Total Share Discussion Threads

[maywillow] 17/5/2018 20:12

Total CEO: Short-term problems must not derail long-term strategy
WASHINGTON, DC, May 17
05/17/2018
By Nick Snow
OGJ Washington Editor

Total SA Chief Executive Officer Patrick Pouyanne confirmed that the French multinational oil company is concerned about possible consequences on its operations if the US follows through with plans to reimpose sanctions on Iran where the company is involved in a major natural gas development project. “As soon as the US decides to reimpose sanctions, Total will lose access to US banks, which is vital. We could lose US shareholders and it could affect our US assets,” he said on May 17.

But Pouyanne also expressed a determination not to let immediate problems keep Total from pursuing its long-term strategy of moving into businesses that effectively address climate change and other problems while keeping global energy reliable and affordable. “The goal is to make Total one of the world’s major energy companies. Addressing climate change by helping create a low-carbon future is an important part of this,” he said during remarks at the Center for Strategic and International Studies.

A day earlier, Total announced that it would seek a waiver from any US secondary sanctions directed at companies doing business in Iran, where it is involved in the South Pars 11 project with PetroChina and others. President Donald Trump’s May 8 announcement that the US will reimpose sanctions after withdrawing from the 2015 Joint Comprehensive Plan of Action to ensure that Iran’s nuclear program is exclusively peaceful means Total will need to unwind all of its share price 11 operations by Nov. 8 unless it receives a waiver, the company said.

“Total has always been clear that it cannot afford to be exposed to any secondary sanction, which might include the loss of financing in dollars by US banks for its worldwide operations (US banks are involved in more than 90% of Total’s financing operations), the loss of its US shareholders (US shareholders represent more than 30% of Total’s shareholding), or the inability to continue its US operations (US assets represent more than $10 billion of capital employed),” it indicated.

“I’m not a politician or diplomat. I can see this having major effects on our operations,” Pouyanne said. “We’re not naive. We see the global regional dynamic where we’re involved. We’ll do what we need to protect our investment, but we also have a contract with Iran that we need to consider…. We will do our job and engage with the French government and US authorities when necessary. At the end, however, my duty is to protect my company and its shareholders’ interests.”

‘A big test’

Pouyanne said the situation with Iran “is a big test for US-European relations, but we are a company that needs to watch out for its own and its shareholders’ interests. I also think the US and its European allies need to ask whether they want to give the region to Russia and China.”

Asked if Total would remain in Venezuela if President Nicolas Maduro’s government moves ahead with an election that many observers outside the country consider dubious, Pouyanne said the company stayed in Myanmar for decades while there were serious problems there.

“There are problems now in Venezuela,” he acknowledged. “I think it’s important to stand with the people who live in such areas. Twenty years ago, Venezuela was a beautiful country. Now, we’re observing a collapse of its economy. A company like ours needs to stay as long as it can in these situations because people will remember if we do—even the politicians.”

Total’s recognition of global climate change as a problem which needs to be solved has made it consider where new markets will be, Pouyanne said. “Oil and gas companies are part of the problem. They should be part of the solution. We try to have a corporate roadmap that will let us do this,” he said. “We need to understand all forms of energy. We are an old industry that is youthful and competent. We should be ready to use new ways to communicate.”

Contact Nick Snow at [e-mail].

[waldron] 17/5/2018 17:04

Total
54.5 +1.79%


Engie
14.545 +2.07%

Orange
14.63 +0.76%

FTSE 100
7,787.97 +0.70%
Dow Jones
24,800.95 +0.13%
CAC 40
5,621.92 +0.98%


Brent Crude Oil NYMEX 80.23 +1.17%
Gasoline NYMEX 2.27 +0.62%
Natural Gas NYMEX 2.83 +0.50%




BP
584 +1.41%

Shell A
2,730 +1.98%


Shell B
2,805.5 +2.13%

[waldron] 17/5/2018 16:40

Total CEO says oil price could hit $100 'in coming months'
Published May 17, 2018 10:32pm

WASHINGTON - The CEO of French oil giant Total said Thursday he would not be surprised to see the price of a barrel of crude reach $100 "in the coming months."

Patrick Pouyanne's remarks come as oil prices continue to rise on geopolitical instability fears. Toward 0950 GMT, a barrel of North Sea Brent passed $80 for the first time since November 2014. — Agence France-Presse

[waldron] 16/5/2018 17:18

Total
53.54 -0.61%


Engie
14.25 -3.52%

Orange
14.52 -0.07%

FTSE 100
7,734.2 +0.15%
Dow Jones
24,730.41 +0.10%
CAC 40
5,567.54 +0.26%



Brent Crude Oil NYMEX 78.26 +0.28%
Gasoline NYMEX 2.22 +1.06%
Natural Gas NYMEX 2.82 -0.32%



BP
575.9 -0.23%


Shell A
2,677 -0.52%


Shell B
2,747 -0.92%

[grupo] 16/5/2018 16:30

Total SA (FP.FR) said Wednesday it will unwind its operations in the Iran South Pars gas project before November unless it gets a project waiver from U.S. authorities and will not make any further commitments to the project, as a result of the U.S. withdrawal from the Iran nuclear deal.

The French oil-and-gas giant said it will engage with French and U.S. authorities to examine a possible project waiver, which should include protection from any secondary sanctions as per U.S. legislation.

If it doesn't get a waiver, the company will have to unwind operations related to the project before November 4, 2018, it said .

Total said it has spent less than 40 million euros ($47.5 million) related to the project up to this date. A withdrawal from the project will not impact its production target of 5% compound annual growth rate between 2016 and 2022, it added.



Write to Alberto Delclaux at [e-mail]



(END) Dow Jones Newswires

May 16, 2018 10:28 ET (14:28 GMT)

[grupo] 16/5/2018 14:41

Today: Wednesday 16 May 2018
More charts from the Total Exchange


PARIS (Agefi-Dow Jones) - Oil-and-gas values stand out in the European markets on Wednesday after a favorable note from Morgan Stanley. The broker says he prefers oil majors service companies because of rising oil prices and demand in their end markets. Morgan Stanley is buying on TechnipFMC, Tenaris, PGS, Hunting, Saipem, CGG and Vallourec. Saipem leaps 9.3%, TechnipFMC takes 3.5%, Tenaris 2% while the producers Total and Royal Dutch Shell fall back with the price per barrel.


-Philip Waller, The Wall Street Journal ed .: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


May 16, 2018 08:52 ET (12:52 GMT)

[waldron] 15/5/2018 17:10

Total
53.868 +0.31%


Engie
14.77 +0.54%

Orange
14.53 -3.20%


FTSE 100
7,722.98 +0.16%
Dow Jones
24,715.57 -0.74%
CAC 40
5,553.16 +0.23%

Brent Crude Oil NYMEX 78.71 +0.24%
Gasoline NYMEX 2.21 +0.54%
Natural Gas NYMEX 2.85 +0.46%


BP
577.2 +1.17%

Shell A
2,691 +1.13

Shell B
2,772.5 +1.22%

[waldron] 15/5/2018 09:01

Total
53.98 +0.52%


Engie
14.695 +0.03%

Orange
14.67 -2.27%

FTSE 100
7,712.83 +0.02%
Dow Jones
24,899.41 +0.27%
CAC 40
5,546.29 +0.10%


Brent Crude Oil NYMEX 78.46 -0.08%
Gasoline NYMEX 2.20 -0.08%
Natural Gas NYMEX 2.83 -0.07%


BP
571.2 +0.12%


Shell A
2,668 +0.26%


Shell B
2,747 +0.29%

[waldron] 14/5/2018 16:59

Total
53.7 +0.69%

Engie
14.69 +0.34%

Orange
15.01 -1.18%


FTSE 100
7,710.98 -0.18%
Dow Jones
24,956.07 +0.50%
CAC 40
5,540.68 -0.02%


Brent Crude Oil NYMEX 78.15 +1.53%
Gasoline NYMEX 2.20 +0.95%
Natural Gas NYMEX 2.85 +0.96%

BP
570.5 +1.06%

Shell A
2,661 +0.19%

Shell B
2,739 +1.05%

[the grumpy old men] 13/5/2018 17:27

News ID: 215006
Published: 0301 GMT May 13, 2018
No word from Total on exiting South Pars project: Zanganeh
No word from Total on exiting South Pars project: Zanganeh
French energy giant Total has not announced anything about walking away from the South Pars Gas Field development project due to Washington's exit from Iran nuclear deal, said Iran's Oil Minister Bijan Namdar Zanganeh.

According to IRNA, it was earlier announced that Total will continue to cooperate in the development of Phase 11 of Iran's giant South Pars Gas Field.

Zanganeh told reporters on the sidelines of his meeting with visiting Turkmen Foreign Minister Rasit Meredow that the two countries are set to settle their gas disputes through negotiations.

He described his meeting with Meredow, which was mainly focused on fostering mutual cooperation in oil and gas fields, as positive.

Thanks to the positive stance of Iranian and Turkmen presidents on continuation of mutual cooperation, he said, such issues would be discussed by experts of the two countries.

He added that Iran has resumed a scheme that involves swapping Turkmenistan's natural gas bound for Azerbaijan since March 21, 2018.

Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company said on Wednesday that that Total has invested $90 million in the project.

Referring to US withdrawal from Iran nuclear deal, the official said, "Our relations with Total are based on contract and mutual respect and I don't think we will have any problem in this regard."

Given the position of European Union on US exist from Iran nuclear deal, there will be no problem about the development of Phase 11 and Total will continue with its activities in Phase 11, he stated.

Necessary measures have been taken by Total and other partners in the development of Phase 11, Meshkinfam said.

"Development of Phase 11 is a priority for us and we will definitely develop it," he said, adding, "If Total remains [with us], we will continue with it, but if it walks away from the development of this phase, China's CNPC will be our number one choice."

[la forge] 12/5/2018 07:09

HERALDSCOTLAND.COM

As oil prices begin to soar, should you up your exposure?
Iona Bain Personal Finance Writer
As oil prices begin to soar, should you up your exposure?

As oil prices begin to soar, should you up your exposure?
0 comments

THE IMPORTANCE of oil to investors has been underlined as President Trump’s tough line on Iran stoked a further rise in the price of crude.

Despite widespread predictions a year ago that oil would struggle to top $50 a barrel under pressure from US shale production, it topped $77 this week.

Big oil is a pillar of the FTSE 100 and of popular investment funds, and its strength helped the blue-chip index jump nearly seven per cent last month, bouncing back above 7,500 from its February depression.

So should investors be checking their exposure to the black gold, and do the latest geopolitical rumblings in the Middle East signal another bout of volatility ahead?

“Investors do need to keep an eye on the price of oil, which is now up 50 per cent year-on-year,” said Russ Mould, investment director at AJ Bell.

“A sustained surge in crude could lead to inflation or even a slowdown in global economic activity. The higher oil goes, the more dangerous the impact of the Trump policy shift could become.”

Read more: Oil price hits three year high as tensions over Syria increase

Richard Turnill, Blackrock’s global strategist, added: “For investors seeking exposure to oil today, we see a stronger case for investing in energy equities over crude itself. Oil prices have run well ahead of energy stocks this year but this trend has started to turn.”

Surprisingly, the index of FTSE All-Share oil and gas producers is up only 4.4% in 2018, ranking it 13 out of 39 industry groupings, while the oil equipment and services sector is up by just 0.9%.

The producers’ index currently trades at 128 times the actual oil price, compared to an average of 156 over the last 20 years.

Mr Turnill said: “Current oil prices offer potential upside for energy companies’ earnings and stock prices.

"Most energy companies have budgeted for mid-$50s oil prices in 2018, with this conservative outlook reflected in share prices today.

"This points to valuation upside should current levels of oil prices be sustained.”

BP and RoyalDutchShell are strengthening the cover of their dividends as the oil cash flows in and both still offer yields of over five per cent. Mr Mould said that “less-well developed, pure play producers” such as Edinburgh-based FTSE 250 firm Cairn Energy or London-headquartered Tullow Oil could also benefit, although with a higher level of operational and exploration risk.

“The riskiest oil plays are the AIM-quoted junior explorers which may not even be producing or have a find, but whose share prices could welcome more positive sentiment toward their industry,” he said.

“The London Stock Exchange is also host to a select number of firms which provide equipment and services to the oil industry. None of them feature in the FTSE 100, although Wood and Petrofac were both once part of the UK’s elite index. Other names to note include Lamprell and Hunting.”

Read more: Bid speculation mounts over North Sea oil and gas giant

There are actively managed funds focused on the sector such as Guinness Global Energy, which has almost two-thirds of its assets in North America, while passive funds include ETFS US Energy Infrastructure and iShares US Oil & Gas Exploration & Production, both exchange-traded funds.

The iShares Core FTSE 100, meanwhile, has both BP and Shell in its top five holdings and an overall weighting of 17% to energy. Among UK equity income funds – the top-performing fund sector last month - River & Mercantile UK Equity Income has a 15% energy exposure.

For those who are happy to swap equity risk for oil price risk, ETFS WTI Crude Oil (CRUD) tracks the US benchmark, West Texas Intermediate, while ETFS Brent Crude (BRNT) mirrors European oil. Both of these funds use derivatives to track the prices, which can affect returns.

Turnill cautions that there could still be “a hefty drop in oil prices, possibly sparked by a large US shale production boost or falling demand”.

Oil futures, which predict the price ahead, have lagged the rise in spot prices, while a stronger dollar could also weigh on oil.

Tom Elliott, international investment strategist at deVere Group, said: “Investors should expect an increase in market volatility. In the shorter term at least it is likely gold and the US dollar may rally on growing fears of further conflicts in the Middle East breaking out, while risk assets, namely stocks and credit markets, may weaken. Oil may rally strongly.

“Geopolitical events such as these underscore how essential it is for investors to always ensure that they are properly diversified - this includes across asset classes, sectors and geographical regions – to mitigate potential risks to their investment returns.”

[waldron] 11/5/2018 17:17

Total
53.33 +1.18%


Engie
14.64 +0.27%

Orange
15.19 +0.30%


FTSE 100
7,724.55 +0.31%
Dow Jones
24,795.46 +0.23%
CAC 40
5,541.94 -0.07%


Brent Crude Oil NYMEX 77.27 -0.23%
Gasoline NYMEX 2.19 -0.14%
Natural Gas NYMEX 2.81 +0.11%


BP
564.5 +0.09%



Shell A
2,656 +0.85%



Shell B
2,710.5 +0.65%

[ariane] 11/5/2018 14:41

After the sharp rise in recent weeks in the wake of oil prices, the title Total shows some signs of shortness of breath and could initiate a movement of consolidation.
The overbought technical indicators reinforce this bearish anticipation.

We are therefore strengthening our short position through the unlimited turbo put Commerzbank 259WZ, which is quoting 0.52 EUR for a strike price of 57.6350 EUR and a deactivating barrier at 55.77 EUR.

This derivative had been advised at 0.95 EUR.
hxxps://www.zonebourse.com/TOTAL-34541067/analyses-bourse/Sous-une-resistance-importante-26304569/

We will aim for a return on the EUR 49, convergence zone with the 50-day moving average, which would represent a potential gain of 33% for this reinforcement and 18% for the overall position. The invalidation threshold will be set just above EUR 53.7 (risk 22% for reinforcement and 40% for overall position).



We track the proposed products and write a new recommendation for the exit of the line (except in case of deactivation). As such, the objectives and thresholds of invalidation are given for informational purposes and may change depending on market conditions and our convictions.
Mnemo Type Strike Barrier Deadline
259WZ PUT 57.63 55.77 -
Course Obj. theoretical theoretical risk
0.52 33% -18%
>> Find all our recommendations derived products
Total: Position boost on the unlimited turbo put 259WZ

Values ​​cited in the article
Varia. Last Var. 1janv
TOTAL -0.21% 52.6 Real time quotes. 12.52%

Laurent Polsinelli

[waldron] 11/5/2018 12:27

Total
52.74 +0.06%


Engie
14.6 +0.00%

Orange
15.135 -0.07%


FTSE 100
7,696.17 -0.06%
Dow Jones
24,739.53 +0.80%
CAC 40
5,529.12 -0.30

Brent Crude Oil NYMEX 77.35 -0.13%
Gasoline NYMEX 2.19 +0.03%
Natural Gas NYMEX 2.80 -0.25%



BP
562.9 -0.20%



Shell A
2,626 -0.28%



Shell B
2,683 -0.37%

[waldron] 11/5/2018 09:35

Total
52.7 -0.02%


Engie
14.58 -0.14%

Orange
15.115 -0.20%

FTSE 100
7,698.4 -0.03%
Dow Jones
24,739.53 +0.80%
CAC 40
5,526.3 -0.35%


Brent Crude Oil NYMEX 77.26 -0.25%
Gasoline NYMEX 2.19 -0.19%
Natural Gas NYMEX 2.81 +0.04%


BP
561.8 -0.39%



Shell A
2,632 -0.06%


Shell B
2,690.5 -0.09%