To date, I haven’t bought any oil stocks, and there have been many good reasons not to do so.
However, I now have 17 stocks in my two portfolios and feel I need an oil stock for diversification purposes. Although I recently bought a Tesla - and I am in love with it - that doesn’t mean that the production of combustion engines is coming to an end anytime soon.
TOTAL is not only a family-friendly stock, it also has an excellent Obermatt ranking. Both are good reasons to invest. Today, I am investing in oil, despite the fact that I think electric is the future for cars. The joy in driving an electric car is just unparalleled.