|Company name||Basic Energy Services, Inc|
|Live stock price||[stckqut]BAS[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=bas
Basic Energy Services, Inc. provides a range of well site services to oil and natural gas drilling and producing companies, including well servicing, fluid services and well site construction services, completion and remedial services and contract drilling. Its operations are managed regionally and are concentrated in United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, Colorado, Utah and Montana. The Company provides its services to a diverse group of over 2,000 oil and natural gas companies. It has four segments: Well Servicing, Fluid Services, Completion and Remedial Services, and Contract Drilling. In December 2010, the Company acquired Platinum Pressure Services, Inc.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable. This is unfortunate since the stock price for this company has appreciated quite nicely for the past 12 months but an unprofitable company is not very predictable in its actions.