Please ensure Javascript is enabled for purposes of website accessibility

TOTAL S.A. (TOT)

Total S.A. (TOT) is one of the world’s largest publicly-traded, integrated oil and gas companies. Its global businesses cover three segments: 1) upstream exploration and production, 2) downstream refining and marketing and 3) chemicals. We view Total as an attractive international major oil play due to its low...

Total S.A. (TOT) is one of the world’s largest publicly-traded, integrated oil and gas companies. Its global businesses cover three segments: 1) upstream exploration and production, 2) downstream refining and marketing and 3) chemicals. We view Total as an attractive international major oil play due to its low cost structure, high profitability potential and solid balance sheet.

“While continued sluggishness in gas prices and the weakening European economy create near-term headwinds, the French oil giant expects existing projects to spur long-term growth. The company is also considering potential upstream acquisitions, including those that would build up its Canadian oil sands operations. Too, its valuation is compelling as the stock currently trades at less than 6 times estimated consensus forward earnings. Its price-to-sales multiple of 0.5 leaves the shares changing hands at a discount to its integrated oil peer group. And, last but certainly not least, giant-cap Total currently offers a dividend yield north of 5%.”

John Buckingham, The Prudent Speculator, January 2012

John Buckingham leads a team that scours the equity markets in search of undervalued stocks for money management clients and newsletter subscribers. He is equally resolute in his management of Al Frank’s proprietary mutual funds. Mr. Buckingham has been a part of Al Frank Asset Management since 1987 and is the company’s largest shareholder. He has served as the firm’s Director of Research since 1989 and Chief Portfolio Manager since 1990. Mr. Buckingham graduated magna cum laude from the University of Southern California in 1987 with a B.S. degree in computer science and a minor in business administration. His opinion is widely sought: he has appeared on numerous television and radio programs, is frequently interviewed by publications and conducts workshops at investment seminars.