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TTA Total Se

39.315
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Total Se LSE:TTA London Ordinary Share FR0000120271 TOTAL ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 39.315 38.68 38.94 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Total Share Discussion Threads

Showing 2976 to 2993 of 3825 messages
Chat Pages: Latest  129  128  127  126  125  124  123  122  121  120  119  118  Older
DateSubjectAuthorDiscuss
12/3/2020
08:55
This price may come to look cheap?.
essentialinvestor
11/3/2020
17:23
Brent Crude Oil NYMEX 36.08 -3.06%
Gasoline NYMEX 1.11 -4.49%
Natural Gas NYMEX 1.99 +0.45%
WTI 33.476 USD -2.10%


FTSE 100
5,876.52 -1.40%
Dow Jones
23,784.72 -4.93%
CAC 40
4,610.25 -0.57%
SBF 120
3,650.58 -0.78%
Euro STOXX 50
2,905.56 -0.29%
DAX
10,438.68 -0.35%
Ftse Mib
17,895.58 +0.14%



Eni
8.05 -1.41%



Total
30.965 -1.75%

Engie
12.73 -2.15%


Bp
317.15 -3.57%

Vodafone
117.48 -3.56%

Royal Dutch Shell A
1,333.8 -2.39%

Royal Dutch Shell B
1,311.4 -2.72%

waldron
11/3/2020
13:51
MAR/30 2020
Ex-Dividend date for the 3rd 2019 interim Dividend

grupo
10/3/2020
17:26
Brent Crude Oil NYMEX 37.28 +8.50%
Gasoline NYMEX 1.16 +1.71%
Natural Gas NYMEX 1.94 +6.82%
WTI 33.67 USD +2.41%


FTSE 100
5,960.23 -0.09%
Dow Jones
24,041.34 +0.80%
CAC 40
4,713.94 +0.13%
SBF 120
3,742.38 +0.16%
Euro STOXX 50
2,910.02 -2.23%
DAX
10,475.49 -1.41%
Ftse Mib
17,969.48 -2.74%



Eni
8.165 +0.80%


Total
31.55 +1.84%

Engie
13.415 -1.94%



Bp
328.9 +3.36%

Vodafone
121.82 -1.95%

Royal Dutch Shell A
1,366.4 +3.69%

Royal Dutch Shell B
1,348 +3.31%

waldron
09/3/2020
17:07
Brent Crude Oil NYMEX 35.87 -20.76%
Gasoline NYMEX 1.17 -15.95%
Natural Gas NYMEX 1.74 -0.23%
WTI 33.071 USD -20.32%


FTSE 100
5,965.77 -7.69%
Dow Jones
24,203.44 -6.42%
CAC 40
4,796.7 -6.66%
SBF 120
3,803.71 -6.55%
Euro STOXX 50
2,976.29 -8.04%
DAX
10,625.02 -7.94%
Ftse Mib
18,715.18 -10.02%


Eni
8.1 -20.85%



Total
32.035 -13.77%

Engie
14.045 -6.02%


Bp
318.2 -19.48%

Vodafone
124.24 -9.06%

Royal Dutch Shell A
1,317.8 -17.60%

Royal Dutch Shell B
1,304.8 -18.23%

waldron
09/3/2020
07:58
ShareSale
9 Mar '20 - 07:57 - 2986 of 2986 (Filtered)


0 0 0

grupo
09/3/2020
07:53
Bernstein goes from outperformance to market performance by targeting 36 EUR.
grupo
06/3/2020
17:16
Brent Crude Oil NYMEX 46.32 -7.34%
Gasoline NYMEX 1.42 -6.99%
Natural Gas NYMEX 1.76 -2.70%
WTI 42.385 USD -8.28%


FTSE 100
6,462.55 -3.62%
Dow Jones
25,569.81 -2.11%
CAC 40
5,139.11 -4.14%
SBF 120
4,070.41 -4.11%
Euro STOXX 50
3,232.07 -4.06%
DAX
11,541.87 -3.37%
Ftse Mib
20,809.16 -3.46%


Eni
10.234 -6.69%


Total
37.15 -4.87%

Engie
14.945 -4.99%


Bp
395.2 -5.16%

Vodafone
136.62 -3.01%

Royal Dutch Shell A
1,599.2 -5.37%

Royal Dutch Shell B
1,595.6 -5.85%

waldron
05/3/2020
17:17
Brent Crude Oil NYMEX 50.81 -0.63%
Gasoline NYMEX 1.55 -0.29%
Natural Gas NYMEX 1.83 -1.82%
WTI 46.56 USD -1.64%


FTSE 100
6,705.43 -1.62%
Dow Jones
26,374.64 -2.64%
CAC 40
5,361.1 -1.90%
SBF 120
4,244.83 -1.97%
Euro STOXX 50
3,363.58 -1.49%
DAX
11,944.72 -1.51%
Ftse Mib
21,587.06 -1.64%


Eni
10.968 -1.65%



Total
39.05 -2.24%

Engie
15.73 -1.26%


Bp
416.7 -1.41%

Vodafone
140.86 +0.92%

Royal Dutch Shell A
1,690 -2.73%

Royal Dutch Shell B
1,694.8 -2.52%

waldron
05/3/2020
13:54
Equinor, Shell, Total ‘positive̵7; about suitability of Troll well for carbon capture storage
by David McPhee
05/03/2020, 11:33 am



A partnership group of Equinor, Shell and Total has announced the completion of a carbon capture (CO2) storage suitability drilling campaign in the Norwegian North Sea.

Equinor said preliminary results from the well have been “positive̶1;.

It said the purpose of the drill was to determine the suitability of the reservoir in the Johansen formation for CO₂ storage.

grupo
04/3/2020
17:25
Brent Crude Oil NYMEX 51.42 -0.85%
Gasoline NYMEX 1.54 +0.74%
Natural Gas NYMEX 1.85 +0.65%
WTI 47.03 USD +0.10%


FTSE 100
6,815.59 +1.45%
Dow Jones
26,459.1 +2.09%
CAC 40
5,464.89 +1.33%
SBF 120
4,330.02 +1.29%
Euro STOXX 50
3,420.56 +1.96%
DAX
12,127.69 +1.19%
Ftse Mib
21,865.16 +0.54%


Eni
11.152 +0.29%


Total
39.945 +1.59%

Engie
15.93 +4.56%

Bp
422.65 +1.86%

Vodafone
139.58 +4.54%

Royal Dutch Shell A
1,737.4 +0.80%

Royal Dutch Shell B
1,738.6 +1.0

waldron
04/3/2020
08:05
Morgan Stanley remains with HOLD but adjusts target from 48 to 47 EUR.
la forge
02/3/2020
17:47
Total-Occidental Deal Held Up by Ghana Tax Claim, Minister Says

Ekow Dontoh, Bloomberg News








(Bloomberg) --

A capital gains tax claim for about $500 million is holding up Total SA’s acquisition of Occidental Petroleum Corp.’s​​​​;​ assets in Ghana, according to Finance Minister Ken Ofori-Atta.

Occidental is seeking regulatory clearance for the deal and the tax bill is among matters still to be resolved, Ofori-Atta said by phone on Monday. Houston-based Occidental agreed to offload to the French supermajor the African projects acquired in its $37 billion takeover of Anadarko Petroleum Corp. in August.

While Ghana and Occidental haven’t yet reached an agreement on the tax bill, the government expects that the matter will be finalized soon, said Ofori-Atta. Ghana’s tax authority estimates Anadarko will make $2.5 billion in capital gains from the sale of the assets, he said.

“It’s an issue of seeking what’s in the sale for Ghana,” said Ofori-Atta. “It’s not any sort of a bellicose action.”

Occidental and Total didn’t immediately respond to a request for comment. Last week, Occidental said on its earnings conference call it’s continuing to work with the governments of Ghana and Algeria on the asset sales. Total Chief Executive Officer Patrick Pouyanne said last month Occidental was still in talks with Ghanaian authorities over the taxation of the transaction.

The Total deal is part of Occidental’s plan to sell at least $15 billion of assets by mid-2020 to help the company reduce the debt it took on to buy Anadarko. Occidental said in last week’s conference call with analysts that there’s increased risk to both the timing and certainty of the sale of the Ghanaian and Algerian assets.

Algerian authorities have told Occidental that state-owned Sonatrach Group has the right to preempt the transaction. Elsewhere, the purchase of assets in South Africa and Mozambique has already been completed.

--With assistance from Kevin Crowley.

To contact the reporter on this story: Ekow Dontoh in Accra at edontoh@bloomberg.net

To contact the editors responsible for this story: Andre Janse van Vuuren at ajansevanvuu@bloomberg.net, Simon Casey

waldron
02/3/2020
17:28
Brent Crude Oil NYMEX 51.90 +4.49%
Gasoline NYMEX 1.54 +3.64%
Natural Gas NYMEX 1.80 +4.10%
(WTI) 47 USD +5.32%


FTSE 100
6,654.89 +1.13%
Dow Jones
26,151.7 +2.92%
CAC 40
5,333.52 +0.44%
SBF 120
4,227.54 +0.28%
Euro STOXX 50
3,338.83 +0.52%
DAX
11,857.87 -0.27%
Ftse Mib
21,685.82 -1.36%



Eni
11.118 -0.36%


Total
39.1 +1.88%

Engie
15.135 +0.70%

Bp
411.25 +3.81%

Vodafone
133.56 -0.60%

Royal Dutch Shell A
1,716 +3.29%

Royal Dutch Shell B
1,712 +2.91%

waldron
02/3/2020
16:10
Total Is Totally Oversold
Mar. 2, 2020 9:52 AM ET|
3 comments
|
About: TOTAL S.A. (TOT)
Cash-Centered Creep
Cash-Centered Creep
Dividend growth investing, dividend investing, long-term horizon
Stocktwits
(2,362 followers)
Summary

Total's share price has been hit by the panic surrounding the coronavirus epidemic.

It has a strong balance sheet, an excellent dividend record and a durable business model.

It is currently undervalued.

Total SA (TOT) is an energy supermajor that has seen its share price tumble in the wake of the coronavirus epidemic. However, while this short-term event has dented the share price, I contend that the quality of the underlying business remains top-tier, and that a value opportunity is being presented.

Total is far from being alone in being affected by the panic generated by the coronavirus epidemic. Crude oil prices (BNO) (USO) overall have tanked more than 20% from a January high.

Crude oil is down more than 20% from a high in early January. Chart generated by FinViz.

The global economy in general, and the Chinese economy in particular, has been hindered by the epidemic, and demand for crude oil has dwindled, leading to an excess of supply. While I certainly cannot forecast when the epidemic will be contained - and its recent spread worldwide would make it foolish to even attempt such a forecast - I am confident that it will be contained eventually, and that the current panic amounts to a serious but short-term event.

The ADR for Total SA is currently trading on the New York Stock Exchange in the mid-$40 price range. Chart generated by FinViz.

This leads me to see Total as a potential value opportunity at this time. Currently, Total's sponsored ADR is trading at a share price of $43.31 with a price-to-earnings ratio of 10.51, as earnings per share (trailing twelve months) is $4.18. It also sports a dividend yield of 6.67%, which is higher than the five-year average dividend yield of 5.42%. The current P/E, meanwhile, is considerably lower than the five-year average P/E of 27.29. It seems that Total is trading at a considerable discount to fair value, which begs the question: what is fair value for Total?

To determine fair value, I will look at three different valuation methods. First, I value the firm with a P/E of 15 on the basis that this is the historical market average, arriving at a fair value estimate of $61.87 based on earnings-per-share of $4.18. Secondly, I will value the firm on the basis of its five-year average P/E of 27.29, arriving at a fair value estimate of $111.05. Thirdly, I will value the firm on its five-year average dividend yield of 5.42%, which results in a fair value of $53.47. Finally, I will average out these three estimates, arriving at a final estimate for fair value of $75.46. On the basis of this estimate, the stock is undervalued by 74%.

That Total is a viable investment trading at a discount can be gleaned from assessing the revenue and net income figures that this French oil titan has reported over the past five years.
Year Revenue (€) Revenue ($) Net Income (€) Net Income ($)
2015 129.33 billion 140.81 billion 4.59 billion 5 billion
2016 115.64 billion 125.90 billion 5.6 billion 6.10 billion
2017 132.19 billion 143.92 billion 7.65 billion 8.33 billion
2018 156.06 billion 169.91 billion 9.7 billion 10.56 billion
2019 157.47 billion 171.44 billion 10.07 billion 10.96 billion

Figures collated from Total's investor relations page and from Seeking Alpha.

Total's revenues only dipped in 2016, as a consequence of the general downturn the entire energy sector suffered in 2015-16. It has earned consistently rising revenue since then. It is important to note, however, that the net income continued to increase without impairment from 2015 onwards, not being impaired by the downturn.

That Total could post consistently rising net income figures throughout this period testifies to its excellent cost discipline and to its key competitive advantage: its highly-integrated business model. Total divides its operations into three segments: upstreaming; refining and chemicals; and marketing and services. The latter two constitute Total's downstreaming business.

Total's business model enables it to remain profitable under most, if not all, economic conditions. Image provided by The News Minute.

Upstreaming - searching for and drilling crude oil and natural gas, underground and underwater - is profitable when energy prices are high. Downstreaming - refining crude oil, purifying natural gas, marketing and distributing the products of these - is profitable when energy prices are low. By having both businesses in operation, Total ensures it is an all-weather energy investment, able to remain sustainably profitable in almost all economic circumstances.

Management's ability to extract profit from Total's upstreaming and downstreaming operations is evident from the 7.22% operating margin, and the shareholder-friendly nature of Total is evident from two factors. First, the 8.40% return on equity (trailing twelve months), and second, the dividend record. While the ADR record fluctuates, the primary stock record shows that Total has been paying dividends steadily for 35 years, either raising them or keeping them stable. Its 53.29% payout ratio and positive free cash flow of €11.5 billion ($12.52 billion) suggest that this dividend will continue to be steadily paid for the foreseeable future.

The security of the dividend is further assured by Total's strong balance sheet. Long-term debt of €42.56 billion ($46.34 billion) is dwarfed by a net worth of €106.29 billion ($115.72 billion), and total current liabilities of €62.58 billion ($68.13 billion) are more than offset by total current assets of €75.96 billion ($82.70 billion), cash-on-hand worth €24.37 billion ($26.53 billion), short-term investments worth €3.56 billion ($3.88 billion), and total accounts receivable of €16.47 billion ($17.93 billion). Total's short-term and long-term finances are solid, and this, in tandem with its profitability, should remain so over the long-term.

Looking forward, by 2030 Total aims to have reduced the carbon intensity of its emissions by 15% from 2015 levels. In tandem with the reduction of its carbon footprint, Total is also seeking to grow its renewable energy business. To that end, it has recently announced that its Total Solar International subsidiary has entered into separate deals with solar plant developer Poweritis and with Spanish firm Solarbay to develop 2 gigawatts of projects in Spain. In addition, Total also recently increased its stake in solar solutions provider SunPower (SPWR), and is the top shareholder in the firm with approximately 82.2 million shares.

In summary, Total is currently a stock that beckons value investors to "be greedy when others are fearful." The fear generated by the coronavirus epidemic has brought Total's share price down, but the fundamental business remains a solid one that will outlast the current panic, and is looking to become a bigger player in the renewables market. Its strong balance sheet, excellent dividend record and durable business model make Total a buy at its current discounted valuation.

waldron
01/3/2020
11:23
Total to take final decision on Sohar bunkering hub this year
MUSCAT, 4 hours, 12 minutes ago
Global energy major Total is expected to take a final investment decision on its plans for an LNG bunkering hub at Sohar Port - the first such facility in the Middle East - before the end of this year, a report said.

The project will add considerable value to Oman’s gas sources, a senior executive of the energy giant was quoted as saying by an Oman Daily Observer report.

This project is intended to establish Oman as a regional LNG bunkering hub capable of supplying LNG as a fuel to marine vessels.

“The Sohar project is part of a fully integrated project from upstream to downstream,” said Sophie Nasser, Business Development & Asset Management, Total. “On the upstream side, we are partnering with Shell and (Oman Oil Company Exploration & Production — part of OQ Group) to produce gas from a concession — basically two blocks (Blocks 10 and 11) which were (carved out) from PDO’s assets. The gas is from the Barik and Amin reservoirs, which are unconventional tight gas resources.”

Nasser said Total is “working hard to finalise all of the agreements” with the respective partners concerned. “Hopefully, from our side, we will take an FID before the end of this year,” she noted.

Total, said Nasser, is also working closely with Sohar Port which will host the LNG project on a piece of land that is proposed to be reclaimed from the sea.

The Sohar South Zone, she said, will have to be built first before construction commences on the LNG project.

In July last year, McDermott International was awarded a sizeable contract by Total Oman E&P Development in partnership with Oman Oil Company to provide front-end engineering design (FEED) services for the Sohar LNG Bunkering Project.

The scope of work during the FEED phase includes fully defining the onshore mid-scale LNG facilities and preparing a competitive tender for the engineering, procurement, supply, construction and commissioning phase. The global LNG bunkering market is entering a rapid growth period driven largely by the International Maritime Organization's legislation to significantly limit sulphur emissions.

ariane
28/2/2020
17:31
Brent Crude Oil NYMEX 49.71 -3.90%
Gasoline NYMEX 1.48 -2.82%
Natural Gas NYMEX 1.71 -2.57%
WTI 44.61 USD -4.68%

FTSE 100
6,580.61 -3.18%
Dow Jones
25,096.09 -2.60%
CAC 40
5,309.9 -3.38%
SBF 120
4,215.94 -3.37%
Euro STOXX 50
3,329.49 -3.76%
DAX
11,890.35 -3.86%
Ftse Mib
21,913.61 -3.89%

Eni
11.158 -5.10%


Total
38.38 -3.28%

Engie
15.03 -6.09%


Bp
396.15 -4.35%

Vodafone
134.36 -4.75%

Royal Dutch Shell A
1,661.4 -4.05%

Royal Dutch Shell B
1,663.6 -3.97%

waldron
28/2/2020
12:04
Total to Bid for Stake in $7.4 Billion U.K. Wind Farm

William Mathis, Bloomberg News








(Bloomberg) -- French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may cost more than $7 billion to develop and operate, according to people familiar with the matter.

The move is significant because it highlights growing interest from major oil companies in renewables assets. It also would be the first facility of its kind in the U.K. built without full state support, making it more risky than what’s been built to date.

The British utility SSE Plc is developing the wind farm in Scotland’s section of the North Sea. It’s seeking partners to help shoulder the costs and risks.

For Total, buying into the 1,075-megawatt Seagreen project forms a foundation for its ambition to develop offshore wind farms in Europe, putting it in competition with Royal Dutch Shell Plc to break into the growing market for offshore wind assets.

The multi-billion-dollar projects at sea have become the specialty of European energy companies looking to capitalize on the global energy transition. They’re attractive to oil companies because their scale and the skills needed to build them make them similar to offshore oil projects.

With the purchase, Total could gain expertise that would help it achieve its aim to bid in forthcoming government offshore-wind auctions.

Total is hiring in the U.K. and Denmark to prepare to compete in offshore wind auctions there. The French company has stakes in 3 gigawatts of renewable-power capacity and seeks to double that in 2020. It targets 25 gigawatts by 2025.

Total declined to comment. SSE confirmed it’s interesting in selling a stake in the project, but a spokesperson wouldn’t discuss details of that process.

The project is expected to cost 5.7 billion pounds ($7.3 billion) over its lifetime.

In September, SSE won a 15-year government contract to sell 454 megawatts of power, less than half of the wind farm’s capacity. That leaves most of the project’s output at the mercy of swings in power markets -- unless its owner can pin down a long-term power-purchase agreement.

The price SSE achieved in the government auction was 41.61 pounds per megawatt-hour in 2012 prices. With such a low price, it’s possible that the market-rate portion of the project could actually earn more. But without a government contract, the project lacks that security that’s helped bring down the cost of financing the massive green energy projects in recent years.

To contact the reporter on this story: William Mathis in London at wmathis2@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Andrew Reierson

maywillow
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