Topic: How To Invest

Dear Pat: I would be glad to have your views on the following stock: Total Energy. Thanks.

Article Excerpt

Total Energy Services, $16.69, symbol TOT on Toronto (Shares outstanding: 31.1 million; Market cap: $518.3 million; www.totalenergy.ca), provides contract-drilling services, rentals and transportation services. It also makes, sells, rents and services natural-gas compression equipment. The improving economy is prompting western Canadian oil and gas producers to increase production. That pushed up Total’s earnings to $0.30 a share in the three months ended September 30, 2010, from $0.08 a year earlier. The stock is up from $8 last July. It now trades at 12.8 times the company’s latest 12 months of earnings, and yields 1.0%. Total Energy Services is okay to hold. ..