- Total Energy Services operates in four segments: contract drilling, equipment rentals and oilfield transportation, gas compression and process products and services, and well servicing.
- Each of these OFS segments has experienced steady recovery since 2Q 2020. The company threw off plenty of FCF, which was used to repay debt, buy back shares, and reinvest.
- In spite of the massive upside and decreasing risk, it is still deeply undervalued relative to its tangible book value and earnings power value.
For further details see:
Total Energy Services: Time To Consider This Oilfield Service Stock