The Globe and Mail reports in its Friday edition that ATB Capital analyst Tim Monachello rates Total Energy Services "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Monachello continues to target the shares at $20. Analysts on average target the shares at $19.50. Mr. Monachello says in a note: "Total Energy is up 29 per cent year-to-date in 2025, and remains a top pick for 2026 given its 1) top-tier EBITDA growth profile (16 per cent 2026e); 2) its exposure to robust demand for natural gas compression and processing systems through its compression and process services segment that reported record backlog at Q3/25, underpinning 47 per cent of 2026e EBITDA growth; 3) exposure to idiosyncratic growth opportunities, most notably in its Australian drilling and well servicing businesses; 4) low exposure to U.S. oil basin D&C activity; we estimate U.S. D&C exposed service lines comprise just 5 per cent of 2026e revenue; 5) clean balance sheet (0.3 times net leverage) and growing FCF profile sufficient to fund robust shareholder returns, high-return organic growth opportunities, and potential acquisitions. TOT trades with among the most attractive valuations in our coverage."