMRS Amyris has partnered with $TOT TOTAL to develop renewable diesel and jet fuels designed to be optimal transportation fuels.
Building on our Biofene hydrocarbon building block, the renewable fuels we developed with Total, one of the leading energy companies in the world, delivers energy density, engine performance, and storage properties comparable to the best petroleum fuels.
Amyris is currently renewable diesel in metropolitan areas in Brazil and our renewable jet fuel with our partner TOTAL around the world.
https://amyris.com/products/fuels/