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very overlooked. Great financials, huge yoy growth. Most likely Walmart partnership... what else do you need to hear?? Get in early
https://stocktwits.com/Newsfilter/message/222977896 insiders are buying.
Stop pumping this stock. We are under $2. We need news. Solid legit news.
We need some solid news. We headed under 2.
Going to be an interesting day here.
Back in and ready to take a ride up north!
$$RIG$$
Took profits @ 1.64 yesterday. Glad I did. May jump back in.
In @ 1.44 ready to ride this north.
In @ 1.55 ready to ride this north.
Going to be a good day!$$
I’m in At 6.17.. good luck to all
Is no one following this drop?
It's being "held down" due to the fact that basic is a step away from ch. 11. We will see what happens October 16th. If they pay up this thing will double. If not, game over.
Huge sale off at close.... This stock is giving me high blood pressure
Ch. 11 closing in. Sale while you can.
I would love thoughts and opinions on this.... Basic has until the 28th to reach a restructuring plan. Does anyone see this plan being CH. 11 BK? I surely hope not. Give me your thoughts
Hold your shares and wait for the run up! Patience is key here.
(US)
FORT WORTH, Texas, Sept. 14, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") and certain subsidiaries today announced that the Company, its secured term loan lenders and secured asset-based revolver lenders (collectively, the "Secured Lenders"), and certain of its unsecured bondholders have taken steps to enable the continuation of negotiations regarding a deleveraging transaction.
Specifically, the Company has entered into a forbearance agreement with over 81% of the holders of the 7.75% senior notes due 2019 (the "2019 Notes") with respect to the previously announced 30-day grace period related to an $18.4 million payment of interest under the 2019 Notes. The Company has elected not to make the interest payment upon the expiration of the 30-day grace period. Under the forbearance agreement, the unsecured noteholders have agreed to forbear from exercising their rights and remedies, including the right to accelerate any indebtedness, through September 28, 2016 in connection with the interest payment default.
Additionally, the Company's Secured Lenders have agreed to provide temporary waivers of certain existing and future defaults under the Term Loan and ABL Facility related, in part, to the missed interest payment. The forbearance and temporary waivers will provide the Company with additional flexibility to continue discussions with all its creditors with the objective of improving Basic's long-term capital structure.
Roe Patterson, Basic's President and Chief Executive Officer, stated, "I would like to express our appreciation to our Secured Lenders and unsecured bondholders for their continued support and cooperation. The forbearance agreement and temporary waivers will provide additional time to reach a mutually acceptable financial restructuring plan that provides Basic with a sustainable capital structure that supports the Company's long-term business plan and results in long-term value generation for the benefit of our employees, customers, vendors, and all other stakeholders."
The Company continues to believe that it has ample liquidity at this time to continue efficient and uninterrupted operations in the ordinary course and anticipates meeting all of its obligations to suppliers, customers, and employees.
In at .61, go $BAS!!
Hope we have found our bottom
Who is still active here?
Get ready for a run $$
Hope your right scooter
What's in store for Monday??? Any clue?
In at 4.85 hope 5's come soon
7 by the end of the week. If the meeting to freeze world production goes well Sunday we will see 10.00 soon. Don't short this just yet.
I agree, no reason why we shouldn't be in the 5's by June if not sooner.
Let's ride this into the 3's!!!
Just wondering what makes you think this is bullish? The q4 that came out showed a 55 million dollar loss for 2015
Take your profits and run
Curious to see where this goes Monday.