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Royal Helium ( (TSE:RHC) ) just unveiled an update.
Total Energy Services Inc. has announced a preliminary capital expenditure budget of $61.9 million for 2025, allocating $34.3 million for expansion and $27.6 million for equipment maintenance and recertifications. The expansion budget includes significant investments in Canadian drilling and service rig upgrades, as well as growth in the North American natural gas compression rental fleet. The company plans to finance these expenditures through cash on hand and operational cash flow, reflecting a strategic focus on enhancing its service offerings and maintaining equipment efficiency.
More about Royal Helium
Total Energy Services Inc. operates in the energy services industry, offering contract drilling services, rentals and transportation services, well servicing, and compression and process equipment services to energy and other resource industries. It operates from centers in North America and Australia, and its shares are traded on the TSX under the symbol TOT.
YTD Price Performance: 0%
Average Trading Volume: 390,714
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$7.16M
For detailed information about RHC stock, go to TipRanks’ Stock Analysis page.
