Basic Energy Services, Inc.
According to a filing with the SEC, Board member Thomas Moore Jr. bought 12,000 shares of Basic Energy Services (NYSE: BAS) on Nov. 8 at an average price of $9.35. This brought Moore’s direct holdings of the stock to a total of 104,000 shares; a trust in his family’s name owns an additional 17,000 shares. Moore has been a frequent buyer of the stock more »
Basic Energy Services (NYSE: BAS) confirmed earlier commentary on weak business trends affecting some of its service areas and will continue to be acquisitive as it looks to grow its business through what the company believes is a temporary pause in the current drilling cycle. These and other comments were made by management at the Barclays CEO Energy conference last week in New York.
Basic Energy Services is a more »
The North American drilling cycle is an important determinant to earnings in the energy sector and the level and trend of this cycle should be monitored by investors that are active in this sector. One method of keeping current is through a review of earnings releases and conference calls as oil service operators typically make extensive commentary on business trends in their respective service areas.
Earnings season for the energy sector for the second quarter of 2012 is set to start in a few weeks and as usual these reports, along with the associated management commentary, will provide information on the current drilling cycle in North America. Here are some issues and trends that should be monitored by those investors that are active in this sector.
One important topic for investors in the more »
The energy sector is a minefield. There are those that predict that the world will see another oil shock by the end of 2013, as the natural gas boom is threatened by concerns over fracking. Then there are the issues related to American energy independence, a feat that will likely come only with some degree of concentration and the development of new energy technologies – both things that would most likely more »