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Basic Energy Services, Inc. Message Board

basic.energy 6 posts  |  Last Activity: Jul 17, 2014 9:59 AM Member since: Nov 9, 2012
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  • basic.energy basic.energy Jul 17, 2014 9:59 AM Flag

    found it.....its $23

  • basic.energy basic.energy Jul 17, 2014 9:56 AM Flag

    good stuff. does anyone know what the target price Stifel has put out for PVA ?

    Sentiment: Buy

  • Reply to

    theflyonthewall reports.....

    by basic.energy Jun 25, 2014 1:55 PM
    basic.energy basic.energy Jun 25, 2014 4:13 PM Flag

    HOLD

  • Reply to

    theflyonthewall reports.....

    by basic.energy Jun 25, 2014 1:55 PM
    basic.energy basic.energy Jun 25, 2014 1:59 PM Flag

    if anyone wants to read it:

    $PVA Soros Fund reports 9.53% stake in Penn Virginia
    On June 25, SFM sent a letter to the company reiterating its view that the best path to maximize share value would be for the company to be sold. It also expressed its disappointment with the company's rejection of its suggestions that the Issuer provide additional financial incentives to its management team to align their interests with the Issuer's shareholders in the event of a sale. In the letter, SFM also expressed its concern with what it believes to be the company's recent missteps, including: (i) the recent investor presentation failures and the resulting decline in the price of the Common Stock; (ii) the company's private offering of convertible preferred stock at a significant discount to inherent value, which diluted existing equity holders by approximately 21%; and (iii) the intended use of the proceeds from such offering. SFM also noted that the board of directors of the company has presided over a long period of decline in the share price, which further supported its view that the company should pursue a sale. Finally, SFM reserved the right to take any and all actions it believes necessary to ensure that shareholder value is not further eroded if the company fails to pursue a sale.

    Sentiment: Buy

  • basic.energy by basic.energy Jun 25, 2014 1:55 PM Flag

    Penn Virginia jumps 9% after Soros again urges sale

    Sentiment: Buy

  • Reply to

    EARNINGS

    by ralfie444 Apr 24, 2014 9:47 AM
    basic.energy basic.energy Apr 24, 2014 10:29 AM Flag

    Earning for the quarter were decent (not too great not too shabby). But a few key positives from the earnings report regarding the future might explain today's movement:

    1] "Second quarter production in the Marcellus has started out strong thanks to the continued efforts by our team in the field in tandem with our midstream provider to maximize our deliverability into the interstate pipelines," commented Dinges. "As a result, we expect sequential growth in the second quarter versus our prior expectation of flat production."

    2] "We have been very pleased with the strides our Eagle Ford team has made over the last six months. Based on the continued improvement in production rates and realized cost savings, which have resulted in higher rates of return, we are adding a third rig to our Eagle Ford program beginning in the third quarter," explained Dinges. "This additional rig will be focused on multi-well pads and is expected to have minimal impact on 2014 production but will materially impact our estimated 2015 oil production volumes."

    3] As a result of positive momentum in the Company's Eagle Ford program and the corresponding increase in rig count from two to three rigs beginning in the third quarter, Cabot's 2014 capital budget guidance has increased to $1.375 - $1.475 billion. The Company has also tightened its production guidance range for 2014 from 519 - 598 Bcfe to 530 - 585 Bcfe and initiated 2015 production growth guidance at 20 - 30 percent.

    Overall very good guidance. No signs of slowing down.

    Stay Long Friends!!!!!

    Sentiment: Strong Buy

BAS
27.34+0.15(+0.55%)3:59 PMEDT

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