Monday, April 29, 2013

Some investors and commentators treat the international oil majors as an undifferentiated mass, suggesting that investors need only follow dividend yields and/or PE ratios to find the best bargains at a given point in time. Total (NYSE:TOT) offers a good example of why that's not a very good approach. While Total's aggressive exploration program could offer some upside to production and profits down the road, the company's leverage to high oil prices and lower margins/returns underline a riskier business model that ought to trade at some discount to peers.

Please follow this link for more:
http://www.investopedia.com/stock-analysis/042913/total-looks-cheap-theres-reason-tot-xom-cvx-apc-su-sto.aspx

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