If French integrated oil company Total SA (NYSE:TOT) can do what management says it can, this could be one of the better-performing energy majors over the next five years, even with a strong 50% run over the past year that is second only to Statoil (NYSE:STO), among the majors. The catch there is that what management is looking to do is not going to be easy - post one of the best five-year production rates while reducing capex, execute on multiple high-risk projects, and turn the downstream operations around so as to generate double-digit returns on capital. Although I'm not as bullish on Total's prospects as its management team, I do nevertheless think this is one...
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