Step Energy Services Ltd T.STEP

Alternate Symbol(s): SNVVF

Energy Oil & Gas Equipment & Services

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

Step Energy Services Ltd

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Comment by Rocky7777on Oct 19, 2018 9:03am

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Post# 28833351

RE:RE:The most undervalued stock in its sector

The truth of the matter they had a strong buy above $10 and so did Nuttal!
At $4 I think it is worth considering. The numbers I provided were for 2018. If we use 2019 numbers and apply similae multiples, SP shall be $17 or higher. In fact RJ had a their target price at $24.
One other that they warned about was liquidity, company is 62% owned by ARC financial. But the
bottome line is that the stock is deeply undervalued! Furthermore, Q4 & Q1 are typically the time when things pickup in Canada and hopefully it will be the time when the US business become fully integrated. With 66 M shares out, they could easily implement dividend and pay debt down with their free cash flow

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