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United States: TotalEnergies Pursues its Gas Value Chain Integration by Acquiring Producing Assets in the Anadarko Basin

1. TotalEnergies acquires 49% interest in Continental Resources' gas assets. 2. This strengthens LNG value chain integration in the U.S.

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-1.46%Current Return
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+0.42%S&P 500
$63.1509/29 03:36 AM EDTEvent Start
$62.22509/29 10:31 AM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition indicates strategic growth, similar to past successful expansions in the sector that raised stock valuations.

How important is it?

Strategic acquisition enhances TTE's portfolio and market presence, suggesting a significant impact on future profitability.

Why Long Term?

Long-term integration into the LNG sector is likely to yield consistent returns, improving TTE's market position over time.

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CLRCSVXOM
PARIS--(BUSINESS WIRE)--TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in natural gas producing assets, owned and operated by Continental Resources in the Anadarko Basin, Oklahoma. This acquisition of low-cost and long-plateau assets, well connected to Henry Hub through existing midstream infrastructure, further strengthens TotalEnergies' integration across the liquefied natural gas (LNG) value chain in the US. TotalEnergies further expands its natura.

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