{"id":5891,"date":"2026-07-04T03:03:01","date_gmt":"2026-07-04T01:03:01","guid":{"rendered":"https:\/\/www.powertrade.fr\/?p=5891"},"modified":"2026-07-04T03:18:02","modified_gmt":"2026-07-04T01:18:02","slug":"berkshire-hathaway-la-doctrine-du-cash-au-service-de-totalenergies","status":"publish","type":"post","link":"https:\/\/www.powertrade.fr\/index.php\/2026\/07\/04\/berkshire-hathaway-la-doctrine-du-cash-au-service-de-totalenergies\/","title":{"rendered":"Berkshire Hathaway : la doctrine du cash au service de TotalEnergies"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Chez <strong>Power-Trade<\/strong>, nous partageons pleinement la vision de Warren Buffett en maintenant une poche de liquidit\u00e9s tr\u00e8s solide. Mais si Berkshire conserve son cash par manque d&rsquo;opportunit\u00e9s \u00e0 prix cass\u00e9, notre strat\u00e9gie est un peu diff\u00e9rente : nous gardons cette r\u00e9serve de cash avec un objectif clair, celui de renforcer notre exposition sur <strong>Total Energies<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.powertrade.fr\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-4-juil.-2026-02_56_43-1024x683.png\" alt=\"\" class=\"wp-image-5892\" srcset=\"https:\/\/www.powertrade.fr\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-4-juil.-2026-02_56_43-1024x683.png 1024w, https:\/\/www.powertrade.fr\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-4-juil.-2026-02_56_43-300x200.png 300w, https:\/\/www.powertrade.fr\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-4-juil.-2026-02_56_43-768x512.png 768w, https:\/\/www.powertrade.fr\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-4-juil.-2026-02_56_43.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Cette valeur coche absolument toutes nos cases op\u00e9rationnelles :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Un rendement de premier ordre :<\/strong> Avec un dividende attendu en hausse constante (port\u00e9 \u00e0 <strong>0,90 \u20ac<\/strong> par action pour le premier acompte 2026), le titre offre un rendement sur dividende brut de <strong>5,33%<\/strong> par rapport \u00e0 la cl\u00f4ture de vendredi 3 juillet 2026.<\/li>\n\n\n\n<li>Total \u00c9nergies distribue sont dividende trimestriellement ce qui permet de le r\u00e9investir et donc au final permettre d&rsquo;afficher un rendement de <strong>5,44%<\/strong>.<\/li>\n\n\n\n<li><strong>Une croissance p\u00e9renne et ma\u00eetris\u00e9e :<\/strong> Port\u00e9e par sa strat\u00e9gie multi-\u00e9nergies (p\u00e9trole amont \u00e0 bas co\u00fbt, leadership sur le GNL et mont\u00e9e en puissance dans l&rsquo;\u00e9lectricit\u00e9 bas carbone), la major affiche une croissance de production d&rsquo;environ <strong>3% par an jusqu&rsquo;en 2030<\/strong> et une solide g\u00e9n\u00e9ration de <em>free cash flow<\/em> (flux de tr\u00e9sorerie disponible).<\/li>\n\n\n\n<li><strong>Des cours dignes d&rsquo;une pure valeur <em>Value<\/em> :<\/strong> Malgr\u00e9 ses fondamentaux de fer et ses rachats d&rsquo;actions massifs (environ 135 millions d&rsquo;euros par semaine), TotalEnergies s&rsquo;\u00e9change toujours sur des niveaux de valorisation historiquement bas par rapport \u00e0 ses pairs am\u00e9ricains. C&rsquo;est le type m\u00eame d&rsquo;anomalie de march\u00e9 que nous aimons exploiter lorsque le cash doit \u00eatre d\u00e9ploy\u00e9.<\/li>\n\n\n\n<li>Total \u00c9nergies est une valeur sur laquelle il est possible et relativement facile de faire du swing trading avec un risque extr\u00eamement limit\u00e9 car, dans le cas ou apr\u00e8s avoir achet\u00e9 la valeur avec un syst\u00e8me de trading, la valeur ne permet pas d&rsquo;extraire de la performance&#8230; On conservera la position avec l&rsquo;optique de percevoir les dividendes en attendant la possibilit\u00e9 d&rsquo;extraire cette performance sur signal lorsque des plus values seront sup\u00e9rieurs au rendement.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Ces 5 points font de <strong>Total Energies<\/strong> une valeurs que nous consid\u00e9rons comme une obligation qui offre une convertibilit\u00e9 \u00e0 tout moment lorsque la valeur est n\u00e9goci\u00e9e sur des prix qui font qu&rsquo;elle n&rsquo;est plus value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">C&rsquo;est la raison qui nous \u00e0 permis de vendre l&rsquo;int\u00e9gralit\u00e9 de notre position sur la valeur \u00e0 <strong>74 \u20ac <\/strong>le 08\/04\/2026.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<p class=\"responsive-video-wrap clr\"><iframe title=\"ACHAT VENTE TOTAL ENERGIES\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/Fou6e3yKCxc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Nous avions commenc\u00e9 \u00e0 accumuler tr\u00e8s fortement la valeur \u00e0 la sortie de la p\u00e9riode COVID ce qui nous a permis d&rsquo;accumuler la valeur durant plus de 5 ann\u00e9es \u00e0 des prix tr\u00e8s value, mais aussi de recevoir durant toutes ces ann\u00e9es de g\u00e9n\u00e9reux dividendes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Apr\u00e8s avoir vendu il y a pratiquement 3 mois, nous avions observ\u00e9 que le BRENT \u00e9tait coiff\u00e9 \u00e0 112 $ avec des messages du pr\u00e9sident am\u00e9ricain qui pesaient sur les cours et qui faisait avorter toutes hausses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dans cette configuration de march\u00e9 incertaine plus ou moins manipul\u00e9e nous n&rsquo;avons rachet\u00e9 que <strong>1000 titres<\/strong> sur les <strong>12 465 titres <\/strong>balanc\u00e9s en date du 08\/04\/2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A pr\u00e9sent, notre patience a pay\u00e9e, car les cours de Total \u00c9nergies cl\u00f4turaient \u00e0 <strong>66,94 \u20ac <\/strong>en date du 3 juillet 2026 et sur ces prix, nous jugeons que Total \u00c9nergies redevient value, allons nous l&rsquo;acheter prochainement ?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Pourquoi ne l&rsquo;avons nous pas encore rachet\u00e9e ? <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Alors que Laurent Maurel notre analyste financier agr\u00e9\u00e9 AMF ne cesse d&rsquo;alerter nos abonn\u00e9s sur le fait que les cours du BRENT ne font que baisser alors que les r\u00e9serves strat\u00e9giques fondent comme neige au soleil avec une \u00e9volution des stocks de p\u00e9trole Cushing qui constitue probablement l\u2019un des signaux les plus pr\u00e9occupants du march\u00e9 \u00e9nerg\u00e9tique actuel&#8230;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">La r\u00e9ouverture du d\u00e9troit d&rsquo;Ormuz est une bonne nouvelle en soit, mais cela reste un narratif qui a pes\u00e9 sur les cours du BRENT, alors que de nombreux probl\u00e8mes demeurent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Quand allons nous revenir sur Total \u00c9nergies et avec quelle technique ?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LIRE L&rsquo;INT\u00c9GRALIT\u00c9 DE CET ARTICLE SUR: <a href=\"https:\/\/app.powertrade.fr\/\"><strong>https:\/\/app.powertrade.fr\/<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer : Cet article est \u00e0 titre informatif et ne constitue pas un conseil en investissement.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Les march\u00e9s sont volatils, investissez avec prudence.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Article \u00e9crit par Patrick GUIBOUD-RIBAUD le 04 juillet 2026<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chez Power-Trade, nous partageons pleinement la vision de Warren Buffett en maintenant une poche de liquidit\u00e9s tr\u00e8s solide. Mais si Berkshire conserve son cash par manque d&rsquo;opportunit\u00e9s \u00e0 prix cass\u00e9, notre strat\u00e9gie est un peu diff\u00e9rente : nous gardons cette r\u00e9serve de cash avec un objectif clair, celui de renforcer notre exposition sur Total Energies. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ofc_meta_disable_footer_callout":"","ofc_meta_callout_button_url":"","ofc_meta_callout_button_txt":"","ofc_meta_callout_text":"","ofc_enable_fullscreen":"disable","ofc_fullscreen_speed":0,"ofc_fullscreen_nav":"enable","ofc_fullscreen_nav_pos":"right","ofc_fullscreen_nav_color":"","ofc_fullscreen_nav_tooltip_color":"","ofc_fullscreen_responsive":0,"osp_disable_panel":"default","osh_disable_topbar_sticky":"default","osh_disable_header_sticky":"default","osh_sticky_header_style":"default","osh_sticky_header_effect":"","osh_custom_sticky_logo":0,"osh_custom_retina_sticky_logo":0,"osh_custom_sticky_logo_height":0,"osh_background_color":"","osh_links_color":"","osh_links_hover_color":"","osh_links_active_color":"","osh_links_bg_color":"","osh_links_hover_bg_color":"","osh_links_active_bg_color":"","osh_menu_social_links_color":"","osh_menu_social_hover_links_color":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[9,50,1],"tags":[10,201,11,28,202,23],"class_list":["post-5891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bourse","category-energie","category-macro-eco","tag-bourse","tag-brent","tag-dividendes","tag-petrole","tag-total-energies-2","tag-valeur-rendement","entry","has-media"],"categories_names":["Bourse","Energie","Macro-\u00e9conomie"],"post_class":[["post-5891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bourse","category-energie","category-macro-eco","tag-bourse","tag-brent","tag-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