Totalenergies Share Discussion Threads

[waldron] 29/7/2021 22:27

In a research note, JP Morgan analyst Christyan Malek maintained his recommendation on the stock and advised to buy it. No major change to the price target, which was reduced from EUR 56 to EUR 55.

[sarkasm] 29/7/2021 15:13

TotalEnergies : Swings to Profit in H1 on Oil & Gas Markets Growth
07/29/2021 | 02:34pm BST


(MT Newswires) -- TotalEnergies (TTE.PA) on Thursday recorded a first-half growth in its sales and net income thanks to a growth in oil and gas markets during the period.

Net income for the period ending on June 30 shifted to profit of $5.55 billion, equal to EPS of $2.03, from a loss of $8.34 billion, equal to a loss of $3.29 per share, in 2020.

Sales jumped to $90.8 billion from $69.6 billion in the previous year.

[waldron] 29/7/2021 09:03

TotalEnergies SE said Thursday that it swung to profit in the second quarter of the year as business benefited from a progressive recovery in oil demand and OPEC+ supply discipline.

The French oil-and-gas major posted a quarterly net profit of $2.21 billion from a net loss of $8.37 billion in the year-earlier period, when it booked exceptional impairments. On an adjusted basis, profit came in at $3.46 billion.

Hydrocarbon production for the quarter decreased 3% on year to 2.75 million barrels of oil equivalent a day compared with 2.85 million BOE/D in the year-earlier period. The company said it expects production to be around 2.85 million BOE/D in the full year.

Sales in the second quarter amounted to $47.05 billion, compared with $25.73 billion a year earlier.

TotalEnergies said it generated net cash flow of $3.15 billion in the quarter, which covered the interim dividend and allowed continued reduction of debt. Gearing fell to 18.5%, below the company's goal of 20%.

The company also said it will distribute a second interim dividend for 2021, stable at 66 European cents ($0.78) a share. TotalEnergies said it has decided to allocate up to 40% of the additional cash flow generated above $60 a barrel to share buybacks.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

July 29, 2021 03:05 ET (07:05 GMT)

[waldron] 29/7/2021 07:27

European markets set for muted open as investors react to earnings, Fed decision

Published Thu, Jul 29 20212:04 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Thursday’s European trading session will be guided by another bumper day for corporate earnings. Credit Suisse, Shell, Total, Volkswagen and Airbus are just some of the big names reporting results.

Fed Chairman Jerome Powell cautioned in a press conference Wednesday that although the U.S. economy has made progress, it still has some way to go before the central bank would look to tighten its accommodative monetary policy stance.

LONDON — European stocks are set for a quiet open as investors digest a fresh round of major corporate earnings and the U.S. Federal Reserve’s reiteration of its dovish policy stance.

Britain’s FTSE 100 is set to open around 6 points lower at 7,011, Germany’s DAX is seen around 29 points lower at 15,541 and France’s CAC 40 is expected to drop around 7 points to 6,602, according to IG data.

[grupo guitarlumber] 28/7/2021 19:21

Upcoming events on TOTAL SE



July/29
2021
Second Quarter and First Half 2021 Results

[waldron] 26/7/2021 08:35

Air Liquide SA on Monday said that it signed a long-term power purchase agreement with TotalEnergies SE for a total capacity of 15 megawatts of offshore wind electricity in Belgium.

The French industrial-gas company said it will power part of its gas production assets in the country with the renewable energy TotalEnergies will supply from a wind farm located in the Belgian North Sea.

The contract, which started on June 1, lasts 15 years. Over the duration of the contract, the electricity generated is set to save up to 270,000 tons of carbon-dioxide emissions, according to Air Liquide.

The agreement was signed through TotalEnergies' energy supply affiliate in Belgium, Lampiris.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

July 26, 2021 03:15 ET (07:15 GMT)

[waldron] 25/7/2021 10:16

Mean consensus BUY

Number of Analysts 25



Last Close Price 35.635euros

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Average target price 48.69euros

Highest target 60.19euros

Lowest target 41.52euros

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Strong support 34.555euros

Strong Resistences 37.476euros and then 42.19euros

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[gibbs1] 23/7/2021 16:42

TotalEnergies : Piper Sandler Adjusts Price Target on TotalEnergies to $66 From $60, Maintains Overweight Rating

07/23/2021 | 01:56pm BST

(MT Newswires) -- TotalEnergies SE (TTE) has an average rating of outperform and price targets ranging from $48 to $68, according to analysts polled by Capital IQ.

[waldron] 21/7/2021 18:24

TOTALENERGIES SE: TotalEnergies Partners With Technip Energies to Advance Low-carbon Solutions For LNG And Offshore Facilities
21/07/2021 11:32am
UK Regulatory (RNS & others)

TIDMTTE



TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition.



As part of this agreement, both parties will explore new concepts and technologies, in order to reduce carbon footprint of existing facilities and greenfield projects in key areas, such as :

-- LNG production,

-- cryogeny,

-- production and use of hydrogen for power generation,

-- or processes for Carbon Capture, Utilization and Storage (CCUS) .


The qualification of new architectures and equipment that will be developed in these areas is also part of the agreement.



This partnership is based on a common belief that cooperation across the industry is needed to achieve energy transition goals. By partnering, Technip Energies and TotalEnergies rely on complementary expertise to decarbonize LNG plants and offshore facilities, supported by their leadership positions in these areas.



Arnaud Breuillac, President Exploration & Production at TotalEnergies, declared: "For TotalEnergies as a global LNG player, this collaboration brings opportunities to further innovate and strengthen our expertise in reducing GHG emissions, improving energy efficiency for our LNG and offshore assets and developing innovative technologies such as hydrogen. It is in line with our company's ambition to be Carbon Neutral by 2050. We are looking forward to cooperating with Technip Energies to find solutions helping to advance towards a low carbon future."



Arnaud Pieton, Chief Executive Officer of Technip Energies, stated: "We are very proud to partner with TotalEnergies, a long-standing client and partner to bring together our expertise and know-how in LNG and Offshore projects to accelerate the transition towards a low-carbon society. This agreement reflects our commitment to provide tangible and decarbonized solutions from the earliest concept to delivery and beyond."



____



TotalEnergies, Second Largest Private Global LNG Player



TotalEnergies is the world's second largest privately owned LNG player, with a global portfolio of nearly 50 Mtpa by 2025 and a global market share of around 10%. The Group benefits from strong and diversified positions throughout the LNG value chain: gas production and liquefaction, LNG transportation and trading, and contribution to the development of the LNG industry for maritime transport. Through its interests in liquefaction plants in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Australia and Angola, the Company markets LNG on all world markets.

[misca2] 19/7/2021 15:56

Energy stocks sink with oil prices following OPEC+ deal

Jul. 19, 2021 8:35 AM ETCVX, USO...BP p.l.c. (BP), BlackRock Energy and Resources Trust (BGR), Brent Futures (CO1:COM)...By: Carl Surran, SA News Editor48 Comments



Oil stocks plunge in pre-market trading alongside crude oil prices sinking after OPEC and its allies reached an agreement to gradually restore production to pre-pandemic levels.

WTI August crude (CL1:COM) -3.7% to $69.13/bbl, and September Brent crude (CO1:COM) -3.3% to $71.11/bbl.

OPEC and its allies will start raising output next month and continue until all of its 5.8M bbl/day of halted production has been revived.

The agreement has initially deflated prices, but several analysts including Citi's global head of commodities research Ed Morse say the market remains tight.

Goldman Sachs analysts agree the planned increase is moderate and will keep the market in deficit, while warning that oil prices may gyrate in the coming weeks due to concerns about the delta variant.

European oil majors Shell (RDS.A, RDS.B), BP, TotalEnergies (NYSE:TTE), Eni (NYSE:E) and Equinor (NYSE:EQNR) all trade sharply lower.

Among major movers in the U.S. pre-market: XOM -3.1%, CVX -2.6%, COP -3.8%, OXY -6.1%; MRO -6.7%, SLB -4.5%, HAL -3.7%, RIG -6.5%.

The top energy ETF (NYSEARCA:XLE) -3.3% pre-market.

ETFs: XLE, USO, UCO, XOP, VDE, GUSH, OIH, ERX, BGR, BNO, DRIP

Last week, the International Energy Agency said it still expects global oil demand to rise by 5.4M bbl/day this year and by another 3M bbl/day barrels in 2022.

[waldron] 19/7/2021 09:46

WISHFUL THINKING PERHAPS FOR THE LONG LONG TERM TARGET


Should be fun to chalk it up BOX BY BOX

THE TotalEnergies WISH LIST BOXES togetherwith Broker targets thrown in for good measure to make you laugh,chuckle,smile and or smirk

34 to 36 euros$$$$$$$$ we be stuck here at the moment $$$$$$$$
36 to 38 euros
38 to 40 euros
40 to 42 euros $$$$$$$$$$$$ UBS target 42 euros
42 to 44 euros
44 to 46 euros
46 to 48 euros $$$$$$$$$$$$ Jefferies target 47 euros
48 to 50 euros
50 to 52 euros
50 to 52 euros
54 to 56 euros $$$$$$$$$$$$ JP Morgan target 56 euros


Current support 33.995 euros with resistences set at 42.73 and 50.85 euros


Mean consensus OUTPERFORM











Upcoming events on TOTAL SE



July/29
2021
Second Quarter and First Half 2021 Results



December 2019 ends at 49.20 euros

December 2020 ends at 35.30 euros

March 2021 ends at 39.775 euros

June 2021 ends at 38.76 euros

[waldron] 19/7/2021 07:53

In a research note, UBS analyst Jon Rigby has maintained his recommendation on the stock with a Neutral rating. The target price is unchanged at EUR 42.

[la forge] 16/7/2021 16:32

Shell, Iberdrola join in bid to build floating wind farms off Scotland

Jul. 16, 2021 10:57 AM ETIBDRY, RDS.A...By: Carl Surran, SA News Editor3 Comments


Royal Dutch Shell (RDS.A, RDS.B) says it is teaming up with Iberdrola-owned (OTCPK:IBDRY) ScottishPower to bid to develop large-scale floating wind farms off the coast of Scotland.

The partners say they submitted multiple proposals for the potential projects as part of the ScotWind leasing round.

Scotland could be at the forefront of the wind power sector, the companies say, potentially providing power for as much as 25% of the U.K. domestic market, or ~8M homes.

Many of Europe's major energy companies including BP, TotalEnergies (NYSE:TTE), Equinor (NYSE:EQNR) and Eni (NYSE:E) may place bids in the auction of 15 seabed locations for the next generation of wind farms.

Shell said recently it would increase total shareholder distributions to 20%-30% of cash flow from operations.

[la forge] 16/7/2021 08:44

SPALSH247.COM


Shell and Iberdrola join forces for floating wind bid off Scotland
Photo of Adis Ajdin Adis AjdinJuly 16, 2021
0 3 1 minute read
Crown Estate Scotland

Oil and gas giant Shell has teamed up with Iberdrola-owned ScottishPower to bid to develop large-scale floating wind farms off the coast of Scotland.

The partners have submitted multiple proposals for the potential projects as part of the ScotWind leasing round, which closed for submissions on Friday.

ScottishPower, chief executive Keith Anderson, said: “Bringing ScottishPower and Shell’s collective knowledge, experience and expertise together means we’re perfectly placed to lead the way in developing large-scale offshore floating wind farms and creating a new green industry with massive potential for exporting our skills and experience globally and helping the UK decarbonise its energy generation.

“With just a few months until the COP26 UN Climate Change Summit in Glasgow, ScotWind will help create a whole new industry in floating wind that will play a crucial role in putting the country on course for a cleaner and greener future.”

Shell UK country chair David Bunch said: “If our bid is successful, Shell and SPR are fully committed to working with Scottish communities and businesses to help develop supply chains and expertise which could make Scotland a world leader in floating wind.

“At Shell we continue to grow our capacity to generate, trade and supply cleaner power to our customers and to play our part in powering the UK to net-zero.”

ScotWind leasing round could enable up to 10 GW of new offshore wind farms to be constructed. A total of 8,600 sq km of Scottish seabed is potentially available for development. With this move, Shell has joined several top energy players looking to develop offshore wind in Scotland, such as BP, TotalEnergies, Eni, Equinor, and Ørsted.

Crown Estate Scotland is expected to announce the results of the ScotWind leasing round in early 2022

[waldron] 16/7/2021 08:12

Analyst Giacomo Romeo from Jefferies research considers the stock attractive and recommends it with a Buy rating. The target price has been revised upwards and is now set at EUR 47, compared with EUR 44 previously.

[la forge] 15/7/2021 10:26

15 Jul 2021 | 08:03 UTC

France's TotalEnergies Q2 equity LNG sales price hits two-year high

Author Stuart Elliott

Editor Debiprasad Nayak



Highlights

Average realized price up to $6.59/MMBtu in last quarter

Price lower than average spot JKM price of $10.04/MMBtu

Global gas price realization up to $4.43/MMBtu

France's TotalEnergies said July 15 its average realized sales price for equity LNG in the second quarter of 2021 was at $6.59/MMBtu, its highest realized price since Q1 2019.


The Q2 average sales price was up by 8% quarter on quarter and by 50% year on year.

The Q2 average was, however, below that of the JKM front-month LNG price in the period, as assessed by S&P Global Platts, of $10.04/MMBtu.

The JKM benchmark price reached an all-time high of $32.50/MMBtu in mid-January, driven by a combination of incremental weather-related gas demand in Northeast Asia, limited storage capacity and regional liquefaction outages.

It remained at relatively high levels through the second quarter, and on July 14 was assessed at $13.34/MMBtu.

A large amount of long-term LNG supply globally remains contracted on an oil-indexed basis, however, meaning the spot price increase would only have a limited impact on the portfolio of big players such as TotalEnergies.

TotalEnergies has said previously that the LNG price indicator reflected the combined effect of sales volumes and prices of long-term contracts and spot sales.

It is the sixth consecutive quarter TotalEnergies has published an average sales price for its LNG, with the major saying it introduced the price to allow for a "better understanding" of the company's integrated gas business unit performance.

In 2020, TotalEnergies' equity LNG sales amounted to 17.6 million mt, up 8% from the previous year. Overall, LNG sales were up 12% on the year in 2020 at 38.3 million mt.

TotalEnergies also published July 15 its average global gas sales price of $4.43/MMBtu for Q2 2021, which was up from $4.06/MMBtu in Q1 2021.

'Core' LNG ambition

In September last year, TotalEnergies outlined its new corporate strategy with a focus on LNG and renewable energy growth. LNG growth, CEO Patrick Pouyanne said, would be at the "core of our ambition."

Total LNG sales will reach 50 million mt/year by 2025, up from around 35 million mt/year now, Pouyanne said.

TotalEnergies has interests in three major new LNG projects coming online in 2023-25: the Novatek-operated Arctic LNG 2; Mozambique LNG; and Nigeria LNG's seventh train.

Mozambique LNG had been due online in 2024, but the project is currently under force majeure and delayed by at least a year due to the militant insurgency in the southeast African country.

[grupo guitarlumber] 13/7/2021 13:32

(MT Newswires) -- TotalEnergies (TTE.PA) on Tuesday entered into a $750 million infrastructure deal with GIP Australia for the downstream facilities of the Gladstone LNG project owned by its Total GLNG Australia subsidiary.

Under the deal, GIP will receive a throughput-based tolling fee, which is calculated based on TGA's share of gas processed through the facilities over a 15-year period.

Meanwhile, TGA retains full control and ownership of its 27.5% stake in the Gladstone LNG downstream joint venture.

[waldron] 13/7/2021 08:59

(MT Newswires) -- ShaMaran Petroleum (SNM.ST) struck a deal to buy an 18% non-operated participating interest in the Sarsang production sharing contract in Iraq from a unit of TotalEnergies (TTE.L, TTE.PA, TTE.BR) for $115 million, plus working capital adjustments.

To carry out the deal, ShaMaran Petroleum will acquire TotalEnergies' TEPKRI Sarsang, effective Jan. 1, according to a late Monday statement.

The deal will be financed with new debt, equity and cash balance.