TotalEnergies (TTE) is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina, people familiar with the matter told Bloomberg’s Jonathan Gilbert. The French oil company’s Chief Executive Officer, Patrick Pouyanne, said earlier this year that he’d be willing to offload stakes in the fields at the right price, the report noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTE:
- TotalEnergies price target raised to EUR 57.80 from EUR 55.30 at Morgan Stanley
- Trump Weekly: Trump demands oil prices be kept down
- TotalEnergies to acquire 25% interest in Block 53 offshore Suriname
- M&A News: Shell Stock (SHEL) Flows Higher After Battering Down $100B BP Takeover Talk
- Trump Trade: Trump slams Powell while Fed chair appears before Congress