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Basic Energy Services, Inc. Message Board

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  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    I would be extremely careful on LINE and CHK....make sure you keep some kind of stops on it in case it drops ....if by chance oil ever goes up again some of these will fly....NG is in better shape than oil imho....

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Brilliant move on LINE!

    I really like NG but I don't think I know enough to bet my house on it. CHK, LINE, and ETE are on my watch list and I might get into CHK this week. Hoping there are some leftovers on the table.
    Have a great money making week.

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Funny you should mention line...I bought that stock last year for 12.00 and sold for 11.38... Glad I did ....its been a disaster.... But aleast I didn't get caught with it...I currently hold bas,lpi,epd and kmi.... I'm hoping oil breaks 35 this week...if it does I should be able to make some dough on some of these....I'm trading SN but keeping tight stops....good luck....

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Hey Joe,

    Well can't win them all lol, but I am glad that I also got rid of LINE. I did buy some UWTI on Thur and Friday so lets see if oil can break $35 this month. I am now afraid of the term: "Seeking strategic alternatives" used by these oil and gas companies lol

    Have a great weekend and good to hear from you.

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    So while you were sleeping SN has almost gained 100%....SD doesn't even trade anymore...all oil stocks are trading instruments...don't buy for the long haul if you are into gambling....but from the time you posted this and 5 days later SN has roared nearly 100%....

  • Reply to

    Energy Space

    by jorgy12000 Jan 12, 2015 5:16 PM

    Hi Meima--Just in case your still averaging down. Don#$%$ still a horrible buy. I made a fortune on BAS on some Puts I just sold. It will continue to go down. I just didn't want to get greedy

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Hi Alex, I have sold all the 12 oil and gas stocks on Friday on profit taking. It was just a gambling trade and I am glad that I was not greedy. These things are nuts.
    Btw, the reason I had 12 stocks in oil and gas last week is that I don't even know the names of these companies other than their stock symbols, not to mention that I have no idea of their business and financials. I did not want to put all the money in one stock that's all so I bought 12. Just bought it cash and cashed out like in the casinos.

    And this trade made me 185g in a week, stupid good and amazing right?

    Good luck on your trades and thank you for the warning on some of these companies.

  • BAS, CJES, etc. could be out of business if oil does not rally in the coming months...

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    I do not get why are you holding SN and SD? They will go under faster than others. CWEI, KMI and BAS are more or less okay.

  • we see it today when 50% of my oil-related stocks are in red despite huge leap up in oil price. I sold out this morning 50% of my yesterday morning buys and was right -all stocks I sold now id substantially lower though oil price is higher.

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    It was a good day....hope it holds....if it does we'll see a pop....what some people fail to understand is that Iran sold oil prior to 2011.... When the US imposed sanctions nobody really enforced it....so they were selling oil anyway ,just not on the open market.... Matter of fact if you dig up articles they were selling for more than the price right now....its not new that all of the sudden Iran started selling....it's the media that exaggerated the selling....people are sheep and if you tell one to sell then all of them sell....trampling everyone to the exit....ive got a friend that way.....he buys high then sells low....he watches fox news ,listens to jim cramer like he's a Messiah..... If you drown out the noise and stick to your plan you will make unreal returns....pick good companies there's actually many out there right now....youve actually got into this at a good price point....I probably wouldn't have got in 90% .....Im actually 50% in and plan to add more in increments...if it happens it happens ....if it doesn't then I'm fine anyway....I stay away from CNBC and other fools that think they know....nobody knows the future.... All you can do is hope for the best.... Good luck with your investments ....

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Hi Joe,

    Congrats on the rebound today. I sure am a happy man today.

    Oil and gas companies are really too complicated to me, and I have approached the trades as "simple" as I could. With some guts and a bit of luck, I might come out this okay.

    I am still holding all the positions that I took in last Friday and just sitting here watching the roller coaster ride. I have no more money to add since 90% cash are all in. I guess it's now out of my hands lol

    Good day today. Best of luck on your trades.

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  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Thanks for the compliment.....I trade oil stocks that I know or have done work for....I live in the Permian....my brother in law works for BAS so does my nephew....no insider info though wish I knew more...the only thing I know is that BAS has been through booms and busts....EST 1991...you timed it just about right though....this bear cycle could put oil in the teens , no one really knows....I remember working as a floor hand back in 86...crude was 9$ in those days....drilling rigs were still active back then....took 2 months to TD at a depth of 10k feet....nowadays a rig can TD 12 feet in a week...thanks to PDC drill bits and top drives....tripping is almost non-existent ....you've got good entry in this stock as well as others....I currently own EPD,KMI,SN,LPI and BAS....
    I am in it for the duration so ive got to ignore the noise.....when everyone and their grandma become bearish that's about the time to jump in....Ive got plenty of time to add to my positons not going all in but 50 shares here and there.... I own a lumber yard in Odessa TX but used to rent out gas separators....got out in 2013 year before the crash....stupid luck I guess....I had lost a contract with J.Cleo Thompson and I was bummed so I decided to stick with the lumber yard....glad I did because the oil bears have come out in full force...My oil contracts included OXY,CWEI,SD,SN,J Cleo THOMPSON,LPI,Endeavor,CXO,PE,Discovery,LINE,Athlon,Element....I'm sure there are a few others but noit much more....SD has the worst balance sheet of them all...I used to warn investors on that board but it fell to deaf ears....I don't see them surviving at all ....their assets have been selling at auction recently....SN scares me because the management is vague on ER ....the only positive is the logistics of the company they can pump to Corpus Christi and export NG.... wells are going down fast and drilling will have to ramp up to meet demand.....NG wells exhaust pretty fast within two years....good luck....

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Hey Joe, yea I still have it and also other 11 oil and gas stocks that I got.

    Well last week I ignored my past trading experience and was trigger happy, so I deserve getting hit this past two days. Good thing is that most of stocks that I got this time are all in cash so I might be stuck for a while, but no margin calls to deal with.

    Good luck on your trades and please drop from time to time. You are much more experienced on oil and gas than a lot of traders I think. Appreciate your posts.

  • Il keep this short. Google ultimatestockalerts and join! Their picks rock. Thank me later.

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Are you a buyer of this company also....I also own 1100 shares but at 6.00 ....this company was founded in 1991.... It's been through hard times before.... It'll weather it out...

  • I stumbled upon ULTIMATE STOCK ALERTS ( google them) and haven’t looked back since. Their last Nasdaq alert delivered 33% in a few days.

  • Reply to

    Just got my first shares of BAS

    by canvas888 Jan 15, 2016 1:15 PM

    Yup but the thing is, often times that I thought that I am doing the right thing, things went opposite.
    I have a feeling that Iran is gonna mess things up for me, but betting with cash is better than betting on margin. As long as these companies hang on for a little longer and I think I'll survive.

    Good luck on your trades.

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BAS
1.67-0.03(-1.76%)Feb 10 4:00 PMEST