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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
Comment by askQuestions1on May 09, 2019 10:54am
112 Views
Post# 29728851

RE:Razor Thin Margin

RE:Razor Thin Margin
auburn2 wrote:
Check out the razor thin margin. On 176 million of revenue, costs were 167 million. That margin just barely paid G&A. It makes me nervous when a margin can't even cover the interest on debt. Institional brokers net sellers today: ITG, Instinet, GMP.


Revenue in March was more than double Jan and Feb combined....  Q2 has breakup in canada but US is ramping up...    Q3 could be very very good.....  

Stock priced as if things will never recover.... 
Bullboard Posts