Latest news with #TotalEnergy
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Total Energy Services Inc. Announces Dividend
CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — Total Energy Services Inc. ('Total Energy') (TSX:TOT) announces that its Board of Directors has declared a quarterly dividend of $0.10 (Cdn.) per common share for the quarter ending June 30, 2025 on Total Energy's outstanding common shares. The dividend is payable on July 15, 2025, to shareholders of record at the close of business on June 30, 2025. Unless otherwise indicated, all dividends paid by Total Energy are 'eligible dividends' within the meaning of subsection 89(1) of the Income Tax Act (Canada). Headquartered in Calgary, Alberta, Total Energy provides contract drilling services, rentals and transportation services, well servicing and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia. The common shares of Total Energy are listed and trade on the TSX under the symbol TOT. For further information, please contact Yuliya Gorbach, Chief Financial Officer at (403) 216-3920 or by e-mail at: investorrelations@ or visit our website at . The TSX has neither approved nor disapproved of the information contained herein.
Yahoo
25-03-2025
- Business
- Yahoo
Sell-off Alert: Don't Miss These Undervalued Canadian Growth Opportunities
Written by Amy Legate-Wolfe at The Motley Fool Canada Market downturns can be unsettling, but they also create opportunities. When stocks take a hit, solid companies often get dragged down with the broader market, presenting investors with a chance to buy undervalued growth stocks. Right now, several Canadian stocks fit the bill, including OpenText (TSX:OTEX), Savaria (TSX:SIS), and Total Energy Services (TSX:TOT). Each of these companies has strong fundamentals and long-term potential, making them compelling choices for investors looking to capitalize on the recent sell-off. OpenText is a leader in enterprise information management software, helping businesses manage and secure their data. While technology stocks often experience volatility, OpenText's core business remains strong. In its second quarter of fiscal 2025, it reported revenue of $1.3 billion, a 13.1% decline year over year. While that drop may seem concerning, cloud revenue actually increased by 2.7% to $462 million. This shift toward cloud services reflects OpenText's ability to adapt to industry trends. The growth stock also delivered strong profitability. Net income surged to $230 million, a massive jump from $38 million in the same quarter last year. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $501 million, representing a 37.6% margin. These numbers show that despite some top-line pressure, OpenText remains highly profitable. It also rewards investors with a dividend, currently yielding about 2.4%, thus making it an attractive pick for those looking for both growth and income. Savaria operates in a completely different space, specializing in accessibility solutions for people with mobility challenges. This is a growing industry as aging populations create more demand for home elevators, stairlifts, and other accessibility products. Savaria has carved out a strong niche in this market and continues to expand. In fiscal 2023, Savaria generated $837 million in revenue, up 6.1% year over year. This growth was driven by a 6.7% organic increase, along with a favourable foreign exchange impact of 3.2%. The growth stock's largest segment, Accessibility, accounted for 80% of total sales in Q4 and saw revenue climb 4.3%. North America was the standout performer, with 13.6% growth in that segment. Savaria's margins also improved. Gross profit hit $286 million, representing 34.2% of revenue, a 200 basis point increase from the previous year. Operating income rose 12.8% to $72.2 million, while adjusted EBITDA grew 8.2% to $130.1 million. These figures indicate a well-run company with strong operational efficiency. Given the long-term tailwinds of an aging population, Savaria looks like a solid bet for continued growth. Total Energy rounds out the list as an energy services provider with operations in Canada, the United States, and Australia. While energy stocks often fluctuate with commodity prices, Total Energy has managed to maintain solid financials despite the ups and downs of the industry. For the full year ending December 31, 2024, the growth stock reported $906.8 million in revenue, a modest increase from $892.4 million the previous year. More importantly, net income saw a significant jump, rising from $41.6 million to $60.8 million. Basic earnings per share from continuing operations also increased from $1.03 to $1.56. Total Energy's stock recently traded at $9.20, sitting 3.6% above its 52-week low of $8.88. TOT's market capitalization is about $350 million, and it has a price-to-earnings ratio of 8.61. These numbers suggest the growth stock may be undervalued, particularly given its strong earnings growth. For investors willing to ride out the energy sector's cyclical nature, Total Energy offers an attractive valuation. When looking for undervalued growth stocks, it's essential to focus on companies with strong financials, solid business models, and growth potential. OpenText, Savaria, and Total Energy all fit these criteria in different ways. OpenText is a tech leader shifting toward cloud services while maintaining profitability. Savaria is capitalizing on an aging population and improving margins. Total Energy is navigating the energy sector's challenges while delivering rising earnings. A market sell-off can be nerve-wracking, but it also provides a chance to buy quality stocks at a discount. For investors willing to do their research and take a long-term view, these growth stocks could offer significant upside as the market stabilizes. The post Sell-off Alert: Don't Miss These Undervalued Canadian Growth Opportunities appeared first on The Motley Fool Canada. Before you buy stock in OpenText, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and OpenText wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $20,697.16!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*. See the Top Stocks * Returns as of 3/20/25 More reading Best Canadian Stocks to Buy in 2025 Here's Exactly How $15,000 in a TFSA Could Grow Into $200,000 4 Secrets of TFSA Millionaires Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Total Energy Services. The Motley Fool has a disclosure policy. 2025
Iraqi News
06-03-2025
- Business
- Iraqi News
Ministry of Electricity: Launching the largest solar energy project in Iraq
Baghdad - INA The Ministry of Electricity announced today, Thursday, the launch of "Shams Basra", the largest solar energy project in Iraq. The ministry said in a statement - received by the Iraqi News Agency (INA): "Today, in cooperation with Total Energy, the "Shams Basra" project was launched, which is the largest solar energy project in Iraq." He added that "the launch of the project comes within the framework of the efforts of the Minister of Electricity, Ziad Ali Fadhil, to diversify energy sources," noting that "the French company Total Energy has begun civil works to build a solar-powered power plant in Basra Governorate." He continued, "The project extends over an area estimated at 9,000 acres in the Basra desert, and includes about two million solar panels distributed over four generating units," noting that "the station will produce 1,000 megawatts of clean electricity, at a rate of 250 megawatts per unit." She explained that "the ministry is supervising the implementation of the project, which represents a strategic step towards reducing dependence on imported fuel and enhancing energy security in the country."
