Step Energy Services Ltd T.STEP

@ the Bell: TSX makes a comeback

[Jon Brown]

Shaky metal prices were offset by a jump in oil prices. The TSX’s gains were limited by weakness among healthcare shares. read article.

[Jon Brown]

Buzz on the Bullboards: Markets underperforming, or is the best yet to come? The September rally didn’t pan out as indices hit lows. read article.

[Jon Brown]

Oil prices jumped, but Canada’s main stock index fell further. Energy was the only standout, with the tech sector logging some gains. read article.

[Whynottoday2]

....... another positive FCF beat?? zzzzzzzzzz 

[ThirdStringBot]

Liberty has outperformed Step this last year. although if you go back 5 years the share performance has been similiar 

[Whynottoday2]

...... giving it a high BOD risk-factor?  Operationally the company is meeting and/or exceeding expectations MoM/YoY, top quartile in earning past 3Qs, net-debt soon to be zero, 1/3 the share

[PressRelease]

CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Ms. Rachel Moore as an independent director of STEP’s board of directors, effective October 1, 2023. Ms. Moore is currently serving as the executive vice president...read article.

[Whynottoday2]

..... or Liberty Energy drag effect ??

[Whynottoday2]

...... the BOD would've had a policy in place to buyback extremely discounted O/Ss on the open market, may never know?  Hopefully they don't mess up the divvy policy rollout by quarter

[Whynottoday2]

..... allow at least one/two more record quarters of FCF to go by and force the BOD to buy back at least 5% of the O/Ss before deciding to implement a dividend policy! Damn short covering!! What are

[Whynottoday2]

.... to the float not reducing the float of outstanding shares, bat-poop crazy!  With the high FCF and a stock trading at ~2x ev/ebita, stackholders are as confused as stockholders! 

[MiningCharts]

https://miningcharts.substack.com/p/new-position-akita-drilling

[Whynottoday2]

Water is receding exposing business plans before the NEBC LNG Montney tsunami hits hard!  Most CEOs are forecasting blueskys on the horizon, now will the BODs respond ....... should be an

[oilpig2022]

Other companies are offering signing bonuses.... steps in trouble 

[Whynottoday2]

WAG but without BOD support of a shareholder value enhancement policy Management will struggle to keep "field professionals" jumping the fence to greener pastures?  Others in the

[Whynottoday2]

..... like everyone else why would Ark not "want" the company to use some off its record FCF to buy-back shares?? 

[Whynottoday2]

Step is trading at 2023e/24e EV/EBITA multiples of2.0/1.8x (peers 2.9x/2.8x) ...... RBC sees a tightening of the gap!   Balance sheet improving; with >$1.25/sh of FCF in 2023e the balance

[Whynottoday2]

..... after seeing RBC-CM $5.50 rerate for TCW (BV/sh $2.37e), STEP (BV/sh $5.24e) should be north of $7?