Bullboard - Stock Discussion Forum 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... see more

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Step Energy Services Ltd > $STEP needs to Step up its game

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Post by BullBuy on Aug 07, 2024 1:00pm

$STEP needs to Step up its game

What a mess their US division is becoming. They basically shut down their US FRAC and parking the equipment. Poorly managed or just got way in over their heads when they bought Tucker Energy back in 2018?

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Comment by EstevanOutsider on Sep 09, 2024 2:55am

Arc 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 ...more

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