BAS - Basic Energy Services Needs To Buckle Up To Make A Recovery

BAS Relies On Targeted Services To Counter The Current Pressure

Basic Energy Services (BAS) provides completion and remedial services, water logistics, well servicing, and contract drilling for the upstream companies. I do not expect the stock pick up much momentum before the second half of 2019. Its high leverage because of low equity base can be a cause for concern. You may consider buying the stock with a long-term view, but only if the company start improving its bottom line and cash flows significantly.

The upstream capex will decline in 2019, and the

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