TotalEnergies' Strategy: CEO Reportedly Affirms France Listing While Eyeing US Markets
Portfolio Pulse from Lekha Gupta
TotalEnergies SE (NYSE:TTE) will remain listed in France while considering a U.S. listing. CEO Patrick Pouyanne highlighted the shift in shareholder demographics and the valuation differences between U.S. and European markets. The company is also focusing on LNG supply and sustainable aviation fuel projects.
May 15, 2024 | 12:19 pm
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POSITIVE IMPACT
First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (EIPX) provides exposure to TotalEnergies, which is considering a U.S. listing and focusing on LNG and sustainable aviation fuel projects.
EIPX ETF holds TotalEnergies, and the potential U.S. listing and strategic focus on LNG and sustainable aviation fuel projects could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Keating Active ETF (KEAT) provides exposure to TotalEnergies, which is considering a U.S. listing and focusing on LNG and sustainable aviation fuel projects.
KEAT ETF holds TotalEnergies, and the potential U.S. listing and strategic focus on LNG and sustainable aviation fuel projects could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies SE will remain listed in France while considering a U.S. listing. The company is experiencing a shift in shareholder demographics and is focusing on LNG supply and sustainable aviation fuel projects.
The news indicates a strategic move by TotalEnergies to potentially list in the U.S., which could attract more U.S. investors and improve valuation. The focus on LNG and sustainable aviation fuel projects also suggests growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100