Trican or STEPTrican, page 16 of 27...."..will look to add or grow additional service lines in Canada after the Canyon integration is complete".
Integration should be fully complete by end of Q1 2018.
https://www.tricanwellservice.com/sites/default/files/pdf/Trican%20IR%20Presentation%20-%20January%202018%20%28FINAL2%29.pdf
STEP, page 3 of 16..."..Demonstrated ability to grow both organically and through multiple acquisitions"
https://www.stepenergyservices.com/images/pdf/2018-01-STEP-Marketing-Presentation.pdf
It is highly unusual for a Canadian services company to go public and NOT do ANY m+a. They have been public since May 2017. Vast majority since 2005 have done several deals in their first year. ARC Pvt Equity could be a hinderance but they are down to a 67% stake now and headed lower as the year plays out.
The BOD has a fiduciary responsibility to shareholders which they have not fullfiled. Either find a deal which you prefer or I can 100% guarantee that a private equity vulture will come calling as crude/natty head higher.