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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Comment by auburn2on May 02, 2019 3:52pm

119 Views

Post# 29702794

RE:Almost 3% short at April 15, Up from 2% in December

Looking at the chart and comparing it against spot oil, you may as well consider STEP a leveraged bet on oil like a 3X oil ETF. No use thinking of this as an investment when its fortunes are so heavily tied to spot oil. A good stock for swing trading. So far the US expansion hasn't added EBITDA if I remember correctly.

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