- Total (TOT +2.6%) is added to the Conviction Buy List at Goldman Sachs, which says TOT offers strong cash flow generation, an attractive portfolio of new investment opportunities , and higher growth thanks to startups coming online this year and next.
- TOT, Eni (NYSE:E) and Royal Dutch Shell (RDS.A, RDS.B) are the firm's Buy-rated names among the European oil giants - although Shell is no longer part of Goldman’s Conviction Buy list - with stable balance sheets, cost discipline, and project cycle timing among catalysts that should propel the stocks; the firm rates Statoil (STO) as a Sell.