TTE - Total Energies: Cheap Highly Profitable And Returning 9.3%
2024-02-23 08:11:47 ET
Summary
- TotalEnergies is a profitable and well-positioned integrated oil company with a disciplined capital strategy and focus on the renewable energy transition.
- The company is attractively priced in the market, making it a potentially good investment opportunity, although multiple expansions may be muted over the medium term.
- Instead of buying shares in the company, TotalEnergies might be best used as a platform to sell put options, which could generate strong cash-on-cash returns for investors.
TotalEnergies ( TTE ) is one of the largest integrated oil companies in the world, and also one of the most profitable. With tens of billions in CFFO, a disciplined capital strategy, and an eye towards the renewable transition, the company is well positioned for the future.
Despite these strengths, TotalEnergies is also attractively priced in the market, both on a historical basis, as well as a relative one....
Total Energies: Cheap, Highly Profitable, And Returning 9.3%