Total: Invest in Future Oil Demand While Collecting a Substantial Dividend

With oil and energy stocks surging, it's harder (but not impossible) to find companies with reasonable valuations and growth prospects. Total (TOT) is a major integrated oil company, based in France, with operations worldwide. Their operations include exploration and production of natural gas and oil, refining of crude, manufacturing of specialty chemicals, and they operate thousands of retail gas stations. These shares have traded in a range between $43.07 to $62.31 over the past 52 weeks and currently trade for $60.11. Total is aggressively expanding in several areas to drive future growth. Recently, Total acquired interests in four shale exploration licenses located in Argentina. Total will conduct seismic studies for these new interests in 2011. Total made acquisitions of about $4 billion last year which included buying interests in the Barnett Shale, as well as other projects in Canada, Australia and the U.K. On March 2, 2011, Total announced a... Read more

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