RE:See what kinda margin these guys can make now that they are
If STEP is wise then they will use their 2x book valued equity to pick off some their distressed publicaly traded competitors. ESN being the most logical as the unified company would have the dominant coiled tubing operation in Canada, be able to shift some of the equip to the states and bolt on a high margin tool rental biz with ops in Canada and USA. Smaller deals to be had in the private market but none which would add the same scale.