Energy Sector Rotation and Falling Oil Prices Pressure TotalEnergies SE (TTE)

2 weeks ago 24

Soumya Eswaran

Mon, August 10, 2026 astatine 11:11 AM CDT 3 min read

Antipodes Partners published its "Antipodes Global Strategy" second-quarter 2026 capitalist letter, highlighting the cardinal show stocks, portfolio changes, and the marketplace outlook. A transcript of the missive tin be downloaded here. The 2nd 4th of 2026 delivered 1 of the strongest equity marketplace recoveries successful caller history, arsenic planetary equities gained 14.9% successful US dollar terms. Renewed enthusiasm for artificial intelligence, beardown firm earnings, and easing tensions with Iran supported the rebound, portion maturation stocks outperformed worth and emerging markets led gains, peculiarly Korea and Taiwan. The Antipodes Global Value Strategy underperformed its benchmark during the 4th and implicit the 12 months to June 30, 2026, arsenic returns became concentrated successful a constrictive radical of semiconductor and hardware stocks. Consumer staples and user discretionary holdings supported performance, portion accusation technology, software, and net vulnerability detracted. The steadfast remains cautious connected costly representation companies due to the fact that pricing and proviso stay cyclical contempt AI demand. The Strategy continues to favour valued infrastructure, specialty semiconductors, resilient software, and prime businesses. For insights into its cardinal selections for 2026, delight reappraisal the Strategy's apical 5 holdings.

In its Q2 2026 capitalist letter, Antipodes Global Strategy highlighted TotalEnergies SE (NYSE:TTE). TotalEnergies SE (NYSE:TTE) is simply a starring vigor institution that produces and markets lipid and biofuels, earthy gas, biogas, and low-carbon hydrogen, renewables, and electricity. On August 7, 2026, TotalEnergies SE (NYSE:TTE) closed astatine $85.83 per share. The one-month instrumentality of TotalEnergies SE (NYSE:TTE) was 7.49%, and its shares gained 43.01% implicit the past 52 weeks. TotalEnergies SE (NYSE:TTE) has a marketplace capitalization of $190.44 billion.

Antipodes Global Strategy stated the following regarding TotalEnergies SE (NYSE:TTE) successful its Q2 2026 capitalist letter:

"TotalEnergies SE (NYSE:TTE) underperformed arsenic weaker crude lipid and earthy state prices reduced net expectations and cash-flow forecasts crossed the integrated vigor assemblage successful enactment with geopolitical tensions easing implicit the Quarter. Concerns implicit slowing planetary economical maturation and softer substance request besides weighed connected commodity markets, portion accrued OPEC+ proviso expectations added further unit to lipid prices. Although TotalEnergies continued to payment from its diversified LNG, powerfulness and renewable vigor portfolio, these positives were outweighed by declining upstream net expectations. A broader rotation distant from antiaircraft vigor stocks toward higher-growth sectors and nett taking aft a stronger play besides contributed to weakness."

Read Entire Article