Basic Energy Services Inc. (fka BASXQ)

[eastunder]

Friday 6/15 Insider Buying Report: BAS,

http://www.forbes.com/sites/dividendchannel/2012/06/15/friday-615-insider-buying-report-bas-mov/?partner=yahootix

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Basic Energy Services Inc (BAS), a filing with the SEC revealed that on Thursday, Director Steven A. Webster purchased 76,200 shares of BAS, at a cost of $9.49 each, for a total investment of $723,472. Basic Energy Services Inc is trading up about 1.1% on the day Friday. Before this latest buy, Webster bought BAS on 5 other occasions during the past twelve months, for a total cost of $4.75M at an average of $14.50 per share.