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Total Energies Has Strong Free Cash Backed By High Yielding Growth Profile
We feel that TTE has a compelling expansion profile with a strong investment focus in LNGs and pushes into renewables without sacrificing high-yield traditional investment opportunities in oil exploration and production. TTE has a dividend yield of 5.57%, and trades at just 7.8x earnings. We feel this valuation fails to incorporate the peer-leading production profile growth of 4% CAGR to 2030, and rock-solid balance sheet.
Economic and Market Review October 2024
Real GDP growth came in at 2.8% year over year, with inflation moderating to 2.4% year over year, though food and shelter were still elevated.
Is Your Portfolio and Retirement Safe from the Devasting Damage of Inflation?
Investors need to be aware that inflation damage compounds over time. We have undergone a secular change, and inflation will continue to move up over the medium term.
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