RE:RE:Unbelievable MetricsBased on this transaction ( which I posted previously) , the stock may be properly priced?
CALGARY, Alberta, Sept. 01, 2022 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce that its U.S. subsidiary, STEP Energy Services (USA) Ltd., has acquired four high-spec, ultradeep capacity coiled tubing units, ancillary equipment along with the divisional leadership and operational personnel from ProPetro Holding Corp. (“ProPetro”), a leading Permian Basin energy services company, for approximately $17.2 million CAD (the “Acquisition”). The Acquisition solidifies STEP as North America’s leading provider of deep capacity coiled tubing services, with a large footprint and deep expertise in the Permian Basin and other oil and gas producing areas in the southern U.S.
Also notice STEP says it's North America’s leading provider of deep capacity coiled tubing services ( which takes out a large potential buyer) so the question here is why ESN was not bought - too large a purchase for STEP at this time? , not operating in the right area ( U.S. vs Canada/ U.S. ?