Total Energy Services Targets 5% Share Buyback After Stock Surge

With its stock price more than doubling since the start of 2026, Total Energy Services is set to return capital to investors through a new share repurchase program. The drilling services firm secured Toronto Stock Exchange approval to cancel up to 1.82 million common shares over the coming year.

October 19, 2026, 04:22 PM 343 0

Total Energy Services Targets 5% Share Buyback After Stock Surge

The company’s normal course issuer bid allows it to acquire approximately 5% of its public float starting October 21. Based on Friday’s closing price of 36.44 Canadian dollars, the total value of the intended buyback reaches roughly 66.1 million Canadian dollars.

This aggressive repurchase strategy follows a period of significant growth for the Calgary-based firm, as its shares climbed to 25.77 U.S. dollars by the end of last week’s trading session.

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