I see "meancody1" ( see below ) is trying to mitigate the damage by LYING. The NEWS is from August 27, 2015. In fact there are MULTIPLE NEWS STORIES on this. Just put "TOTAL SA" in your google NEWS search engine and you can verify for yourself. Nice try, meancody, you snake.
Why don't you focus your energy on your other investments? Why waste time posting about a stock you don't even own. Try not to take your losses so emotionally and act more like an adult not a child having temper tantrum.
Total sold coal minning in South Africa Buying into IOC a much bigger project and yield
TOTAL announced on Monday that it no longer produces coal, with the closing of the sale of mine operator Total Coal South Africa, as per an agreement signed in the local summer of 2014.
Ha ha. It's a little to late for that, Peter! A new "commission"... hoo boy!
"Papua New Guinea is fighting to throw off the perception its economy is ridden with fraud, corruption and money laundering, with Prime Minister Peter O’Neill insisting his cabinet does no “favours”.
Addressing prospective investors in Brisbane yesterday, Mr O’Neill said legislation would be introduced in October to establish an independent corruption watchdog “free of any political influence, tribal or regional influence”.
“Of course, as many of you know, in Papua New Guinea, there is always a lot of finger-pointing going on,” he told the Papua New Guinea Advantage international investment summit.
“It’s largely due to the fact that … we have 800-plus languages and 1000 different tribes. We’ve never had a written history, there’s a lot of storytelling.
“When you have a bit of success, you become a big target,” Mr O’Neill said...."
"Like other oil companies, Total is also struggling with current oil market conditions. Total CEO Patrick Pouyanné plans to raise about $10 billion through the sale of its assets and cut in capital expenditure in the next two years. This $905 million deal is part of company’s February plan, which intends to cut $5.50 billion worth of low-yielding assets this year."
What is Inter-No-Oil yielding? Answer: ZERO
Sentiment: Strong Sell
The fact that not a single officer nor new directors have any skin in the game is a major red flag.
If they don't have the conviction that IOC is a good investment , ESPECIALLY AT THESE LEVELS, then shareholders should be concerned, if not worried.
$20's are coming, imo, by or before November cc.
I took my lumps at $4; now I can sleep at night ( and I have nice tax write offs , too. lol )