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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 Mar 06, 2019 9:26pm
62 Views
Post# 29453093

RE:RE:RE:RE:STEP/TCW/CFW Comparison

RE:RE:RE:RE:STEP/TCW/CFW Comparison
auburn2 wrote: "As of December 31 2018, the Funded Debt to bank EBITDA ratio was 2.2."

So they're way under the new covenant ratios which is what I would expect of a premier ARC-backed vehicle. Going bankrupt? No, and it's also highly unlikely they'll need to issue any equity to satisfy the credit facility. Too much emotional posting on these boards.


I still don't understand why it crashed this way!!!!
Sure it was trading like sh!t compared to the other 2 and be punished even more like today is beyond me!
Management need to have more skin in the game by buying their own SP and tasting the tucker recipe of success
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities