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TOTAL S.A. Message Board

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  • nomorehomes nomorehomes May 6, 2010 9:53 AM Flag

    Another day another gap down

    Hang tight. TOT actually benefits with lower crude prices since it is the largest refiner in Europe.

    BP buyers in the 50s will regret it.

    TOT buyers in the 40s will be rich.

    Rip Van Winkle and you will wake up happy some day.

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    • Bought the gap again, so hope you're right... Bought it yesterday as well and sold it almost at the high of the day. Just trying to trade around and help my basis for the recovery.

      • 1 Reply to ron_grove
      • I can't predict short term wiggles so I just try to figure out bigger trends. EU will be devalued - IMO - so I think oil and gas will benefit from that. Plus TOT has almost 30 bil in debt which will be paid back in cheaper dollars.

        Demand will continue upward even though there are big inventories currently.

        TOT will cut capex to keep the div as too many Frenchies rely on the div.

        Good luck with it. I have a pretty good position built up now and I am ready for the payday starting to pay off tomorrow with better jobs report and EU bailout by Germany tomorrow.

        Today may have been the low for now.

47.95+0.43(+0.90%)Oct 26 4:02 PMEDT