Totalenergies Share Discussion Threads

[adrian j boris] 08/10/2021 20:06

Nigeria Looks To Boost Oil Production By 310% To 4 Million Bpd
By Charles Kennedy - Oct 08, 2021, 1:30 PM CDT

Nigeria, the largest oil producer and exporter in Africa, hopes that its newly adopted petroleum industry law will help it hike its oil production by 310 percent to 4 million barrels per day (bpd), Nigerian Petroleum Minister Timipre Sylva said this week.

Nigeria currently produces just below 1.3 million bpd, as per OPEC's latest official data. The African OPEC member is one of the OPEC producers that have struggled in recent months to pump as much oil as their quota under the OPEC+ deal allows, due to force majeure circumstances at pipelines carrying crude to export terminals.

The Petroleum Industry Act (PIA), which became law in August, will help Nigeria achieve its target to pump 4 million bpd, minister Sylva said at an energy conference, as carried by local outlet Premium Times.

The new law will also allow the country to increase its crude oil reserves from 37 billion barrels to 40 billion barrels, and to extract more gas, which it sees as a key fuel in the energy transition, the minister added.

"First is the Focus on Gas. For us, this is at the heart of the energy transition and represents the first step in the journey to renewables away from oil. Already, we have declared that gas is our transition fuel, and also represents a destination fuel, as we envisage that it will be part of our energy mix by 2050, given the vast resources that can be commercialized and utilized," Sylva said.

In the middle of August, Nigerian President Muhammadu Buhari signed the country's newly passed petroleum bill into law, marking the end of 20 years of efforts at Africa's top oil producer to overhaul its oil industry. The new petroleum act aims to attract more foreign capital to the country's oil sector, Nigeria says. The bill took two decades to be finalized, and hopes to overhaul the way Nigeria will share its oil resources with international oil companies as the country looks to attract new investment in oil and gas.

By Charles Kennedy for Oilprice.com

[waldron] 07/10/2021 18:08

JPMorgan downgraded its recommendation on TotalEnergies from Overweight to Neutral and lowered its price target from 55 to 48 euros during a study on the sector

The broker recognizes the high quality of the group but the catalysts are too limited to generate relative performance.

[ariane] 06/10/2021 11:57

In a research note, Jefferies analyst Giacomo Romeo has maintained his recommendation on the stock with a Buy rating. The target price is unchanged at EUR 47.

[ariane] 06/10/2021 11:56

(MT Newswires) -- Lotte Chemical (KRX:011170) is considering an investment of nearly 100 million euros ($116.1 million) in a France-led clean hydrogen infrastructure fund to attain its environment-friendly business policy Green Promise 2030, Pulse News reported Tuesday.

If the investment is successful, the South Korean chemicals company will not only become a major investor of the fund but also the first Asian firm to join it, the release said.

The fund, which targets to raise 1.5 billion euros, is being led by Paris-based petroleum refiner TotalEnergies and industrial gas company Air Liquide. The fund will systematically invest in hydrogen production, hydrogen-run vehicles, and infrastructure to store hydrogen and distribute it, it added.

Shares of Lotte Chemical rose 3% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

[ariane] 06/10/2021 11:55

[France] TOTALENERGIES SE (TTE)

Real-time Quote. Real-time Euronext Paris - 10/06 11:54:20 am

42.815 EUR -1.23%

[waldron] 06/10/2021 09:49

TotalEnergies commits to biodiversity protection in LNG project

Published by Lydia Woellwarth, Editor

LNG Industry, Wednesday, 06 October 2021 08:45

In line with its guiding principle of transparency in sustainable development and in engaging with civil society, TotalEnergies is publishing on its website the Environmental, Safety and Health Impact Assessment (ESHIA) and the biodiversity implementation strategy of the Arctic LNG 2 project, in which the Company holds a direct and indirect 21.64% stake.

Based on the ESHIA and in accordance with the most stringent international performance standards, Arctic LNG 2 has defined a set of actions that will be implemented to minimise the environmental and social footprint, and to deliver a positive impact on biodiversity and the surrounding communities. These measures will be monitored by third-party organisations, including all of the international credit agencies that will be contributing to the project and have engaged in a demanding dialogue with the project team to reinforce its commitments on the basis of IFC (International Finance Corporation) Performance Standard 6.

The biodiversity protection strategy of the project will be based on the following plans and programmes:

The Biodiversity Conservation Management Program (BCMP) in accordance with the recommendations of the Ministry of Natural Resources and Environment of the Russian Federation.
The Biodiversity Management Plan (BMP) setting out the commitments and measures identified in the ESHIA in order to avoid, minimise and, if necessary, compensate the impacts on biodiversity and ecosystems.
The Biodiversity Action Plan (BAP) setting out the specific commitments and actions taken by the project in accordance with IFC Performance Standard 6 requirements for No Net Loss in Natural Habitats and a Net Gain in Critical Habitats.
The Biodiversity Monitoring and Evaluation Programme (BMEP) to measure the outcomes of the biodiversity plans implemented.

These plans and programmes will be published by TotalEnergies as they are approved.

“As a major player in the energy transition, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. This is why we have pledged to contribute to the United Nations Sustainable Development Goals (SDGs), including those related to the conservation of biodiversity”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “The development of the LNG projects in which we are participating in Northern Russia generates legitimately high expectations in terms of protection of the environment and biodiversity. We take these expectations seriously and responsibly. With our partners, we are mobilising significant resources to ensure that these projects are implemented and operated in an exemplary manner. Our commitment to our stakeholders is to answer their questions transparently and to share studies and documentation with them.”

[waldron] 05/10/2021 18:22

TotalEnergies
43.35 +2.99%

Some now are wishing to see 50 euros, but when

[grupo guitarlumber] 05/10/2021 12:14

Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

The company presents an interesting fundamental situation from a short-term investment perspective.

The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

Its low valuation, with P/E ratio at 8.51 and 7.39 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.

With regards to fundamentals, the enterprise value to sales ratio is at 0.85 for the current period. Therefore, the company is undervalued.

The company appears to be poorly valued given its net asset value.

The company has a low valuation given the cash flows generated by its activity.

The company is one of the best yield companies with high dividend expectations.

Over the past year, analysts have regularly revised upwards their sales forecast for the company.

For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.


Weaknesses

The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.

The company's earnings releases usually do not meet expectations.

[waldron] 05/10/2021 08:22

[France] TOTALENERGIES SE (TTE)

Real-time Quote. Real-time Euronext Paris - 10/05 08:20:38 am

42.215 EUR +0.30%

[waldron] 05/10/2021 07:24

* TOTALENERGIES - HSBC raises its price target to €47.4 from €43.1
Euros.

[grupo guitarlumber] 04/10/2021 12:41

Heads up: OPEC+ to meet later in the day

Mon 4 Oct 2021 10:37:29 GMT

Author: Justin Low

No change on policy is expected though

OPEC

The JMMC meeting will take place at 1200 GMT and then the OPEC+ ministerial meeting will take place at 1300 GMT. That's the schedule but if things go off without a hitch then expect the outcomes and decisions to be communicated sooner.

The latest reports are suggesting that OPEC+ is to keep the status quo and maintain a 400k bpd increase in oil output every month, sticking with the July decision.

The energy crisis may present more complications to that in the weeks/months ahead but for now, this will be seen as more of a placeholder meeting as such.

Oil prices are relatively steady, with WTI crude up 0.1% to $75.96 currently.

[grupo guitarlumber] 04/10/2021 08:37

Analyst Lydia Rainforth from Barclays research considers the stock attractive and recommends it with a Buy rating. Previously set at EUR 50, the target price has been raised to EUR 55.

[waldron] 03/10/2021 18:03

ADRs Close Mostly Higher, Oil Majors Trade Actively
10/01/2021 | 10:36pm BST

International stocks trading in New York closed mostly higher Friday.

The S&P/BNY Mellon index of American depositary receipts edged up 0.01% to 159.13. The European index improved 0.2% to 140.62. And the Latin American index rose 2% to 189.65.

The Asian index declined 0.5% to 213.99. And the emerging-markets index declined 0.2% to 351.60.

Oil majors were among the companies whose ADRs traded actively.

Oil futures rallied at the end of a volatile session on Friday as OPEC+ is expected to increase supply. Futures for U.S. crude oil rose 1.1% to $75.88. BP PLC rose 1% to $27.60; Eni Spa improved 0.4% to $26.85; Royal Dutch Shell PLC's Class B ADRs rose 1.5% to $44.93; and TotalEnergies SE improved 0.3% to $48.05.

Toyota Motor Corp. outsold General Motors Co. in the U.S. for the second consecutive quarter. The Japanese auto maker is now in a position to overtake GM for the year, having exceeded its rival's U.S. sales total for the first nine months.

Sales of Toyota-branded vehicles in Japan fell 37.7%, the first sales decline for Toyota Motor Corp.'s flagship brand in 12 months. ADRs closed down 0.1% at $177.62.

Write to Maria Armental at [e-mail]

(END) Dow Jones Newswires

10-01-21 1735ET

[waldron] 03/10/2021 11:45

gxgxx
3 Oct '21 - 10:29 - 3289 of 3289
0 0 0
The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring.

Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China -- the world’s biggest electricity user -- ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers.

A key measure of international energy producers, led by names including Cabot Oil & Gas Corp. and ConocoPhillips, has rallied almost 10% over the past month. Utilities stocks have gone into reverse, wiping out this year’s gains, with materials companies joining them among the biggest laggards on the MSCI World Index.

“The energy crisis can exist for the next several years. I think a super cycle in energy has started and will continue for several years," said Sumeet Rohra, a fund manager at Smartsun Capital Pte. in Singapore. “Energy stocks are very well poised to generate big returns."

China’s factory sector contracted in September for the first time since the pandemic began, thanks to power cuts that have affected regions making up more than two-thirds of the nation’s gross domestic product. The energy crunch has also reportedly halted production at suppliers of global tech giants such as Apple Inc. and Tesla Inc.

Meanwhile, European inventories of natural gas are running low as economies come out of the pandemic lockdown and the White House has expressed concern about the jump in oil prices.

Here is a guide to how the crisis is playing out in equities market:

Energy Producers

Companies that produce gas, oil and coal are set to continue benefiting as winter approaches and demand rises.

Royal Dutch Shell Plc, TotalEnergies SE, Eni SpA, and BP Plc are among big European names that may rally further. In Asia, traders have their eyes on companies including Woodside Petroleum Ltd., Petronas Gas Bhd., Inpex Corp., Oil and Natural Gas Corp. and Reliance Industries Ltd.

“It is not just about a short term supply-demand imbalance," said Gary Dugan, chief executive officer of the Global CIO Office. “The energy crunch is very concerning as it leads to the worst case scenario for markets -- that of stagflation," he said, referring to a situation in which economic growth stalls while inflation and unemployment rise.

If the current tightness in the gas market endures into next year, then Total could see 2022 earnings boosted by 18% and Eni by 12%, Goldman Sachs Group Inc. analysts including Lilia Peytavin wrote in a note last week.

Bloomberg Intelligence analyst Talon Custer said U.S. exporters of liquefied natural gas, such as Cheniere Energy Inc. and Sempra Energy, appear well positioned in an LNG market that should stay extremely tight through the winter.

Exxon Mobil Corp. said on Sept. 30 that elevated gas prices will boost its third quarter profit by about $700 million.

A three-year-high in oil prices also helps Exxon, and should keep others such as Schlumberger Ltd., ConocoPhillips and Halliburton Co. on the radar of traders.

In contrast, gas distributors such as China Gas Holdings Ltd., Hong Kong and China Gas Co., Kunlun Energy Co, and Indraprastha Gas Ltd. may face margin pressure if they are not allowed to pass on rising input costs.

Amid surging prices of coal, key stocks to watch are Arch Resources Inc. and Peabody Energy Corp. in the U.S., Glencore Plc. in Europe, and China Shenhua Energy Co., China Coal Energy Co., Adaro Energy Tbk, Whitehaven Coal Ltd. as well as Coal India Ltd. in Asia.

Materials & Metals

While rising power prices hurt all users, it is particularly acute for energy-intensive materials and metal companies.

In Asia, these stocks include Aluminum Corporation of China Ltd., Baoshan Iron & Steel Co., Angang Steel Co., China National Chemical Engineering Co. and Zhejiang Longsheng Group Co.

European construction material maker Sika AG also fits the mold, as does steelmaker ArcelorMittal and cement producer Holcim Ltd. In the U.S., steel producer Nucor Corp. and paint maker Sherwin-Williams Co. may be focus.

Bank of America Corp. analysts see input-cost headwinds for Indian cement makers such as UltraTech Cement, Shree Cement Ltd. and companies in the paint sector.

Power Utilities

Many government-backed electricity providers are likely to face margin pressure while those that are less regulated or independent have a better chance profiting from higher electricity prices.

Barclays Plc.’s analysts including Peter Crampton expect further strength in power prices to create winners in less heavily regulated northern Europe. They identified Electricite de France, Engie SA, Fortum Oyj and RWE AG. The analysts expect significant earnings-per-share upgrades, particularly for EDF, and raised their 2021 and 2022 estimates by 82% and 61%, respectively.

The most visible signs of stock market distress so far have been in southern Europe’s heavily regulated utilities. Iberdrola SA and Endesa SA shares are both trading at their lowest levels in more than last year.

In Asia, potential losers include Korea Electric Power Co., Tokyo Electric Power Co. and India’s NTPC Ltd. In the U.S., companies such as Southern Co., American Electric Power Co. and Duke Energy Corp. could face pressure.

Green Stocks

Higher energy prices and efforts to cut carbon emissions are also flowing through into the share prices of renewable power and nuclear stocks.

Bloomberg Intelligence’s Laurent Douillet sees large nuclear and hydro electricity companies as potential winners over those that rely on gas and coal.

READ: China’s Energy Crunch Sends Coal Shares Up, Renewable Firms Down

Key stocks to monitor are Europe’s Scatec ASA, Azelio AB and Orsted A/S, North America’s First Solar Inc. and SolarEdge Technologies Inc., and Asia’s LONGi Green Energy Co., Trina Solar Co., Sungrow Power Supply Co. and Adani Green Energy Ltd.

“There hasn’t been a confluence of so many factors happening at the same time in energy and commodity markets since at least the 1980s," said Robert Ryan, chief commodity and energy strategist at BCA Research.

[adrian j boris] 01/10/2021 16:23

upstream




1 October 2021 11:28 GMT Updated 1 October 2021 13:04 GMT
By Iain Esau
in London

France's TotalEnergies and Angolan state oil company Sonangol have secured a one-year extension to a promising licence offshore Sao Tome & Principe.

After a long hiatus, exploration activity is due to resume off these two islands in the Gulf of Guinea this year, with Shell and Portugal’s Galp set to spud their Jaca-1 wildcat in Block 6.

Due to Covid-19, TotalEnergies and Sonangol were unable to carry out much work on Block 1, so the regulator, ANP-STP, agreed to their request for a 12-month extension to the acreage’s initial four-year exploration term.

Valaris to dispatch drillship to Namibia and Sao Tome and Principe
Read more

In return, the oil companies agreed to plough an additional $250,000 into social projects, taking the total invested in the first exploration period of the block to $4.25 million.

Located 30 kilometres north-west of Principe Island, Block 1 is adjacent to the Nigeria-Sao Tome Joint Development Zone (JDZ) where, 15 years ago, Chevron drilled the Obo-1 oil discovery.

A 3D seismic survey was set to be shot this year over the acreage, but it is unclear if this actually took place.

The original plan was to acquire 3600 square kilometres of data over Block 1 and about 2500 square kilometres over blocks 7, 8 and 11 in the JDZ.
Sao Tome set to host ocean thermal energy conversion barge
Read more

TotalEnergies has a 55% stake in the block, with Sonangol on 30%, while Sao Tome & Principe’s state oil company holds 15%.

Meanwhile, in Block 6, Shell will mobilise Valaris drillship DS-10 this year to drill what will be a closely watched well on the Jaca prospect, a Cretaceous-aged structure.

Jaca has been mapped as a four-way prospect, supported by an amplitude versus offset signature — usually a positive sign about the potential of a prospect to hold oil and gas — and is one of several similar prospects in the area, Andy Inglis, chief executive of former block partner Kosmos Energy, said 18 months ago.

The prospect lies in the central part of the block, away from the maritime boundaries with Equatorial Guinea and Gabon.

An environmental impact statement previously stated that a Block 6 well could be drilled in water depths between 2275 and 2590 metres, with the probe being drilled to a planned total vertical depth of up to about 4500 metres.

Shell has a 45% interest in the block and is partnered by Portugal’s Galp (45%) and Sao Tome & Principe’s state oil company.

[adrian j boris] 01/10/2021 11:56

MT Newswires) -- TotalEnergies (TTE.BR, TTE.L, TTE.PA) is doubling its mechanical recycling production capacity for recycled polymers through the expansion of its manufacturing unit Synova in Normandy, France.

The extension includes the installation of two new production lines that are expected to boost Synova's output to almost 45,000 tons of recycled polypropylene per year, according to a Friday release.

[waldron] 30/9/2021 21:30

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
36 to 38 euros
38 to 40 euros
40 to 42 euros $$$$ we be stuck here at the moment
42 to 44 euros $$$$$$$$ UBS target 42 euros
44 to 46 euros
46 to 48 euros $$$$$$$$ Jefferies target 47 euros
48 to 50 euros $$$$$ JP Morgan target 49 euros with Deutsche Bank targetting 48.30 euros
50 to 52 euros $$$$$$$$ RBC target 50 euros
52 to 54 euros
54 to 56 euros
56 to 58 euros
58 to 60 euros $$$$$$$$$$$$$ Goldman Sachs target 60 euros


Mean consensus BUY

Number of Analysts 25

$$$$$$$$$$$$$$$$$$$$$$$$

Average target price 47.77 euros approx

Highest target 58,55 euros approx

Lowest target 39.98 euros approx

$$$$$$$$$$$$$$$$$$$$$$$$$



Strong supports at 37.765 euros

Strong Resistences at 43.65 euros and then a possible gap up towards 50 euros

$$$$$$$$$$$$$$$$$$$$$$$$$











HISTORIC SHARE PRICES

December 2019 ends at 49.20 euros

December 2020 ends at 35.30 euros


August 2021 ends at 36.7875 euros

September 2021 ends at 41.335 euros

[waldron] 30/9/2021 21:26

[France] TOTALENERGIES SE (TTE)



Real-time Quote. Real-time Euronext Paris - 09/30 11:38:19 am

41.335 EUR +0.73%