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Bullboard - Stock Discussion Forum 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... see more

TSX:STEP - Post Discussion

Step Energy Services Ltd > Oh well! This ones done for another year.
View:
Post by driller1a on Jul 06, 2022 10:08am

Oh well! This ones done for another year.

Oil tanking back into the $90s
Comment by retiredcf on Jul 06, 2022 10:54am
Most Canadian companies are making bucketloads with oil at $75.00. Given their solid results and multiple upgrades, a 16% decline in STEP today is nothing more than investor panic trumping very solid fundamentals. GLTA
Comment by pecuniam on Jul 06, 2022 12:01pm
Ok. But, if oil goes back to $75. STEP will be $1-$2 per share. Well... it's going there anyway. Nobody is buying this stock or any others any time soon.
Comment by retiredcf on Jul 06, 2022 4:26pm
I own 16 energy and energy related companies and they were all down today between 2 and 6% except for STEP. This includes a comparable company (CEU) which was down 3%.  Given the trading volume of 1M and no news from the company,  one can only speculate that a fund decided to cash out their holdings. GLTA
Step Energy Services Ltd
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