TotalEnergies
Note: This is a daily stock update and the information stands true as of 30/09/24, 09:00 CET.
Company Update:
TotalEnergies announced its acquisition of a 45% stake in dry gas assets within the Eagle Ford Shale, Texas, last Friday, further cementing its presence in the U.S. natural gas/LNG value chain. This move strengthens its equity position in domestic gas production, aligning with the company’s broader strategy to secure reliable LNG volumes for export to Europe and Asia.
As Brent crude prices soften, major oil companies such as Equinor, Shell, and TotalEnergies are recalibrating their investment strategies, with a clear emphasis on expanding gas portfolios. This includes both greenfield and brownfield developments, as well as strategic asset acquisitions.
Expert Opinion:
The recent drop in oil share price impacted Total. Yet we still very much like its prospects over the long run. At current price, the company trades on a PE24 of 7.5x and offers a 5.2% dividend yield. I believe this is a very attractive entry point and am happy to go long total, secure a 5.5% payment until the oil price recovers.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
Company Update:
TotalEnergies announced its acquisition of a 45% stake in dry gas assets within the Eagle Ford Shale, Texas, last Friday, further cementing its presence in the U.S. natural gas/LNG value chain. This move strengthens its equity position in domestic gas production, aligning with the company’s broader strategy to secure reliable LNG volumes for export to Europe and Asia.
As Brent crude prices soften, major oil companies such as Equinor, Shell, and TotalEnergies are recalibrating their investment strategies, with a clear emphasis on expanding gas portfolios. This includes both greenfield and brownfield developments, as well as strategic asset acquisitions.
Expert Opinion:
The recent drop in oil share price impacted Total. Yet we still very much like its prospects over the long run. At current price, the company trades on a PE24 of 7.5x and offers a 5.2% dividend yield. I believe this is a very attractive entry point and am happy to go long total, secure a 5.5% payment until the oil price recovers.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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Solid start of 2025 with signs of recovery in key markets.