Total Share Discussion Threads

[waldron] 19/4/2018 12:15

Total
49.925 +0.45%


Engie
14.06 +0.43%

Orange
14.525 -0.03%

BP
510.8 +0.24%



Shell A
2,451.5 +0.18%



Shell B
2,497 +0.36%


FTSE 100
7,329.92 +0.17%
Dow Jones
24,748.07 -0.16%
CAC 40
5,388.42 +0.15%


Brent Crude Oil NYMEX 74.10 +0.41%
Gasoline NYMEX 2.08 +0.00%
Natural Gas NYMEX 2.72 -0.73%

[waldron] 19/4/2018 08:56

Total
49.98 +0.56%



Engie
14.01 +0.07%

Orange
14.525 -0.03%

BP
512 +0.47



Shell A
2,461 +0.57%



Shell B
2,504.5 +0.66%



FTSE 100
7,333.34 +0.22%
Dow Jones
24,748.07 -0.16%
CAC 40
5,392.08 +0.22%



Brent Crude Oil NYMEX 74.09 +0.39%
Gasoline NYMEX 2.09 +0.22%
Natural Gas NYMEX 2.74 -0.26%


SLOW DOWN,YOU MOVE TOO FAST

[waldron] 19/4/2018 08:54

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 19, 2018).

Total SA on Wednesday said it would pay EUR1.4 billion ($1.73 billion) for a majority stake in electricity provider Direct Energie, the latest step in the company's strategy to become a power player.

The French oil giant is among the most aggressive in a small coterie of big oil-and-gas companies that are snapping up traditional utilities and renewable-energy firms.

The moves represent a strategic shift among big oil players, grappling with how to manage the potential for a long-term shift away from fossil fuels and the more immediate pressure of finding a market for growing supplies of natural gas.

Total has set an ambition to supply 7 million customers with electricity across France and Belgium by 2022 and is aiming to own 10 gigawatts of installed capacity from gas-fired and renewable power plants within five years.

Others eyeing a similar strategy include Royal Dutch Shell PLC, which has also embarked on a flurry of acquisitions in recent months.

The Direct Energie deal will bring Total 2.6 million new electricity customers in France and Belgium and nearly 1.4 GW of installed capacity from gas-fired power plants and renewables.

The deal is "in line with our ambition to become the responsible energy major," Total Chief Executive Patrick Pouyanne said in a statement.

Under the agreement, Total plans to initially buy just over 74% of Direct Energie's shares at EUR42 apiece. The company then plans to launch a tender offer for the rest of Paris-listed Direct Energie's shares.

The acquisition has been approved by Direct Energie's board, but remains subject to further shareholder and regulatory approvals.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

April 19, 2018 02:47 ET (06:47 GMT)

[the grumpy old men] 18/4/2018 18:47

18/04/2018 | 3:41 p.m.

Oddo confirms his
buying advice and its goal of 56 E after the announcement this morning of the
Signing of an agreement to acquire 74.33% of Direct
Energy on the basis of 42E per share.




The

consulting firm believes that this acquisition is very positive for the

group that clearly displays its ambitions in the G & P. He underlines

that the group confirms its diversification into the G & P with a

high demand and cleaner energy.

'

Total demonstrates with this acquisition a strong ambition to

strengthen in electricity and gas which are the energies of the future '

says Oddo in his study of the day.


'By the acquisition of

Direct Energie, Total increases its customer base from 1.5M to 4.1M, which makes it

will target 7 M of customers including 6 M in France and 1 M in Belgium '

stresses the analysis office.

[the grumpy old men] 18/4/2018 18:02

Total's bet on Direct Energie is expensive but relevant - DJ Plus
Total (EU: FP)
Intraday Chart of the Action

Today: Wednesday 18 April 2018
More charts from the Total Exchange


François Schott,


Agefi-Dow Jones




Paris (Agefi-Dow Jones) - By offering to buy the alternative electricity supplier Direct Energie (DIREN.FR) for 1.4 billion euros, Total (FP.FR) is paying a high price to satisfy its ambitions on the French market for gas and electricity distribution and diversify its business model.


The price of 42 euros per share offered by the oil giant shows a premium of 30% compared to the last quoted price of Direct Energie, and 13% on the average of the last six months weighted by volumes. The alternative supplier finds itself valued at around 12.5 times its forecast 2018 EBITDA. "This is a bit expensive if we consider that the valuations in the European utilities sector are between 5 and 10 times, "says Biraj Borkhataria, an analyst at RBC Capital Markets. "The value of the deal lies in Direct Energie's customer base and its strong growth," he adds.


With a customer base of 2.6 million households, up 24% in 2017, Direct Energie is the only independent player to have the critical size in a market still largely dominated by the historical operators EDF and Engie. The group benefited from the regulatory framework put in place in 2011 and the purchase of its main competitor Poweo the following year to accelerate its growth and finally become profitable. But the arrival of new players in this market for a year - and not least, like the example of ENI, Total, or C-discount, a subsidiary of Casino - has raised some questions from investors, and pushed Direct Energie to change its model. From a simple electricity supplier, the group has also become a producer by acquiring two gas power plants as well as the renewable energy producer Quadran.


By joining forces with Total, the group is giving itself the means to pursue this strategy and carry out its many projects in renewable energies. In addition, the offer appears to be a very good opportunity for the shareholders of Direct Energie, after a very nice stock market in recent years. The main shareholders of the company - Jacques Veyrat, Stephane Courbit, Jean-Paul Bize, and its founder Xavier Caitucoli - have already concluded an agreement with Total to sell their shares, representing 74% of the capital. The tanker will then launch a mandatory public offer on outstanding securities. The operation is unlikely to encounter any obstacles on the part of the competition authorities, given the market's low market share of around 12%, and should be completed as planned in the third quarter of 2018.


Even if it pays a little expensive its target, Total does not realize an inconsiderate purchase. After strengthening its oil activities with the acquisition of Maersk Oil for $ 7.5 billion, the oil company intends to diversify "throughout the gas-electricity value chain", and develop renewable energies. The acquisition of Direct Energie meets these two objectives. "This merger will enable Total to accelerate its penetration of the electricity and gas market by acquiring an already established customer base and directly benefiting from Direct Energie's historical know-how in customer management," said Pierre. Vaurice, at Midcap Partners. The commercial objectives set by the group, namely to reach 6 million gas / electricity customers in France by 2022, against 4 million today (with Direct Energie) seem feasible, in a market that is certainly more competitive, but where has a commercial strike force and a recognized brand.


"The group is also in tune with society and growing pressure from investors for the energy transition," said Bokhataria.


While reducing production costs in its core business thanks to a savings program of $ 5 billion over the period 2014-2020, Total must reinvest some of these resources in new activities. This acquisition gives him the opportunity, without degrading its profitability.


-Francois Schott, Agefi-Dow Jones; [phone]; [e-mail] ed: ECH


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


April 18, 2018 12:22 ET (16:22 GMT)

[waldron] 18/4/2018 17:03

Total
49.7 +1.60%


Engie
14 +0.21%

Orange
14.53 +0.31%

FTSE 100
7,317.34 +1.26%
Dow Jones
24,792.97 +0.03%
CAC 40
5,380.17 +0.50%


BP
509.6 +2.60%



Shell A
2,447 +2.69%



Shell B
2,488 +2.43%


Brent Crude Oil NYMEX 72.78 +1.51%
Gasoline NYMEX 2.06 +0.43%
Natural Gas NYMEX 2.76 +0.62%

[waldron] 18/4/2018 11:18

Total
49.18 +0.54%


Engie
13.985 +0.11%

Orange
14.49 +0.03%



BP
502.3 +1.13%



Shell A
2,414.5 +1.32%


Shell B
2,457.5 +1.17%

FTSE 100
7,276.97 +0.70%
Dow Jones
24,786.63 +0.87%
CAC 40
5,360.09 +0.12%


Brent Crude Oil NYMEX 72.09 +0.54%
Gasoline NYMEX 2.06 +0.35%
Natural Gas NYMEX 2.75 +0.26%

[grupo guitarlumber] 18/4/2018 10:16

Total Makes Latest Power Play With Electricity Deal -- Update
18/04/2018 9:34am
Dow Jones News

Total (EU:FP)
Intraday Stock Chart

Today : Wednesday 18 April 2018
Click Here for more Total Charts.

By Sarah Kent

Total SA on Wednesday said it would pay EUR1.4 billion ($1.73 billion) for a majority stake in electricity provider Direct Energie, the latest step in the company's strategy to become a power player.

The French oil giant is among the most aggressive in a small coterie of big oil-and-gas companies that are snapping up traditional utilities and renewable-energy firms.

The moves represent a strategic shift among big oil players, grappling with how to manage the potential for a long-term shift away from fossil fuels and the more immediate pressure of finding a market for growing supplies of natural gas.

Total has set an ambition to supply 7 million customers with electricity across France and Belgium by 2022 and is aiming to own 10 gigawatts of installed capacity from gas-fired and renewable power plants within five years.

Others eyeing a similar strategy include Royal Dutch Shell PLC, which has also embarked on a flurry of acquisitions in recent months.

The Direct Energie deal will bring Total 2.6 million new electricity customers in France and Belgium and nearly 1.4 GW of installed capacity from gas-fired power plants and renewables.

The deal is "in line with our ambition to become the responsible energy major," Total Chief Executive Patrick Pouyanne said in a statement.

Under the agreement, Total plans to initially buy just over 74% of Direct Energie's shares at EUR42 apiece. The company then plans to launch a tender offer for the rest of Paris-listed Direct Energie's shares.

The acquisition has been approved by Direct Energie's board, but remains subject to further shareholder and regulatory approvals.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

April 18, 2018 04:19 ET (08:19 GMT)

[waldron] 18/4/2018 08:26

Total
49.09 +0.36%



Engie
14.005 +0.25%

Orange
14.585 +0.69%



BP
499.3 +0.52%



Shell A
2,397 +0.59%


Shell B
2,442 +0.54%


FTSE 100
7,245.86 +0.27%
Dow Jones
24,786.63 +0.87%
CAC 40
5,370.59 +0.32%


Brent Crude Oil NYMEX 72.09 +0.54%
Gasoline NYMEX 2.06 +0.42%
Natural Gas NYMEX 2.74 -0.04%

[waldron] 18/4/2018 08:25

Total SA (FP.FR) said Wednesday that it has entered into an agreement with Direct Energie (DIREN.FR) to acquire 74.33% of its capital for about 1.4 billion euros ($1.73 billion) in cash.

The French oil-and-gas company said that it is offering EUR42 a share for the stake. The offer represents a 30% premium compared with Direct Energie's closing price on Tuesday of EUR32.24.

"Once this acquisition has been completed, Total will file with the French Financial Market Authority a mandatory tender offer on the securities of Direct Energie which are traded on Euronext Paris at the same price per share," the company said.

The transaction, subject to regulatory approval, is expected to close during the third quarter, and the proposed tender offer will be filed immediately after its completion.

Direct Energie's board of directors unanimously approved the transaction and said it will recommend its shareholders to tender their shares into the offer that will be filed.

Total is pursuing the deal in order to accelerate its ambition for gas and electricity in France and Belgium. Direct Energie currently has a portfolio of 2.6 million clients and its combination with Total will target over 6 million customers in France and over 1 million customers in Belgium by 2022, the company said.



Write to Marc Bisbal Arias at [e-mail]



(END) Dow Jones Newswires

April 18, 2018 02:46 ET (06:46 GMT)

[waldron] 17/4/2018 17:20

Total
48.915 +0.56%



Engie
13.97 +0.61%

Orange
14.485 +0.73%


BP
496.7 +0.07%



Shell A
2,383 +0.87%



Shell B
2,429 +1.02%


FTSE 100
7,226.05 +0.39%
Dow Jones
24,830.69 +1.05%
CAC 40
5,353.54 +0.76%


Brent Crude Oil NYMEX 71.43 -0.18%
Gasoline NYMEX 2.04 -0.32%
Natural Gas NYMEX 2.75 +0.07%

[waldron] 17/4/2018 12:27

Total
48.875 +0.47%



Engie
13.945 +0.43%

Orange
14.48 +0.70%


BP
499.05 +0.54%



Shell A
2,377 +0.61%



Shell B
2,419.5 +0.62%


FTSE 100
7,209.46 +0.16%

CAC 40
5,335.68 +0.43%


Brent Crude Oil NYMEX 71.41 -0.21%
Gasoline NYMEX 2.04 -0.25%
Natural Gas NYMEX 2.72 -0.87%

[waldron] 17/4/2018 08:20

Total
48.82 +0.36%



Engie
13.935 +0.36%

Orange
14.43 +0.35%

FTSE 100
7,199.36 +0.02%

CAC 40
5,322.14 +0.17%




BP
500.1 +0.76%



Shell A
2,364.5 +0.08%



Shell B
2,407 +0.10%


Brent Crude Oil NYMEX 71.76 +0.28%
Gasoline NYMEX 2.05 +0.23%
Natural Gas NYMEX 2.73 -0.69%

[waldron] 16/4/2018 17:15

Total
48.645 +0.09%



Engie
13.885 -0.64%

Orange
14.38 +1.55%


FTSE 100
7,198.2 -0.91%
Dow Jones
24,548.72 +0.77%
CAC 40
5,312.96 -0.04%


Brent Crude Oil NYMEX 71.71 -1.13%
Gasoline NYMEX 2.05 -0.90%
Natural Gas NYMEX 2.76 +0.80%



BP
496.35 -1.58%



Shell A
2,362.5 -0.67%



Shell B
2,404.5 -0.72%

[grupo guitarlumber] 16/4/2018 14:24

PARIS (Agefi-Dow Jones) - Barclays has trimmed its net profit forecast for Total (FP.FR) by around 10% in the first quarter, after the oil group reported lower refining margins. The financial intermediary now expects a quarterly net profit of 2.7 billion dollars (about 2.2 billion euros), up 7% year on year. However, he underlines the group's positive outlook for the next three years in terms of production and operational efficiency, driven by its investment discipline. Barclays reiterates its recommendation "overweight" and its target price of 60 euros on the title, which yields 0.3% to 48.48 euros.


-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [e-mail] ed: ECH


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


April 16, 2018 06:08 ET (10:08 GMT)

[waldron] 16/4/2018 12:22

Total
48.495 -0.22%



Engie
13.875 -0.72%

Orange
14.17 +0.07%


Cac 40 Index 5,305.47-0.2%



Brent Crude Oil NYMEX 71.83 -0.97%
Gasoline NYMEX 2.04 -0.82%
Natural Gas NYMEX 2.76 +0.80%


BP
497.65 -1.32%



Shell A
2,357 -0.90%



Shell B
2,397.25 -1.02%


FTSE 100 7,231.11-0.5%

[waldron] 16/4/2018 09:25

Total
48.47 -0.27%



Engie
13.87 -0.75%

Orange
14.125 -0.25%

Cac 40 Index 5,316.25+0.0%


Brent Crude Oil NYMEX 71.42 -1.53%


BP
498.15 -1.22%



Shell A
2,366.5 -0.50%



Shell B
2,413 -0.37%

Gasoline NYMEX 2.04 -1.17%
Natural Gas NYMEX 2.75 +0.51%


FTSE 100 7,260.36-0.1%