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        Hi I am Ted Dixon with
        your INK Morning Report
Preview for
        September 14th: Insider
buying
        continues at Total Energy
Services.
        Thanks to my son and
daughter and
        their beautiful mom who
        gave me this birthday
T-shirt,
        we can dream big with
        our barbell strategy theme
which we
        highlighted in Monday's
market report
        and summarized here
yesterday.
        Generally we are favouring
        a barbell approach to
equity allocation that
        includes both D-economy
stocks that could do
        well if long-term bond
yields fall on
        the back of recession
fears and
        G-economy stocks that
could do
        well if inflation fears
rise.
        Today, we return to
        G-economy stock Total
Energy Services.
        Since our June 10th report
on Total Energy,
        the stock is off just over
8% as
        investors sold oil & gas
related names
        on the back of growth
fears.
        However, insiders have
continued to buy.
        In addition, the company
has also spent
        $2.4 million buying back
its own shares.
        Meanwhile, losses have
narrowed.
        According to Refinitiv and
INK data,
        trailing 12-months
earnings per share
        stood at -27 cents,
        a 44% improvement over the
previous year.
        When it reported Q2
results management
        noted that it was almost
doubling
        its capital budget for the
year to
        $26.7 million to
capitalize on
        the improving environment
and
        to manage longer lead
times in
        ordering equipment due to
supply chain risks.
        Well good thing those
issues
        are only transitory.
        Now the stock's recent
underperformance
        should be put in context
of
        its 12-month gain of 94.1%
as of Friday.
        That is well ahead of its
Energy peers and
        the broad Canadian market
which advanced
        58.5 % based on
        the INK Canadian Insider
Index.
        You can read more about
        Total Energy Services in
        our full report which is
        available at
inkresearch.com,
        canadianinsider.com via
        the Canadian Insider Ultra
Club or
        via INK Ultra Money where
members can
        download it right under
this video.
        Well thanks for stopping
by and click on
        the notify button under
this video on
        INK Ultra Money to be
        notified when we have
        our next preview
available.
        You can also follow
        us on Twitter
@inkresearch.
        That is all for
        today and I hope to see
you again
        tomorrow as we let the
insiders guide
        us to opportunity this
fall.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.