(09-23-2015, 08:33 PM)Stavros Wrote: That note about $ 60 per barrel oil post 2017 is meaningless for this slide. In the presentation, Patrick Pouyanné used that figure several times when he spoke about TOTAL's ability to pay their dividend from organic cash flow ... see slide 13 TOTAL is convinced that Oil price (Brent) will be measurably higher than $60 per barrel post 2017
With respect to 60$. 60$ oil may also be a "go no go" LNG price point of ~10$. That doesn't seem like a natural price though. At that point there is no new competition.