Summary
- TotalEnergies remains a Buy, offering exposure to European oil with a strong LNG/natural gas focus and disciplined cost management.
- TTE’s robust shareholder returns, asset rebalancing, and growth pipeline position it well for macro improvements, despite recent revenue misses and sector volatility.
- Ongoing cost savings, asset sales, and investments in renewables and core projects support free cash flow growth and long-term value creation for TTE.
- Valuation suggests solid upside even at current oil prices, making TTE attractive for long-term investors seeking good long-term income in a cyclical sector.
alvarez/E+ via Getty Images
Introduction
During my [previous coverage of Total…
Summary
- TotalEnergies remains a Buy, offering exposure to European oil with a strong LNG/natural gas focus and disciplined cost management.
- TTE’s robust shareholder returns, asset rebalancing, and growth pipeline position it well for macro improvements, despite recent revenue misses and sector volatility.
- Ongoing cost savings, asset sales, and investments in renewables and core projects support free cash flow growth and long-term value creation for TTE.
- Valuation suggests solid upside even at current oil prices, making TTE attractive for long-term investors seeking good long-term income in a cyclical sector.
alvarez/E+ via Getty Images
Introduction
During my previous coverage of TotalEnergies SE (TTE), I pointed out their disciplined cost savings and asset rebalancing plans while maintaining a robust dividend policy and scaling back buybacks due to macro uncertainties, with the stock being up
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