Eastward Bound: TotalEnergies Secures Two New Contracts In Asia
Portfolio Pulse from Lekha Gupta
TotalEnergies SE (NYSE:TTE) has announced two new LNG contracts in Asia, one with Indian Oil Corporation and another with Korea South-East Power. Despite these positive developments, TTE shares are trading lower premarket. Investors can also gain exposure to TotalEnergies through ETFs like First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and Keating Active ETF (NASDAQ:KEAT).
June 04, 2024 | 11:45 am
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POSITIVE IMPACT
Investors can gain exposure to TotalEnergies through the First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX).
EIPX provides exposure to TotalEnergies, which has secured new LNG contracts in Asia. This could be beneficial for the ETF's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Keating Active ETF (NASDAQ:KEAT) offers another way for investors to gain exposure to TotalEnergies.
KEAT provides exposure to TotalEnergies, which has secured new LNG contracts in Asia. This could be beneficial for the ETF's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies SE has signed two new LNG contracts in Asia, but shares are trading lower premarket. The contracts with Indian Oil Corporation and Korea South-East Power solidify mid-term sales channels in a key market.
The new contracts are positive for TotalEnergies' mid-term sales and market presence in Asia. However, the immediate market reaction is negative, possibly due to broader market conditions or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100