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Stock Market & Financial Investment News

News Breaks
February 15, 2013
05:55 EDTTOT, TOTTotal management to meet with Jefferies
Meeting to be held in Milan Italy on February 22 hosted by Jefferies.
News For TOT From The Last 14 Days
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October 1, 2014
07:38 EDTTOTRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
September 26, 2014
09:41 EDTTOTTotal management to meet with JPMorgan
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September 25, 2014
15:48 EDTTOTTotal to sell 17% interest in Gulf of Mexico Tahiti oil field, Reuters says
According to people familiar with the matter, Total has begun a process to liquidate its 17% stake in the Gulf of Mexico's Tahiti oil field, Reuters says. The sale could be worth approximately $1.5B-$2B, Reuters added. Reference Link
September 23, 2014
10:17 EDTTOTAmyris rises after reporting KLM plans use of renewable jet fuel
Shares of Amyris (AMRS) are rising in early trading after the company stated on its corporate Twitter account last night that KLM intends to use a renewable jet fuel from Amyris and Total (TOT). Shares of Amyris are up 4% to $4.10 in early trading following last night's Tweet from the company. Reference Link
08:54 EDTTOTTotal sells 25% interest in Cardinal Gas Services to Korean consortium
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08:15 EDTTOTEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.
September 22, 2014
11:49 EDTTOTRubis in exclusive talks for Total 50% stake in SARA refinery
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06:43 EDTTOTTotal now sees producing 2.8M boepd in 2017
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September 19, 2014
18:30 EDTTOTTotal may consider spin-off of gas station business, Bloomberg reports
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07:40 EDTTOTLukoil evaluating impact of sanctions on Total jv, Reuters reports
The CEO of Lukoil (LUKOY) said the company is evaluating the impact of U.S. and European sanctions on its joint venture with Total (TOT), with which the Russian company is developing the Yamal LNG project and was planning to drill for tight oil in Siberia, reported Reuters. Reference Link
06:31 EDTTOTTotal receives offer from Arkema for Bostik adhesives affiliate
Total has received an offer from the French group Arkema to acquire its Bostik affiliate, a global adhesives company. Arkema’s offer values Bostik at EUR1.74B, or around $2.25B, representing 11 times the company’s EBITDA. In light of the quality of the project, Total has granted Arkema an exclusivity period to pursue the offer, and it will be presented to the relevant employee representatives, as part of the required information and consultation procedures. Arkema’s offer for Bostik includes clear undertakings to continue operations sustainably and safeguard existing jobs and employee benefits. The proposed transaction is subject to approval by the relevant antitrust authorities.

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