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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (40930)2/9/2018 8:10:23 PM
From: Goose94Read Replies (1) of 202371
 
Step Energy Services (STEP-T) top pick from Eric Nuttall on BNN.ca Market Call Friday Feb 9th @ 1300ET

STEP Energy has been weak for the same reasons as Trican. in addition to suffering from a liquidity discount due to ARC Financial owning 67 per cent of the company. Pending a sell down by their major shareholder as a means of increasing the float and liquidity, we see the strong potential for a rerate, with the stock trading at 2.80-times 2018 and 1.9-times 2019 EBITDA. The valuation makes absolutely no sense.
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