BAS is trying to borrow 250 million from private equity. Maybe their credit is not good at the bank. LOL This tells me alot about where they are at now. $5 shares are coming.
Today's News, October 2, 2012
Basic Energy Services Cut To Accumulate From Buy By Tudor Pickering (Dow Jones)
you have to see what they are doing. Don't make decisions on a cheap piece of news.