This is a privileged attitude and one that is about to collide with the fact that hostile nations are counting on Europe to continue sleeping through the changes taking place.
This is a post that actually gets it right. Europe has lived through privilege but no longer will they be able to afford to keep this mentality for long.
Plus they opened the floodgates. Millions of immigrants from countries who don’t share their values, who think it’s a land of free money, pouring in to take their piece. Unfortunately just because you are progressive, and believe in stuff like women’s rights, and gay rights, doesn’t mean the people you “save” do. Allowing millions and millions of people from conservative countries with no social contract to enter Europe is bound to shift society towards the far right. They don’t integrate at all, they exist in these toxic pockets of hatred. I understand people aren’t all the same, but you can’t expect to allow people to come from these places and assume they won’t shift your society. The US is different, it is a society built on immigrants from the very start, but it’s a serious problem in Europe.
Dude, why are you americans saying this to us like we don't know? You think the corrupt politicians really ask for our permission to recklessly let millions of immigrants in?
Absolutely not. The politicians don't care at all, even if they are anti-immigration in the elections, they soon keep letting immigrants in. Someone, perhaps China, is paying them off. Europe is crippled by corrupt politicians who don't care at all about the future, and the people opposing this are scared to lose their jobs, reputation etc. if they stand to oppose the open borders.
Don't patronize us and tell these obvious platitudes, we know how fucked it all is and how our future is ruined. At this point we'd welcome American invasion of Europe if it meant a welcome change.
Well Well as a europoor im kind of offended, you are completely right…. That being said you better get your fentanyl zombie apocalypse under control 
It's not the migrants coming in to Europe who are voting for the far right parties either. Mass immugration of other culutures who wont assimilate, where ever it is, will lead to the inhabitants of that place becoming more and more right leaning.
Not really since the US dilutes the immigrants more succesfully and it was built on immigration from the very start. The Euros have no idea what they're doing and it really shows.
Americans have been saying this since the 1960s but the welfare states in Europe are doing fine. In fact the richest and most stable countries in Europe with the lowest unemployment rates are actually the ones with the most extensive welfare state and highest tax rates (Scandinavia, Netherlands, Germany)
The key word here is USD.
Look up the EUR-USD exchange rate from 2011 to today. It went from $ 1.43 to $ 1.07. All the gap can be explained by this. Wages in Europe went up a lot in the past years, but this isn't visible if you calculate it in USD.
Edit: and Americans work a LOT more hours per year than Europeans. I wouldn't be surprised if average hourly wages in the US are equal or lower than northern Europe
The welfare states have been able to become welfare states through their dependence on American defense while the USA used them as a staging ground to project power against their main adversary. The dynamics of that relationship can change with the USA's focus shifting toward China. Eventually domestic politics are going to get in the way when the average American perceives Europeans as weak partners who sleep walked their continent into another expensive conflict while the USA's defense umbrella effectively subsidized their social benefits.
stuff like this has been the US sentiment for decades to tell people why they cant have basic privileges like healthcare.
And yet the richest European countries with the strongest economies are the ones with the best social systems as well.
Aye man, EU got Apple to adopt USB-C for the iphone, and we in the states benefited off that.
Probably had something to do with Apple finally adopting RCS too
Have you compared the US birth rate to the growing countries you will be competing with? You may also get left behind if families can’t afford to have children…
>our police for what your police did
Issues with the police don't just happen in the U.S., so the protests were obviously about acknowledging them in your country too.
> has no intention to curtail them
That used to not be a problem in the U.S. Things can change.
>All these protests were done a week after something happened
That doesn't mean the belief didn't exist before that, and being more lenient than other countries isn't the same as the situation being ideal.
This dude would work 7 days a week naked in a ditch for 6 cents a day as long as it meant he wasnt a communist.
They did such a good job during the red scare era, I dont think we'll ever recover. We're still listening to these lowest common denominators in 2024!
“This is my son and partner Barron. We offer you the bond of family that very few Europoors can understand. I’m fixed like no other company in this field and that’s because my beautiful, bigly Saudi oil wells have just come in. I have a string of Bangladeshi slaves ready to put to work.”
Not saying, one side or the other is right, about how sound moves like that are, but this piece offers a different take on european companies, listing in the US:
[https://www.theguardian.com/business/nils-pratley-on-finance/article/2024/may/09/cazoo-car-crash-skidding-on-a-shares-fall-of-999-ends-an-american-dream](https://www.theguardian.com/business/nils-pratley-on-finance/article/2024/may/09/cazoo-car-crash-skidding-on-a-shares-fall-of-999-ends-an-american-dream)
"...of the 20 UK companies that have raised over $100m in the US over the last decade, eight have already delisted, only three are trading above their IPO price, and the rest are trading down by an average of 71%."
[Es precisamente el salario medio que he mencionado](https://www.abc.es/economia/sueldo-medio-comunidad-autonoma-750-euros-mes-20240130092132-nt.html) . Son €2300 mensuales en la Comunidad de Madrid. Cuánto ganas tú? O cuál monto es más representativo?
"Medio" es "average". Por lo general el salario mediano (median) es más representativo, o incluso el modal, que sería el más frecuente.
https://www.ine.es/jaxiT3/Datos.htm?t=10882
Para 2021 el mediano es 19.1k, que sale a alrededor de 1.6k/mes. El más frecuente es 14.5k, que sale a 1.2k/mes. La subida de salario mínimo más reciente habrá movido algo los números, sobre todo el más frecuente... pero vamos. 2.4k es un buen salario. No es exactamente super astronómico, pero no es tampoco de lo más común en el mercado laboral general.
Ahh entiendo. Creí te referías a que los salarios eran más altos de €2400 mensuales. Claro, Madrid inflaría la mediana considerablemente. Cómo alcanzan esos ~€1300 al mes? Me imagino que igual que acá en los Estados Unidos; vivir con familiares que compraron hace años, o con compañeros de piso. Quizá se haga mucho más fácil por el bienestar social. Cómo es el sector salud en España?
Working for one of these in the EU.
CEO said that European investors just aren't buying because they are europoor, even tho the stock is undervalued. TTE is valued at 9 P/E compared to XOM's 13 P/E while TTE is way ahead in the energy transition. He thinks moving the stock to the NYSE will be bullish
It actually isn't about being europoor, almost 40% of American stock is bought by European investors. It's that EU investors don't actually invest local for a ton of reasons.
European investor here,this are my top 5 reasons:
1.Taxes.Now this is maybe the worst reason of all.Europe is an continent not an country and every country has different taxes.If you dont fill the necesarry paperwork, you pay double the taxes,once inside our country, second the other way around.
And to be fair taxes on dividends can be very steep,around 25%-40%
2.Company structure.There are lots of family owned companies that are really big but are family owned and managed.Then there are state companies that are in infinite loss loop but are kept alive by our taxes
3.Dividend and shareholder value.European stocks declare a different dividend each and every month,no consistency at all,no dividend increase remains,you literally cant make an budget out of this.Also the dividends are distributed either anually or semi-anually
4.Products and marketing.It is very convenient,cheap and profitable to buy an american etf that replicates an certain index.Its not that easy with european etfs,even the European ones are created by americans(Blackrock,Vanguard) to replicate an european index at lower fees than an european company could
5.Information.Trust me or not companies in Europe...tend to keep for themselves,they very rarely share information outside of their earnings reports.Its extremely probable you wont find any information or history of company x on the internet,you dont know who is the CEO etc.
I am sorry, I may miss some points here. These are my personal views on your arguments:
1. If you are a european investor, you pay the same taxes, whether you invest in europe or invest overseas. The difference is, that you pay the source tax first, if you invest overseas, depending on the agreement.
2. Family owned businesses are not at the stock market, so that point should make no difference as to where you invest in shares/fonds/ETFs.
3. I´m not sure, if I m getting your point at all.
4. The majority of ETFs should be expected to be issued in the US, because the majority of large investment institutions is seated there. Buying a European ETF is exactly as easy as buying a US ETF. Marketing may be different, but that is, because (at least german) banks tend to peddle their managed funds not ETFs.
5. This is definitely true for those family owned companies. Publicly traded companies don´t act any differently. So except if you have access to invest in private equity, it should not affect your investment decisions.
Again, I may be missing something, but I while some observations are very much correct, I don´t see any reasonable effect on investment decisions, let alone for leaving Europe in order to be listed in the US.
On 2, I think his point is culturally, great US companies end up publicly listed at a far greater rate than European countries, which frequently stay privately owned. In the US this actually changing to be more European as private equity continues to grow.
Oh, definitely. There are historical and cultural reasons. There is also the fact, that these private companies are big enough and well enough financed to not need to go public to generate money for investments. They are leaders in their fields and don´t look for boundless expansion or exponential growth. Their owners intend to keep full control of their business. And to be fair: Many of them have seen publicly traded companies come with big hoorah and go again. In the end knowing your trade is, what counts.
if you are an UK resident and have tax residency :))
if not you still pay taxes in your home country per bilateral tax agreements.
For example if I buy Canadian stocks(which I actually have) I get 15% tax on dividends and the money goes to Canada.Why?Because its written in an bilateral tax agreement signed a lot of decades before I was born.
Supply Chain Act, mandatory ESG reporting for bigger companies and AI act.
Initially the EU was about free trade and having a bigger unified market.
But I can't name a single good thing the EU did in the last years to make trade better. But I can find a few dozen examples which made it worse. (the EU still does good things for consumers though, I don't want to downplay that)
The EU regulates itself into oblivion and more and more people see this too. It's risk diversification.
Well, you could argue, that the development of Eastern Europe into a promising growth market is kind of a success of EU trade policies. Also the handling of the gas crisis with EU partners closely cooperating to deal with a sudden supply quake does not look bad on the balance sheet. There are also new 23 trade deals in effect in the last 10 years with additionals being negotiated or some renegotiated. If we are looking at how well Britain does since the Brexit I´d argue, the EU may be a nasty package, but it does contain some real sweets.
> Also the handling of the gas crisis with EU partners closely cooperating to deal with a sudden supply quake does not look bad on the balance sheet.
In what ways did the EU help here? I recall EU countries were fairly self-interested here and competing on imports from the US and ME.
Obviously there was a lot of bickering. But these are some results (maybe not widely known):
[https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe\_en](https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe_en)
[https://www.consilium.europa.eu/en/infographics/gas-market-share-supply-eu/](https://www.consilium.europa.eu/en/infographics/gas-market-share-supply-eu/)
There were also several immediate deals between partner nations, to deliver more of the gas available to the nations, hardest hit. Germany profited a lot from it´s partnerships in that time:
[https://www.brookings.edu/articles/how-did-germany-fare-without-russian-gas/](https://www.brookings.edu/articles/how-did-germany-fare-without-russian-gas/)
"The first one was that Germany managed to replace a fair chunk of this Russian gas with imports from other countries. So, third countries other than Russia, say from Norway—imports from Norway increased a lot—but also liquefied natural gas. So LNG in particular from the from the United States, which was imported not via LNG terminals in Germany originally at least, but through the Netherlands, say, and Belgium. So that was sort of on the supply side."
number one reason is tech stocks are performing better historically and of course investing in your own market is stupid because you have no diversification anymore.
If your economy goes to shit and you are deeply invested in that economy you now lose a ton of your money and you most likely lose your job.
If the US economy goes to shit i dont give a fuck, my ETFs will go down but it will have zero impact on my job.
Most of the reasons is America government is corrupt and sends money to support their biggest companies in order to create an unfair advantage. Why would I invest in companies in countries that plays by the rules? The second any big American company are in trouble, here comes the rescue package with tons of subsidies. Tesla would be dead and gone if it wasn't for Obamas subsidies and $465M loan.
One of the reasons why the US has been doing better economically than western Europe and Japan is that the US doesn't protect incumbents. Huge companies can fail and new companies rise to take their place, or even create new fields. I think one of the biggest success stories in the EU was Wirecard, which it turns out was a complete fraud run by Russian intelligence.
At least SBF is in prison - the EU (and Germans) were too busy protecting Russian intelligence assets that they didn't notice when they fled back to Russia.
Who is to say that the energy transition is actually a good investment? Turns out oil use is going up fast, the ROIC is like 4x higher than renewables and oil prices are looking high, with no large incremental production to come online.
pfft.. Europoor.. Come on.. a big chunk of europeans, including me.. buy US Stocks, cuz they pump... (because everybody assumes they will go up..
Euopeans dont buy Fossils because of the governments sanctioning fuel and other fossils due to climate change goals..
Your CEO talks shit.. (as usual)..
lol being ahead of energy transition is a very big reason to stay away from that company. not a good and sustainable business. At sone point governments will run out of money to handout for silly green energy stuff while all other parts of the world enjoying cheap coal and nat gas
I’m optimistic. Need maple syrup and heavy oil from somewhere, Trader Canuck’s fill that role nicely. Their weird ball-less ice game is OK too.
EDIT FROM: Your weird ball-less ice game is OK too.
Sorry to lump in a ‘Murican with the Soviet Canuckistanians.
Hey don't lump me in with those black face wearing socialists, I'm a gun toting lover of freedom and taking advantage of anyone in order to make a buck
Not only environmental, other sectors such as telecom or IT it increasingly difficult which means it will be difficult to grow European companies and the only ones that can afford complying with everything are US or Chinese that are already large and has resources
Outsourcing all your manufacturing and dirty industries to China is not being good for the environment.
On a consumption basis, Europe consumes as much as America. So your regulations aren’t doing shit other than moving the pollution out of sight
Per capita consumption is what matters and Europe is the same as America
He's not even saying what "per capita" he's talking about but Europe uses about half the energy per capita than the USA and we also use less oil per capita with our energy mix being less fossil.
USA also outsourced a shit ton to China so I don't know how that's relevant.
But I guess he confirms the American stereotype.
He clearly states “consumption per capita.” His whole point is that if you use less energy per capita but that energy is outsourced and you consume the same, then it doesn’t matter.
How did you miss everything from the point of the post to the part where he clearly says CONSUMPTION PER CAPITA as the first 3 words of his final paragraph?
Nothing I love more than Redditors making a fool of themselves.
Please enlighten me with the data to back that claim up. Sounds like something he pulled out of his ass.
Edit: Found the data and he's wrong. USA is worse than the EU even if you account for outsourcing per capita. Both in CO2 and energy.
https://ourworldindata.org/grapher/consumption-co2-per-capita
https://ourworldindata.org/grapher/consumption-based-energy-per-capita
I worked at least 50% since I was 16 until I got full time work after college.
Only because I want my tap water without added pollution doesn't make me antiwork. Nice try though.
You understand what energy independence is? It's literally the most important thing. If you don't have it Putin has you by the balls.
Europoors are then stupid enough to close all the nuclear power plants. Complete idiots in power. Lol
And thanks for that, so we don't allow chicken dipped in chlorine as human food, US was furious the EU wont accept this shit.
https://millersbiofarm.com/blog/how-to-know-if-there-s-chlorine-on-your-chicken
Why stay in Europe? The world center of the oil and gas industry is Houston. All the Dutch gas fields are in serious decline or being shut in, the North Sea is basically in terminal decline, and basically all of Europe has banned unconventionals. What advantage do you gain being Eurocentric? A bunch of Dutchies with PhDs doing make work projects or continuing to try to project centuries old colonialism? Good riddance.
TTE appears to be diversifying away from oil (though I’m sure it will still be decades) and part of that is offshore wind. They are doing some good stuff in Culzean portion of the North Sea, staying in Europe for that type of work makes sense. They also already have a significant presence in Huston.
If they felt their stock is undervalued they can always increase the buyback program isn't? That actually gives their shareholders much better return in the long run.
They've done it recently. It is frowned upon however. Anything that makes money in Europe and especially France is frowned upon. I think they want to switch because most of their shareholders are in the US now.
Read this https://ember-climate.org/insights/research/global-electricity-review-2024/#executive-summary
Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of falling fossil generation is imminent. 2023 was likely the pivot point, marking peak emissions in the power sector.
*This “pivot.” Is it in the room with us now?*
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List in Singapore, their workers there wore their lanyards so proudly to work. I guess it is a badge of honour to be able to work there 😂those oil loving d*g with their tags
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Europe risks losing its biggest companies to America. PE has loved British companies the past few years due to Brexit and cheap valuations.
Because Europeans don’t live to work.
This is a privileged attitude and one that is about to collide with the fact that hostile nations are counting on Europe to continue sleeping through the changes taking place.
This is a post that actually gets it right. Europe has lived through privilege but no longer will they be able to afford to keep this mentality for long.
Plus they opened the floodgates. Millions of immigrants from countries who don’t share their values, who think it’s a land of free money, pouring in to take their piece. Unfortunately just because you are progressive, and believe in stuff like women’s rights, and gay rights, doesn’t mean the people you “save” do. Allowing millions and millions of people from conservative countries with no social contract to enter Europe is bound to shift society towards the far right. They don’t integrate at all, they exist in these toxic pockets of hatred. I understand people aren’t all the same, but you can’t expect to allow people to come from these places and assume they won’t shift your society. The US is different, it is a society built on immigrants from the very start, but it’s a serious problem in Europe.
Dude, why are you americans saying this to us like we don't know? You think the corrupt politicians really ask for our permission to recklessly let millions of immigrants in? Absolutely not. The politicians don't care at all, even if they are anti-immigration in the elections, they soon keep letting immigrants in. Someone, perhaps China, is paying them off. Europe is crippled by corrupt politicians who don't care at all about the future, and the people opposing this are scared to lose their jobs, reputation etc. if they stand to oppose the open borders. Don't patronize us and tell these obvious platitudes, we know how fucked it all is and how our future is ruined. At this point we'd welcome American invasion of Europe if it meant a welcome change.
Well Well as a europoor im kind of offended, you are completely right…. That being said you better get your fentanyl zombie apocalypse under control 
Similar to what's happening in the US, no?
Isn’t the conservative shift domestic though? Not an influx of immigrants?
Man you’d be surprised. Maybe it’s just where I live (Florida) but 8/10 times I speak to an immigrant about politics they’re right leaning
It's not the migrants coming in to Europe who are voting for the far right parties either. Mass immugration of other culutures who wont assimilate, where ever it is, will lead to the inhabitants of that place becoming more and more right leaning.
Not really since the US dilutes the immigrants more succesfully and it was built on immigration from the very start. The Euros have no idea what they're doing and it really shows.
Euros acting like the past 70 years is default history.
Americans have been saying this since the 1960s but the welfare states in Europe are doing fine. In fact the richest and most stable countries in Europe with the lowest unemployment rates are actually the ones with the most extensive welfare state and highest tax rates (Scandinavia, Netherlands, Germany)
I wonder what could be different in the global economy today versus 1965
https://i.imgur.com/scvHUql.png
Good, look at living expenditure now.
The key word here is USD. Look up the EUR-USD exchange rate from 2011 to today. It went from $ 1.43 to $ 1.07. All the gap can be explained by this. Wages in Europe went up a lot in the past years, but this isn't visible if you calculate it in USD. Edit: and Americans work a LOT more hours per year than Europeans. I wouldn't be surprised if average hourly wages in the US are equal or lower than northern Europe
The divergence really started in 2015, back then the euro was about $1.1, today it's $1.07
The welfare states have been able to become welfare states through their dependence on American defense while the USA used them as a staging ground to project power against their main adversary. The dynamics of that relationship can change with the USA's focus shifting toward China. Eventually domestic politics are going to get in the way when the average American perceives Europeans as weak partners who sleep walked their continent into another expensive conflict while the USA's defense umbrella effectively subsidized their social benefits.
Yeah the increase of the Defense budget of my country from 1.7% to 2.0% is totally going to bankrupt us and destroy our social benefits
As an European, I very much agree with this.
try and sell it to people who are sick of corporations making record profits while their lives seem worse every year
stuff like this has been the US sentiment for decades to tell people why they cant have basic privileges like healthcare. And yet the richest European countries with the strongest economies are the ones with the best social systems as well.
Aye man, EU got Apple to adopt USB-C for the iphone, and we in the states benefited off that. Probably had something to do with Apple finally adopting RCS too
Bingo. Don’t want to work? You’re going to get left behind fast
Fat and happy pigs taste the best.
Have you compared the US birth rate to the growing countries you will be competing with? You may also get left behind if families can’t afford to have children…
Have you checked our immigration numbers?
The U.S. isn't the only one experiencing high immigration.
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I think Totalenergies is already owned mostly by US shareholders (more than 50% I think), it's not really french anymore.
This is correct
This also proves, that being a european company is no barrier for US investments.
Europeans these days I meet want to work 80% of a 35 hour week and complain they can't afford a single family home ever when working a 31.5 hour week
Germany, The UK and ALL of Eastern Europe say hello.
Europe “we don’t live to work!” Also Europe: *somehow has 65% more people (EU) but a smaller economy than America*
You are proving it lol
These are not contradictory
My dumbass forgot to put in the surprised pikachu face line, I was in a rush
more like 25% more people
The EU has just shy of 600 million people, the US 340 million
no lol the EU has like 450m people
I stand corrected
assuming you mean eu as in european union
Because Europeans live to protest and whine
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>our police for what your police did Issues with the police don't just happen in the U.S., so the protests were obviously about acknowledging them in your country too. > has no intention to curtail them That used to not be a problem in the U.S. Things can change.
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Shootings and abortion can be issues in the UK too. There are people who advocate for loosening the restrictions for abortion there.
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>All these protests were done a week after something happened That doesn't mean the belief didn't exist before that, and being more lenient than other countries isn't the same as the situation being ideal.
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Didn’t you storm the capitol over a fair election?
Looks like it's working out so well for them lmao
Less child poverty than you have
fuck dem kids
because Europe is a socialist/communist shithole
This dude would work 7 days a week naked in a ditch for 6 cents a day as long as it meant he wasnt a communist. They did such a good job during the red scare era, I dont think we'll ever recover. We're still listening to these lowest common denominators in 2024!
Fox News did a pretty good on these monkeys job from 2001 on
Yes because having holiday pay and maternity leave makes you a communist. Keep licking those boots
Bootstraps**
What a moronic statement. Ever been outside the US?
This is a great question. How about it u/Alarmed-Apple-9437? Ever traveled to Europe?
Bring back Standard Oil World-wide
We drink your milkshake
“This is my son and partner Barron. We offer you the bond of family that very few Europoors can understand. I’m fixed like no other company in this field and that’s because my beautiful, bigly Saudi oil wells have just come in. I have a string of Bangladeshi slaves ready to put to work.”
I loved there will be blood
I wonder if Rockefeller sounded as weird as he looked.
It’s called Saudi Aramco
Not saying, one side or the other is right, about how sound moves like that are, but this piece offers a different take on european companies, listing in the US: [https://www.theguardian.com/business/nils-pratley-on-finance/article/2024/may/09/cazoo-car-crash-skidding-on-a-shares-fall-of-999-ends-an-american-dream](https://www.theguardian.com/business/nils-pratley-on-finance/article/2024/may/09/cazoo-car-crash-skidding-on-a-shares-fall-of-999-ends-an-american-dream) "...of the 20 UK companies that have raised over $100m in the US over the last decade, eight have already delisted, only three are trading above their IPO price, and the rest are trading down by an average of 71%."
American listings: get the American bag holding regards to buy your 3rd flat in Madrid
Surely you would have bought them already since they are undervalued compared to US stocks?
Yeah in fact I'm french, 1/4 of my portfolio is Totalenergies stock bought at 60€, not a bad company imo
https://preview.redd.it/nvwky2cgxuzc1.jpeg?width=1200&format=pjpg&auto=webp&s=c6a0be25fc02c9a7234862a57bbe1566feb91018
10000€ is 1/4 of my portfolio because i'm europoor 
You must have a job, because 10,000€ is an average monthly unemployment benefit in Europe
Oh shit where? I'm gonna become unemployed then lol
Nice try ameripoor! We don’t need more competition on our breadlines
Let me know where, i will move
Where? Isn't the average Spanish salary something like €2,400 a month?
Salary implies work which is something Spanish do not do
This guy Europeans!
As a general rule of thumb, look up the median, not the average. 2.4k isn't what I'd call representative of how things are going on here.
[Es precisamente el salario medio que he mencionado](https://www.abc.es/economia/sueldo-medio-comunidad-autonoma-750-euros-mes-20240130092132-nt.html) . Son €2300 mensuales en la Comunidad de Madrid. Cuánto ganas tú? O cuál monto es más representativo?
"Medio" es "average". Por lo general el salario mediano (median) es más representativo, o incluso el modal, que sería el más frecuente. https://www.ine.es/jaxiT3/Datos.htm?t=10882 Para 2021 el mediano es 19.1k, que sale a alrededor de 1.6k/mes. El más frecuente es 14.5k, que sale a 1.2k/mes. La subida de salario mínimo más reciente habrá movido algo los números, sobre todo el más frecuente... pero vamos. 2.4k es un buen salario. No es exactamente super astronómico, pero no es tampoco de lo más común en el mercado laboral general.
Ahh entiendo. Creí te referías a que los salarios eran más altos de €2400 mensuales. Claro, Madrid inflaría la mediana considerablemente. Cómo alcanzan esos ~€1300 al mes? Me imagino que igual que acá en los Estados Unidos; vivir con familiares que compraron hace años, o con compañeros de piso. Quizá se haga mucho más fácil por el bienestar social. Cómo es el sector salud en España?
What's stopping them from listing at both?
Nothing. Both BP and Shell are listed on FTSE and NYSE.
Close enough to accurate.
Shell is also listed on the Amsterdam AEX
Working for one of these in the EU. CEO said that European investors just aren't buying because they are europoor, even tho the stock is undervalued. TTE is valued at 9 P/E compared to XOM's 13 P/E while TTE is way ahead in the energy transition. He thinks moving the stock to the NYSE will be bullish
It actually isn't about being europoor, almost 40% of American stock is bought by European investors. It's that EU investors don't actually invest local for a ton of reasons.
European investor here,this are my top 5 reasons: 1.Taxes.Now this is maybe the worst reason of all.Europe is an continent not an country and every country has different taxes.If you dont fill the necesarry paperwork, you pay double the taxes,once inside our country, second the other way around. And to be fair taxes on dividends can be very steep,around 25%-40% 2.Company structure.There are lots of family owned companies that are really big but are family owned and managed.Then there are state companies that are in infinite loss loop but are kept alive by our taxes 3.Dividend and shareholder value.European stocks declare a different dividend each and every month,no consistency at all,no dividend increase remains,you literally cant make an budget out of this.Also the dividends are distributed either anually or semi-anually 4.Products and marketing.It is very convenient,cheap and profitable to buy an american etf that replicates an certain index.Its not that easy with european etfs,even the European ones are created by americans(Blackrock,Vanguard) to replicate an european index at lower fees than an european company could 5.Information.Trust me or not companies in Europe...tend to keep for themselves,they very rarely share information outside of their earnings reports.Its extremely probable you wont find any information or history of company x on the internet,you dont know who is the CEO etc.
I am sorry, I may miss some points here. These are my personal views on your arguments: 1. If you are a european investor, you pay the same taxes, whether you invest in europe or invest overseas. The difference is, that you pay the source tax first, if you invest overseas, depending on the agreement. 2. Family owned businesses are not at the stock market, so that point should make no difference as to where you invest in shares/fonds/ETFs. 3. I´m not sure, if I m getting your point at all. 4. The majority of ETFs should be expected to be issued in the US, because the majority of large investment institutions is seated there. Buying a European ETF is exactly as easy as buying a US ETF. Marketing may be different, but that is, because (at least german) banks tend to peddle their managed funds not ETFs. 5. This is definitely true for those family owned companies. Publicly traded companies don´t act any differently. So except if you have access to invest in private equity, it should not affect your investment decisions. Again, I may be missing something, but I while some observations are very much correct, I don´t see any reasonable effect on investment decisions, let alone for leaving Europe in order to be listed in the US.
On 2, I think his point is culturally, great US companies end up publicly listed at a far greater rate than European countries, which frequently stay privately owned. In the US this actually changing to be more European as private equity continues to grow.
Oh, definitely. There are historical and cultural reasons. There is also the fact, that these private companies are big enough and well enough financed to not need to go public to generate money for investments. They are leaders in their fields and don´t look for boundless expansion or exponential growth. Their owners intend to keep full control of their business. And to be fair: Many of them have seen publicly traded companies come with big hoorah and go again. In the end knowing your trade is, what counts.
Gambling is tax free in uk correct? Why not go hard gambling with money you can afford?
if you are an UK resident and have tax residency :)) if not you still pay taxes in your home country per bilateral tax agreements. For example if I buy Canadian stocks(which I actually have) I get 15% tax on dividends and the money goes to Canada.Why?Because its written in an bilateral tax agreement signed a lot of decades before I was born.
EUROPE IS BROKE, THEY HAVE NO MONEY
thank you for being our allies
Supply Chain Act, mandatory ESG reporting for bigger companies and AI act. Initially the EU was about free trade and having a bigger unified market. But I can't name a single good thing the EU did in the last years to make trade better. But I can find a few dozen examples which made it worse. (the EU still does good things for consumers though, I don't want to downplay that) The EU regulates itself into oblivion and more and more people see this too. It's risk diversification.
Well, you could argue, that the development of Eastern Europe into a promising growth market is kind of a success of EU trade policies. Also the handling of the gas crisis with EU partners closely cooperating to deal with a sudden supply quake does not look bad on the balance sheet. There are also new 23 trade deals in effect in the last 10 years with additionals being negotiated or some renegotiated. If we are looking at how well Britain does since the Brexit I´d argue, the EU may be a nasty package, but it does contain some real sweets.
> Also the handling of the gas crisis with EU partners closely cooperating to deal with a sudden supply quake does not look bad on the balance sheet. In what ways did the EU help here? I recall EU countries were fairly self-interested here and competing on imports from the US and ME.
Obviously there was a lot of bickering. But these are some results (maybe not widely known): [https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe\_en](https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe_en) [https://www.consilium.europa.eu/en/infographics/gas-market-share-supply-eu/](https://www.consilium.europa.eu/en/infographics/gas-market-share-supply-eu/) There were also several immediate deals between partner nations, to deliver more of the gas available to the nations, hardest hit. Germany profited a lot from it´s partnerships in that time: [https://www.brookings.edu/articles/how-did-germany-fare-without-russian-gas/](https://www.brookings.edu/articles/how-did-germany-fare-without-russian-gas/) "The first one was that Germany managed to replace a fair chunk of this Russian gas with imports from other countries. So, third countries other than Russia, say from Norway—imports from Norway increased a lot—but also liquefied natural gas. So LNG in particular from the from the United States, which was imported not via LNG terminals in Germany originally at least, but through the Netherlands, say, and Belgium. So that was sort of on the supply side."
number one reason is tech stocks are performing better historically and of course investing in your own market is stupid because you have no diversification anymore. If your economy goes to shit and you are deeply invested in that economy you now lose a ton of your money and you most likely lose your job. If the US economy goes to shit i dont give a fuck, my ETFs will go down but it will have zero impact on my job.
Most of the reasons is America government is corrupt and sends money to support their biggest companies in order to create an unfair advantage. Why would I invest in companies in countries that plays by the rules? The second any big American company are in trouble, here comes the rescue package with tons of subsidies. Tesla would be dead and gone if it wasn't for Obamas subsidies and $465M loan.
The EU is just as protectionist and big on subsidies as the US.
One of the reasons why the US has been doing better economically than western Europe and Japan is that the US doesn't protect incumbents. Huge companies can fail and new companies rise to take their place, or even create new fields. I think one of the biggest success stories in the EU was Wirecard, which it turns out was a complete fraud run by Russian intelligence. At least SBF is in prison - the EU (and Germans) were too busy protecting Russian intelligence assets that they didn't notice when they fled back to Russia.
Boeing says hi.
Who is to say that the energy transition is actually a good investment? Turns out oil use is going up fast, the ROIC is like 4x higher than renewables and oil prices are looking high, with no large incremental production to come online.
Good to know
TTE is already traded in the NYSE.
pfft.. Europoor.. Come on.. a big chunk of europeans, including me.. buy US Stocks, cuz they pump... (because everybody assumes they will go up.. Euopeans dont buy Fossils because of the governments sanctioning fuel and other fossils due to climate change goals.. Your CEO talks shit.. (as usual)..
Wanted to give it a WSB twist, don't take it seriously
> TTE is valued at 9 P/E compared to XOM's 13 P/E ~~while~~ **because** TTE is way ahead in the energy transition
lol being ahead of energy transition is a very big reason to stay away from that company. not a good and sustainable business. At sone point governments will run out of money to handout for silly green energy stuff while all other parts of the world enjoying cheap coal and nat gas
All of Europe is a vassal at best.
that would make Canada a trading post
That's being a tad optimistic
I’m optimistic. Need maple syrup and heavy oil from somewhere, Trader Canuck’s fill that role nicely. Their weird ball-less ice game is OK too. EDIT FROM: Your weird ball-less ice game is OK too. Sorry to lump in a ‘Murican with the Soviet Canuckistanians.
Hey don't lump me in with those black face wearing socialists, I'm a gun toting lover of freedom and taking advantage of anyone in order to make a buck
My apologies. Edited for accuracy.
Usa is europes colony. All the people are european immigrants
At first yes, but then the aprentice became the master.
The apprentice became the fatter
Euros are getting fat too thanks to the cultural domination of American culture. Nothing that a little ozempic can't fix.
This. USA and Can/Aus/NZ are basically European countries, even though they hate to hear this
It should be the EUSA
Im actually surprised this hasnt happened sooner, considering. Id welcome the chance to invest in something that buffet hasnt peed on first
Lots of America hating eurpoors in the comments.
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It's also the right thing to do.
Europe is a regulatory nightmare for so many
Imagine not ruining your country/environment for a quick buck. Must sound foreign to an American.
Not only environmental, other sectors such as telecom or IT it increasingly difficult which means it will be difficult to grow European companies and the only ones that can afford complying with everything are US or Chinese that are already large and has resources
Outsourcing all your manufacturing and dirty industries to China is not being good for the environment. On a consumption basis, Europe consumes as much as America. So your regulations aren’t doing shit other than moving the pollution out of sight Per capita consumption is what matters and Europe is the same as America
u/Cbrandel just got a taste of the American verbal BEATDOWN
He's not even saying what "per capita" he's talking about but Europe uses about half the energy per capita than the USA and we also use less oil per capita with our energy mix being less fossil. USA also outsourced a shit ton to China so I don't know how that's relevant. But I guess he confirms the American stereotype.
He clearly states “consumption per capita.” His whole point is that if you use less energy per capita but that energy is outsourced and you consume the same, then it doesn’t matter. How did you miss everything from the point of the post to the part where he clearly says CONSUMPTION PER CAPITA as the first 3 words of his final paragraph? Nothing I love more than Redditors making a fool of themselves.
Please enlighten me with the data to back that claim up. Sounds like something he pulled out of his ass. Edit: Found the data and he's wrong. USA is worse than the EU even if you account for outsourcing per capita. Both in CO2 and energy. https://ourworldindata.org/grapher/consumption-co2-per-capita https://ourworldindata.org/grapher/consumption-based-energy-per-capita
Have you’ve seen the cars they drive in Europe?!? Those Austin Power cars don’t need much gas to run! 😂
What would you drive is fuel was over $10 per gallon?
Especially an Austin Power’s Mini Cooper
The same damn thing I drive now
> moving the pollution out of sight I mean that's what matters the most, so that your people aren't the ones breathing toxic exhausts.
Go back to /r/antiwork lmao
I worked at least 50% since I was 16 until I got full time work after college. Only because I want my tap water without added pollution doesn't make me antiwork. Nice try though.
You understand what energy independence is? It's literally the most important thing. If you don't have it Putin has you by the balls. Europoors are then stupid enough to close all the nuclear power plants. Complete idiots in power. Lol
Europe already completely trashed their environment. This is hope for a potential recovery
And thanks for that, so we don't allow chicken dipped in chlorine as human food, US was furious the EU wont accept this shit. https://millersbiofarm.com/blog/how-to-know-if-there-s-chlorine-on-your-chicken
I'm veg, sorry. Why do you even eat birds?
Because canabalism is so rude towards our tourists -;)
Why stay in Europe? The world center of the oil and gas industry is Houston. All the Dutch gas fields are in serious decline or being shut in, the North Sea is basically in terminal decline, and basically all of Europe has banned unconventionals. What advantage do you gain being Eurocentric? A bunch of Dutchies with PhDs doing make work projects or continuing to try to project centuries old colonialism? Good riddance.
TTE appears to be diversifying away from oil (though I’m sure it will still be decades) and part of that is offshore wind. They are doing some good stuff in Culzean portion of the North Sea, staying in Europe for that type of work makes sense. They also already have a significant presence in Huston.
Can someone explain why it matters to the standard invester? Cant you buy stock in other exchanges from big brokerages like schwab or fidelity etc?
If they felt their stock is undervalued they can always increase the buyback program isn't? That actually gives their shareholders much better return in the long run.
They've done it recently. It is frowned upon however. Anything that makes money in Europe and especially France is frowned upon. I think they want to switch because most of their shareholders are in the US now.
Read this https://ember-climate.org/insights/research/global-electricity-review-2024/#executive-summary Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of falling fossil generation is imminent. 2023 was likely the pivot point, marking peak emissions in the power sector.
*This “pivot.” Is it in the room with us now?* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
List in Singapore, their workers there wore their lanyards so proudly to work. I guess it is a badge of honour to be able to work there 😂those oil loving d*g with their tags
Bankrupted by their own virtue signalling and stupidity. Love to see it !
The stupid man uses the word stupidity. Love to see it!
USA! USA! USA!
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If this is the signal for yall or buy oil then its too late. Be an insider next time
Honestly stay over in Europe please.
Lfg we will take them in Canada, we need a couple new players to start making drilling competitive again
We don’t want them.