UPDATE: Canaccord Genuity Upgrades Total S.A. to Hold on Dividend Sustainability

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Canaccord Genuity upgraded Total S.A. (NYSE: TOT) from Hold to Buy and raised the price target to $60.00. Canaccord Genuity noted, "Total sees volume growth of 3%pa for 2011-15, or >4%pa from the depressed 2012 base. ... Capex is rising sharply to fund this growth, and organic free cash flow does not currently cover dividend payments. However, we are increasingly comfortable with the sustainability of dividends – and the highest prospective yield in the sector - given 1) Total's strong progress towards its $15-20bn disposals targets and 2) our confidence in the turnaround in its organic free cash generation."Total S.A. closed at $49.50 on Thursday.

27% profits every 20 days?

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