Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose Total as his stock pick of the day. “Total, the energy producer, is my stock pick of the day. I like the stock because it goes across the value chain from sucking the oil out of the ocean, to producing, refining, distributing and marketing it to the end consumer, so they have the whole value chain. When it comes to their valuation metrics, it looks quite reasonable. Their earnings outlook is not too bad and on top of it for me a 5% dividend yield in euros is the cherry on top.”
Or listen to the full audio:..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.