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Step Energy Services Ltd T.STE


Primary Symbol: 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. The Company’s segments include Canadian Operations and the United States Operations segments. It delivers completion and stimulation services to exploration and production (E&P) companies in Canada and the United States. The Company’s Canadian services are focused on the Western Canadian Sedimentary Basin (WCSB), while in the United States, its fracturing services are focused on the Permian basin and its 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
Post by 99921on May 27, 2006 12:05pm
139 Views
Post# 10911881

Limited Partnerships

Limited PartnershipsI recall that it was the company's plan to set itself up as several limited partnerships once it came out of the court process. I wondered at the time how that would be done and what relationship the new shares and shareholders would have relative to the interests of several limited partners and, presumably, one general partner. I haven't heard any more about that since I read the announcement of the arrangement. Does anyone have an understanding of how that was all put together? It would be interesting to know how the new corporate, if it exists, affects union agreements and the union's ability to alter or upset management's future moves.
Bullboard Posts