Total Energy Services Inc. (TOT) Social Stream

Total Energy Services Inc. (TOT): $48.30

0.29 (-0.60%)

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Industry: Foreign Oil & Gas




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Featured Post From StockTwits About TOT

$TOT This is from latest "Earnings Transcript" Troy Meier (CEO) Thanks, Deb. Thanks, everybody, for joining us. Q1 was a solid quarter for us. We had a strong improvement over the fourth quarter of last year and this was driven by the strength of the U.S. market. You're all aware of the steady increase in rig count that we've been seeing. I believe, so far in this quarter, we've been averaging about 19 rigs per month increase so that's been wonderful. When we look at the tools that are being ordered, we started seeing an increase in orders in late December for new tools, and that has followed through all the way up until today now have a contract with Halliburton in Iraq for the tool. And in addition to Halliburton, we have Schlumberger looking to run the tool and we have Weatherford looking to run the tool, so we now have tools on their way to Iraq and we're looking forward to some good performance of our products there. We have opportunities in Oman, and UAE.,,,,.
davooo, published June 12, 2021

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