RE:RE:RE:RE:RE:RE:RE:Fair Value RBC report from Friday has STEP's upside target at $10 based on $159M 2023 EBITDA and a 4.5x ev/ebitda multiple which is lower than even junk Calfrac.
I predict that STEP's 2023 EBITDA will be higher than $180M with improved margins. I also think RBC will be revising their 2022 EBITDA forecasts for Q2, Q3 & Q4, all of which could be company records.
STEP should be above $12. It's not far fetched to say. One of more of deleveraging in a premium price atmosphere and we'll be off to new ALL TIME HIGHS.
Blueberry First Nation permitting issue to be resolved within a month or two which will increase activity levels in NE BC for many years to come.
Whynottoday2 wrote: $8, $10, $12..... all north of Morningstar's Take of $6.05. Hmmmm! Would have to say there is an 80-1 Rich Strike chance of a M&A and $12+ plays out!!