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XLE - TotalEnergies: Lower Returns Ahead But Still A Long-Term Buy
SPDR Select Sector Fund - Energy Select Sector
2024-04-11 13:32:37 ET
Summary
TotalEnergies SE outperformed the broader energy sector over the past year, delivering a total return of 23%.
The stock no longer appears to be trading at a discount, which would have repercussions for returns in the short term.
TotalEnergies stock, however, remains a long-term buy and is well-positioned to continue to outperform its peers.
About a year ago, I made the case for investing in TotalEnergies SE ( TTE ) as a way of getting exposure to the highly attractive energy sector by also diversifying away from the U.S. market....