RE:$STEP needs to Step up its gameArc Financial probably the issue. These guys are behind the curve on OFS. Missed opportunity to sell the company and misread the outlook. Today's OFS sector is a tech race. The US particularly is hrad, given the upgrades to Tier 4 duel fuel & now e-frac. E&P consolidations making it harder for them.
Arc Financial has to bite the bullet and accept they lose.
Now even the buyback have stopped, something which could have been a value add.
Calfrac buying from Armoyan and Pellerin is interesting. Wondering if they know there is an M&A bid under Calfrac. Have to think that could apply to STEP as well, but perhaps Arc Financial is unwilling to put egg on their face and admit they misread the situation after holding it for so long.
Other then M&A, STEP will be have to thug it out until shale declines start making a debt on inventories. Dont' think that happens overly next year but probably in 2026.
Low risk entry point here. The risk is dead money.