Stocks in Frontline Trades’ Choice: Suncor Energy Inc. (NYSE:SU), TOTAL S.A. (NYSE:TOT)

Suncor Energy Inc. (NYSE:SU) [Trend Analysis] climbed reacts as active mover, shares an increase 0.24% to traded at $31.58 and the percentage gap between open changing to regular change was 0.00%. Suncor Energy (SU) is redeeming outstanding US$1.25 billion 6.10% senior unsecured notes due 2018. “This announcement is evidence of our ongoing commitment to capital discipline through the further strengthening of our balance sheet.”

The redemption will be largely funded from the proceeds of Suncor’s asset divestments realized earlier in 2017. The firm’s current ratio calculated as 1.40 for the most recent quarter. The firm past twelve months price to sales ratio was 2.67 and price to cash ratio remained 23.70. As far as the returns are concern, the return on equity was recorded as 1.00% and return on investment was 0.50% while its return on asset stayed at 0.50%. The firm has total debt to equity ratio measured as 0.39.

TOTAL S.A. (NYSE:TOT) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.14% to $50.33. Total SA (TOT) reported that it has signed accord for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The total value of the transactions is around $350 million before adjustments.

The production divested by Total represents around 13,000 SEC barrels per day or b/d.The transaction is subject to approval by the authorities. This contract includes the sale of the company’s 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields. In addition, Total Gabon has reported the sale of its interests in five fields and the Rabi-Coucal-Cap Lopez pipeline network.

Arnaud Breuillac, President of Total Exploration & Production, said, “In a context of volatile Brent prices where reducing the breakeven of our operations is a top priority, this contract demonstrates our ability to capture value through the disposal of mature assets while benefiting from the synergies generated by the transfer of operatorship.” The share price of TOT attracts active investors, as stock price of week volatility recorded 1.41%. The stock is going forward to its 52-week low with 21.93% and lagging behind from its 52-week high price with -3.29%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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