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Step Energy Services Ltd 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
Comment by Loudermilkon Nov 10, 2018 11:06am
108 Views
Post# 28954905

RE:RE:Target $1.75

RE:RE:Target $1.75Maybe I'm completely off here but years ago when I worked for Calfrac the majority of the wells we serviced were natural gas wells and although oil is apparently in a bear market according to CNBC and others, there is a shortage of natural gas in Western Canada due to the Fortis incident last month. Watching the relentless sell off I thought "is this the ulimate contrarian bet?" While everybody is losing it over the price of oil out east and oil names are tanking the west is being told to conserve their natural gas usage because we're literally going to run out. Everybody always forgets about BC.
Bullboard Posts