foreign

OIL GOES HIGHER

huge upside when oil goes up, they still make a lot of cash with oil at $40 / boe

OWN TOTAL OIL

Unexpected shutdowns in Africa and the North Sea cut production last year, but European refining margins were up 88% in the third quarter alone. With low-cost production in Africa (the source of 42% of Total's earnings before interest and taxes, according to S&P), and rapid expansion in the Middle East, Total should thrive if oil prices stay at current levels or rise. The French major had $17 billion in cash at the end of the third quarter. S&P has a 12-month target of $92 on the stock, double the current price.

diversified petrochemical

At French oil giant Total (TOT) the respective ratios are 5.8%, 3.7 times and 0.3 times.

France's Total (TOT) is another potential beneficiary of a stronger U.S. currency.

Seymour mentioned that BP(BP) is raising its dividend yield and ConocoPhillips(COP) and Total(TOT) also have large dividend yields.

6.93%