this company was traded in $36-$40 level a year ago.. it has dropped more than 60% and continued to drop.. is there any silver lighting in the horizon or big money already checked out and hedgies are shorting this sucker until it gets to zero.. I might pull the plug and lick my balls..I meant lick my wounds..
The ops update for April did not meet expectations on the fluids handling. Estimates for Q2 are perceived as needing to come down a bit for that and Permian competition. Obviously deeply oversold but as BAS wants to be a vulture on acquisitions, so do the institutions who will wait for give away stock. JMHO