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Dow Jones Newswires: Total Replacement Ratio Puts It In Front

Wednesday, February 15, 2006 5:29:16 AM ET Dow Jones Newswires
0908 GMT [Dow Jones]-Buy into Total (TOT) weakness after 4Q, says Kepler Equities Strategist Edmund Shing. “While the Oil & Gas sector is following its US counterpart down today on weaker crude prices, look to Total's superb 120% reserve replacement ratio.” Sees probable and proved reserves “now at 20bn barrels (vs. 18.4bn a year ago),” which equals “22 years' worth of current production. This clearly sets Total apart from Royal Dutch Shell or Repsol, both of which are struggling along with ExxonMobil and ChevronTexaco to replace current production.” Stock -0.8% to EUR213.50. (BJL)

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