TotalEnergies: A Long-Term Play For The Patient

TotalEnergies SE remains attractively valued, trading at a sub-12x P/E, well below the S&P 500 and its historical average. In spite of the high recent returns, TTE remains conservatively priced, especially once we consider profitability and potential long-term growth. The dividend is yet another reason to consider TTE, as the company is in a very good position to continue growing its annual dividend outlays. I retain my buy rating on the stock as it remains one of my favourite non-US-based oil & gas companies.

In recent years it has been extremely difficult to make a case against large Oil & Gas companies. With higher energy demand every year and more geopolitical instability the large-scale oil companies have become the backbone of today's