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Total Energy Services Inc TOTZF


Primary Symbol: T.TOT

Total Energy Services Inc. is a Canada-based energy services company. The Company provides a variety of products and services to the energy and other resource industries primarily in Canada, the United States and Australia. The Company operates through five segments: contract drilling services (CDS), rental and transportation services (RTS), compression and process services (CPS), well servicing, and corporate. The CDS segment is engaged in the operation of approximately 94 drilling rigs. The rig fleet is supported by a fleet of owned top drives, walking systems, pumps and other ancillary equipment. The RTS segment operates in approximately 13 locations in western Canada and three locations in the United States. The CPS segment fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment. The Well Servicing segment operates approximately 79 well servicing rigs across western Canada, northwest United States and Australia.


TSX:TOT - Post by User

Post by Elchico1973on Sep 08, 2023 8:16am
162 Views
Post# 35625661

Pullback

PullbackI sold my position yesterday.  I got in when it was just over 3$ and i want to take some profit while we are near a five year high.  I might be a little early but i have a feeling that this rally is about to get the rug pulled out from under it.  While I don't see how the fed would entertain the idea of any more rate hikes this month, you never know.  When everyone is certain of something that's when they like to surprise you.  Next year should be pretty exciting for oil and gas but i believe there will be another leg down before it shines.  we will see.... good luck.  
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