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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 > Incredible results for Q4 y/e
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Post by EstevanOutsideron Mar 17, 2022 12:20am
261 Views
Post# 34520831

Incredible results for Q4 y/e

Incredible results for Q4 y/eHuge yoy reduction in debt. Normalized credit metrics. Record US ebitda. Rates exceeding inflationary costs. Fully booked Q1 with stronger than expected visibility into Q2. Rapidly tightening market. Calfrac is becoming distressed. Doubt we stay below $4 for much longer... let alone $2. Great work by STEP!
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