TotalEnergies SE
TOT
position
long
Tweedy, Browne
Thesis
Total was purchased by Tweedy, Browne as part of their strategy to invest in oil stocks when prices were low, indicating a belief in the company's resilience and potential for recovery.
Did it work?
worked
confidence: high
The long thesis on Total has played out successfully, as evidenced by a price increase of 101.9% over 214 months. The investment strategy by Tweedy, Browne to capitalize on low oil prices aligns with the observed recovery and resilience of the company. Given the significant time elapsed and the positive return, the thesis can be considered validated.
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