Total Energy Services Inc (TOT.TO)

An oil/gas drilling and service company. They have the 11 rigs with 2 more on the way. Very conservative management. 52% payout ratio. Debt to cash flow is very reasonable. Likes their prospects going forward to increase their cash flow and increase their distributions.

Total Energy is a good little company which focuses on the oil service sector. It provides drilling and production to the oil and gas industries in Northern and Western Canada. Great run over the last year. It is one of the better positioned trusts in the market. Well positioned in regards to a conservative balance sheet. Payout ratio is 41%. They have a good management team. Next year looks really good for them.

Has done very well but wouldn't recommend anyone stepping into it right now.

On a valuation basis still trades at a discount. Distributions should increase. Yield is very attractive. Reduce your weighting when it reaches $15. Likes this company.

Loves the management team. Likes the energy service sector and would keep buying on any dips.