Energy Stocks, Like STEP, High-Step on COVID Measures, Oil Production News

Energy Stocks, Like STEP, High-Step on COVID Measures, Oil Production News

By: Tomas Ronolski - News

Thursday, April 2, 2020

It was a busy morning Thursday, amid news the presidents of the U.S. and Russia would soon meet to discuss production cuts aimed at preventing oil prices through the floor. And, of course, there has been the double whammy of the COVID-19 pandemic, which has thrown the whole world for a loop, investors or not. 

Calgary-based STEP Energy Services Ltd. (TSX:STEP) provided an update on actions taken in response to the pandemic. 

STEP reassured its investors it places the health and safety of our employees and the clients and communities we serve among our highest priorities.  STEP has implemented our Emergency Response Plan which included enhancing communication with employees and our clients, implementing enhanced personal hygiene, increase social distancing and self-quarantine practices, and banning non-essential travel, among other measures. 

STEP saw this concern and support manifesting itself in its stock price, which climbed six cents, or 18.8%, to 38 cents, on volume of 80,000 shares. 


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