2024-04-26 17:40:14 ET
Summary
- TotalEnergies SE is considering making a final investment decision on the Venus and Suriname discoveries, which could lead to significant company growth.
- Namibia's advanced infrastructure and stability make it an advantageous location for business in Africa.
- Suriname and Guyana are developing their oil and gas industries, which could accelerate future production development and production level increases.
- The dividend will increase roughly 7%.
- The company will likewise repurchase stock.
TotalEnergies SE ( TTE ) management had some world-class discoveries that I covered in the last article . Management focused on two of these in the latest question and answer session to state that the Venus and the Suriname discoveries are getting to the point where a final investment decision will be made, with likely production in the next couple of years. In fact, the Venus discovery could lead to some exploration across the border from Namibia into South Africa. Both of these projects are world-class discoveries that could lead to material company growth in the future....
Read the full article on Seeking Alpha
For further details see:
Total Energies: Big Projects Heading Toward Production