TotalEnergies S.E. Will Be A Long-Term Winner In The European Energy Crisis

Sep. 06, 2022 2:48 PM ETTotalEnergies SE (TTE) StockTTE22 Comments
Gavin Barwell
504 Followers

Summary

  • TotalEnergies is basically flat for the year, despite soaring gas prices and energy stocks leading the market.
  • The company’s Russian operations are weighing on the stock.
  • However, the nature of the European energy crisis suggests that the company is well poised to be a long-term winner in the market.
Exterior view of the headquarters of the oil company TotalEnergies, formerly known as Total

HJBC

TotalEnergies S.E. (NYSE:TTE) has not been an immediate beneficiary of the European gas crisis. The company took the unusual decision to remain in Russia after that country’s invasion of Ukraine. The stock price has performed tepidly year-to-date. However, the characteristics of the European

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