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. 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

Step Energy Services Ltd

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Post by TallerCraigon Jul 26, 2018 2:22am

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Post# 28369049

Calfrac Q2 gave you the Green Light to Load up on STEP

Pumping sector dynamics in Q2 remain real strong especially in the US. Fracturing revenue/job (US up 41% YoY, CDN up 4%) Fracturing jobs (US up 62% YoY, CDN up 13%) The Tucker acquisition is going to give them close to a 40/60 split US and CDN revenue. I still think that revenue estimates are too low US market is still booming. At 3x EBITDA with only 1 turn of debt it is way too cheap. LONG

Bullboard Posts

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