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