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BAS - Basic Energy Services May Start Recovering Late In 2019
Basic Energy Servs
BAS formulates strategies to recover from the weakness
Basic Energy Services (BAS) provides completion and remedial services, water logistics, well servicing, and contract drilling for the upstream companies. I expect the stock to pick up some momentum in the second half of 2019 as completion activity headwinds recede. But you can expect turbulence in the near term.
In 2019, we can expect a couple of boosters to benefit BAS. Higher workover and maintenance activities and completion of long lateral wellbores, as well as strong growth in the midstream water logistics business, should help