TotalEnergies Inks LNG Supply Contract With Santos: Details
Portfolio Pulse from Lekha Gupta
TotalEnergies has signed a mid-term LNG supply contract with Santos, boosting its shares by 2.60% premarket. The contract involves supplying 20 LNG cargoes annually over three years starting in Q4 2025. This deal highlights Santos' strong LNG portfolio and demand in Asia for high heating value LNG. TotalEnergies also announced a $10.5 billion investment in an oil development project in Suriname.
October 02, 2024 | 10:43 am
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POSITIVE IMPACT
Advisor Managed Portfolios Miller Value Partners Appreciation ETF, which includes exposure to TotalEnergies, may see positive impacts due to TotalEnergies' recent deals and share price increase.
MVPA ETF holds TotalEnergies, which has seen a share price increase due to positive news. This could positively impact the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Octane All-Cap Value Energy ETF, with exposure to TotalEnergies, might experience positive effects from TotalEnergies' recent LNG contract and share price increase.
OCTA ETF includes TotalEnergies, which has seen a share price rise due to recent positive developments. This could enhance the ETF's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
TotalEnergies' shares rose 2.60% premarket following a mid-term LNG supply contract with Santos. This deal, along with a $10.5 billion investment in Suriname, strengthens its position in the energy sector.
The LNG supply contract with Santos and the significant investment in Suriname are positive developments for TotalEnergies, indicating growth and expansion in the energy sector. This has led to a premarket share price increase.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90