Alacra Pulse Banner
 

Total SA (FP)

Search Street Pulse:
 
 
Follow Alacra Pulse on Twitter
Latest Analyst Comments on Total SA (FP)
 

Total to Halt Refining Operations at Flanders Plant (Update1) (BusinessWeek.com - Europe) - Feb 02, 2010

"It makes no sense to continue refining when there are no clients" Total, which last year said it may sell refining assets in Europe, will announce a final decision on the Flanders site near Dunkirk before the end of June, the company said in an earlier statement It stopped short of confirming a permanent shutdown after the government, which faces regional elections next month, urged the company to protect the local economy and jobs "Total missed an opportunity to sell at the peak of the cycle and now there is an absolute need for restructuring," Irene Himona, an oil and gas analyst at Exane BNP Paribas, said today by telephone "Is Dunkirk enough? 
Irene Himona
Irene Himona
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "<span class="company">Total</span> missed an opportunity to sell at the peak of the cycle and now there is an absolute need for restructuring," <span class="analyst">Irene Himona</span>, an oil and gas analyst at Exane BNP Paribas, said today by telephone Tweet this 

Crack Spreads Widen as Traders Exploit US Refinery Closings (BusinessWeek) - Feb 01, 2010

Total Closure Europe's biggest refiner, Paris based Total SA, is expected to announce today plans to end processing at its Flanders plant, which represents 137,000 barrels of capacity, or 72 percent of French crude consumption "In a Darwinian fashion, this materially aids margins for surviving refiners," said James Schofield, an analyst at Bank of America Merrill Lynch in London The last time the refining industry contracted this much was the early 1980s, coinciding with four years of declining oil demand following crude's surge after the Iranian Revolution 
James Schofield
James Schofield
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "In a Darwinian fashion, this materially aids margins for surviving refiners," said <span class="analyst">James Schofield</span>, an analyst at Bank of America Merrill Lynch in London Tweet this 

Total upgraded to "buy" (Newratings.com) - Jan 19, 2010

, Analysts at Collins Stewart upgrade Total SA (TOT) from "hold" to "buy" 
 
Share:  , Analysts at <span class="analyst">Collins Stewart</span> upgrade Total SA (<span class="company">TOT</span>) from "hold" to "buy" Tweet this 

Chesapeake Forms JV with Total (Zacks - Analyst Blog) - Jan 05, 2010

Chesapeake Energy Corporation ( CHK , Analyst Report ) has joined hands with the world's fifth largest integrated oil and gas company Total S.A or Total ( TOT , Analyst Report ) for the development of Barnett Shale assets by creating a joint venture. Total will acquire a 25% interest in Chesapeake's upstream Barnett Shale assets In consideration, Total will pay $800 million in cash at closing, which is anticipated by the end of this month and subject to regulatory approval 
 
Share:  Chesapeake Energy Corporation ( CHK , Analyst Report ) has joined hands with the world's fifth largest integrated oil and gas company <span class="company">Total</span> S.A or <span class="company">Total</span> ( TOT , Analyst Report ) for the development of Barnett Shale assets by creating a joint venture. Tweet this 

Total buys into shale gas play (Globe and Mail) - Jan 05, 2010

"Companies, both domestic and overseas, are interested in getting into shale gas opportunities in the US," said Pavel Molchanov, Houston based analyst with Raymond James Ltd "The economics of natural gas in North America right now is pretty poor, but these companies are getting into these assets from a long term, strategic perspective" Mr Molchanov said Total and Exxon paid an estimated $3 per thousand cubic feet (mcf) of proven natural gas reserves, and require prices of roughly $7 per mcf to earn a competitive return on investment Natural gas contracts were trading at $585 per mcf yesterday but dropped as low as $3 per mcf last fall Raymond James forecasts prices will average $5 in 2010 and 2011 
Pavel Molchanov
Pavel Molchanov
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "Companies, both domestic and overseas, are interested in getting into shale gas opportunities in the US," said <span class="analyst">Pavel Molchanov</span>, Houston based analyst with Raymond James Ltd "The economics of natural gas in North America right now is pretty poor, but these companies are getting into these assets from a long term, strategic perspective" Tweet this 

Energy stocks lead market as manufacturing report, commodity prices raise optimism (Los Angeles Times) - Jan 04, 2010

NEW YORK (AP) — Energy stocks led a broad market rally on Monday as oil and gas prices climbed and optimism rose for energy demand to recover after news broke of an unexpected burst in manufacturing activity. Adding to the optimism, Deutsche Bank upgraded its view on the refining sector, and France's Total SA announced it will pay $225 billion to gain new access to natural gas fields in Texas Energy stocks soared, gaining the most of any sector in the S&P500 index Monday "All the momentum is on their side," said Oppenheimer & Co analyst Fadel Gheit, referring to the energy sector The Institute for Supply Management said its manufacturing index read 559 in December after 536 in November 
Fadel Gheit
Fadel Gheit
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "All the momentum is on their side," said Oppenheimer & Co analyst <span class="analyst">Fadel Gheit</span>, referring to the energy sector The Institute for Supply Management said its manufacturing index read 559 in December after 536 in November Tweet this 

Sector Snap: Energy stocks rally on fresh optimism (AP) (Yahoo News - Energy) - Jan 04, 2010

NEW YORK – Energy stocks led a broad market rally on Monday as oil and gas prices climbed and optimism rose for energy demand to recover after news broke of an unexpected burst in manufacturing activity. Adding to the optimism, Deutsche Bank upgraded its view on the refining sector, and France's Total SA announced it will pay $225 billion to gain new access to natural gas fields in Texas Energy stocks soared, gaining the most of any sector in the S&P500 index Monday "All the momentum is on their side," said Oppenheimer & Co analyst Fadel Gheit, referring to the energy sector The Institute for Supply Management said its manufacturing index read 559 in December after 536 in November 
Fadel Gheit
Fadel Gheit
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "All the momentum is on their side," said Oppenheimer & Co analyst <span class="analyst">Fadel Gheit</span>, referring to the energy sector The Institute for Supply Management said its manufacturing index read 559 in December after 536 in November Tweet this 

Total to Buy Chesapeake Shale Stake for $2.25 Billion (Update4) (BusinessWeek.com - Europe) - Jan 04, 2010

Total has so called unconventional gas projects in South America, Africa and China "This is clearly in line with Total's strategy to get into US shale gas," said Aymeric de Villaret, an analyst at Societe Generale in Paris "The price looks reasonable" Total rose 18 percent to 45795 euros in Paris 
Aymeric de Villaret
Aymeric de Villaret
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "This is clearly in line with <span class="company">Total</span>'s strategy to get into US shale gas," said <span class="analyst">Aymeric de Villaret</span>, an analyst at Societe Generale in Paris Tweet this 

Total in $2.25bn gas deal with Chesapeake (Financial Times) - Jan 04, 2010

Total of France on Monday became the third big European energy company to buy into Chesapeake Energy's US shale gas assets. Total will pay as much as $225bn for 25 per cent of Chesapeake's assets in the Texas Barnett shale, paying $800m in cash and the 
Ben Dell
Ben Dell
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Total of France on Monday became the third big European energy company to buy into Chesapeake Energy's US shale gas assets. Tweet this 

Total to Buy Chesapeake Shale Stake for $2.25 Billion (Bloomberg) - Jan 04, 2010

Total has so called unconventional gas projects in South America, Africa and China "This is clearly in line with Total's strategy to get into US shale gas," said Aymeric de Villaret , an analyst at Societe Generale in Paris "The price looks reasonable" Total rose 14 percent to 4565 euros at 3:28 pm in Paris 
Aymeric de Villaret
Aymeric de Villaret
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "This is clearly in line with <span class="company">Total</span>'s strategy to get into US shale gas," said <span class="analyst">Aymeric de Villaret</span> , an analyst at Societe Generale in Paris Tweet this 

Exxon deal could spark 'race to the altar' (TulsaWorld.com - Business) - Dec 16, 2009

their reserves longer term." . Likely buyers into gas reserves include major oil companies that are struggling to boost output, such as Royal Dutch Shell PLC and Total SA, said Ted Harper of Frost Investment Advisors in Houston and Philip Weiss, an analyst at Argus Research Corp in New York.  
Phil Weiss
Phil Weiss
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Likely buyers into gas reserves include major oil companies that are struggling to boost output, such as Royal Dutch Shell PLC and <span class="company">Total SA</span>, said Ted Harper of Frost Investment Advisors in Houston and <span class="analyst">Philip Weiss</span>, an analyst at Argus Research Corp in New York. Tweet this 

Exxon Deal May Be Green Light for Shale (BusinessWeek.com - Most Popular Stories) - Dec 15, 2009

"These guys are finally coming out and acknowledging that they need to grow their reserves longer term." Likely buyers include major oil companies that are struggling to boost output, such as Royal Dutch Shell Plc and Total (TOT) , said Ted Harper of Frost Investment Advisors in Houston and Philip Weiss, an analyst at Argus Research Corp in New York.  
Phil Weiss
Phil Weiss
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Likely buyers include major oil companies that are struggling to boost output, such as Royal Dutch Shell Plc and Total (<span class="company">TOT</span>) , said Ted Harper of Frost Investment Advisors in Houston and <span class="analyst">Philip Weiss</span>, an analyst at Argus Research Corp in New York. Tweet this 

Big Oil Seen in 'Race to the Altar' After Exxon Deal (Bloomberg) - Dec 15, 2009

"These guys are finally coming out and acknowledging that they need to grow their reserves longer term." . Likely buyers include major oil companies that are struggling to boost output, such as Royal Dutch Shell Plc and Total SA, said Ted Harper of Frost Investment Advisors in Houston and Philip Weiss , an analyst at Argus Research Corp in New York.  
Phil Weiss
Phil Weiss
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Likely buyers include major oil companies that are struggling to boost output, such as Royal Dutch Shell Plc and <span class="company">Total SA</span>, said Ted Harper of Frost Investment Advisors in Houston and <span class="analyst">Philip Weiss</span> , an analyst at Argus Research Corp in New York. Tweet this 

Big Oil Seen Running 'Race to the Altar' After Exxon's XTO Deal (Bloomberg) - Dec 15, 2009

"These guys are finally coming out and acknowledging that they need to grow their reserves longer term." . Likely buyers include major oil companies that are struggling to boost output, such as Royal Dutch Shell Plc and Total SA, said Ted Harper of Frost Investment Advisors in Houston and Philip Weiss , an analyst at Argus Research Corp in New York.  
Phil Weiss
Phil Weiss
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Likely buyers include major oil companies that are struggling to boost output, such as Royal Dutch Shell Plc and <span class="company">Total SA</span>, said Ted Harper of Frost Investment Advisors in Houston and <span class="analyst">Philip Weiss</span> , an analyst at Argus Research Corp in New York. Tweet this 

Exxon deal shakes natural gas sector (The Globe and Mail - Report on Business) - Dec 14, 2009

It has to." Until now, the U.S shale gas plays have been driven by independent producers such as XTO, Chesapeake Energy Corp., EOG Resources Inc., and Devon Energy Corp. But cheap current prices and the long term value embedded in the North American unconventional gas fields could tempt other supermajors, including Royal Dutch Shell PLC, BP PLC and Total SA, said Fadel Gheit, New York based analyst with Oppenheimer and Co. "The buyers will be the large integrated oil companies, and the sellers will be the large [exploration and production] companies," he said. "None of the majors have enough [exposure to the shale gas]. … Right now, they are running out of options." 
Fadel Gheit
Fadel Gheit
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Until now, the U.S shale gas plays have been driven by independent producers such as XTO, Chesapeake Energy Corp., EOG Resources Inc., and Devon Energy Corp. But cheap current prices and the long term value embedded in the North American unconventional gas fields could tempt other supermajors, including Royal Dutch Shell PLC, BP PLC and Tweet this 

Total downgraded to "equal weight" (Newratings.com) - Dec 14, 2009

, Analysts at Barclays Capital downgrade Total SA (TOT) from "overweight" to "equal weight.".  
 
Share:  , Analysts at <span class="analyst">Barclays Capital</span> downgrade <span class="company">Total SA</span> (TOT) from "overweight" to "equal weight.". Tweet this 

TOTAL Transfers Oilfield Interest (Zacks - Analyst Blog) - Dec 01, 2009

Recently, TOTAL E&P Russie, a wholly owned subsidiary of TOTAL S.A ( TOT , Analyst Report ), transferred 10% of its interest in the Kharyaga oil field to state owned Zarubezhneft of Russia. This new collaboration with Zarubezhneft is expected to further boost the company's projects in Russia, strengthening its relations with the Russian oil companies. TOTAL is the operator of phases 2 and 3 of the Kharyaga field located in the Nenets Autonomous District. 
 
Share:  Recently, <span class="company">TOTAL</span> E&P Russie, a wholly owned subsidiary of <span class="company">TOTAL</span> S.A ( TOT , Analyst Report ), transferred 10% of its interest in the Kharyaga oil field to state owned Zarubezhneft of Russia. Tweet this 

TOTAL Tops Zacks Estimate (Zacks - Analyst Blog) - Nov 12, 2009

TOTAL SA ( TOT , Analyst Report ) reported third quarter earnings of €0.84 per share ($1.20 per share), above the Zacks Consensus Estimate of $1.12 and second quarter profit of €0.77. However, earnings declined from €1.81 reported a year ago. Earnings improved sequentially based on higher production, better realizations and lower costs. 
 
Share:  <span class="company">TOTAL SA</span> ( TOT , Analyst Report ) reported third quarter earnings of €0.84 per share ($1.20 per share), above the Zacks Consensus Estimate of $1.12 and second quarter profit of €0.77. Tweet this 

France's Total says net income falls by over half in 3rd quarter on lower oil price (Minneapolis Star Tribune) - Nov 04, 2009

Barclays Capital oil and gas industry analyst Lucy Haskins said Total's third quarter production increase was reassuring, and that with new fields starting up this year, "should continue to show improvements into 2010."  
 
Share:  <span class="analyst">Barclays Capital</span> oil and gas industry analyst Lucy Haskins said <span class="company">Total</span>'s third quarter production increase was reassuring, and that with new fields starting up this year, "should continue to show improvements into 2010." Tweet this 

Earnings Preview: Total To Report Lower Net Income (The Street: Banks) - Nov 03, 2009

ANALYST TAKE: "Total has underperformed the sector by 8 percent in the past six months as investors focused on its refining exposure and volume disappointments," Barclays Capital oil analyst Lucy Haskins said.  
 
Share:  ANALYST TAKE: "<span class="company">Total</span> has underperformed the sector by 8 percent in the past six months as investors focused on its refining exposure and volume disappointments," <span class="analyst">Barclays Capital</span> oil analyst Lucy Haskins said. Tweet this 

Analyst Comment Ticker
 
Key:
  • Sell-side Sell-side
  • Blog Blog
  • Credit Analyst Credit
  • Industry Analyst Industry

Copyright © 2010 Alacra, Inc., 100 Broadway, Suite 1100, New York, NY 10005. All rights reserved.

Reproduction in whole or in part in any form or medium without express written permission is prohibited.