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Step Energy Services Ltd T.STEP

Alternate Symbol(s):  SNVVF

STEP Energy Services Ltd. is a Canada-based energy services company. The Company is engaged in providing coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions. It delivers completion and stimulation services to exploration and production (E&P) companies in Canada and the United States. In Canada, the Company delivers coiled tubing and fracturing services in the Western Canadian Sedimentary Basin. The Company's Canadian services are focused on the Western Canadian Sedimentary Basin (WCSB), while in the United States, its fracturing and coiled tubing services are focused on the Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado and the Bakken in North Dakota.


TSX:STEP - Post by User

Bullboard Posts
Post by TallerCraigon Jul 26, 2018 2:22am
156 Views
Post# 28369049

Calfrac Q2 gave you the Green Light to Load up on STEP

Calfrac Q2 gave you the Green Light to Load up on STEPPumping sector dynamics in Q2 remain real strong especially in the US. Fracturing revenue/job (US up 41% YoY, CDN up 4%) Fracturing jobs (US up 62% YoY, CDN up 13%) The Tucker acquisition is going to give them close to a 40/60 split US and CDN revenue. I still think that revenue estimates are too low US market is still booming. At 3x EBITDA with only 1 turn of debt it is way too cheap. LONG
Bullboard Posts