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.

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Step Energy Services Ltd

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Post by Possibleidiot01on Nov 04, 2024 11:11am

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Post# 36295304

fund manager Martin Mathieu comment

STEP Energy Services (TSX: STEP) agrees to a $5 per share take-private transaction! The $359 million equity value represents a 40% premium over the last closing price.

The buyer is, you guessed it, a private equity firm (and current majority shareholder)!