Replies to post #563 on Basic Energy Services Inc. (fka BASXQ)

[TennisStar]

Hotdawg

What am I talking about? BAS is going to file a pre-packaged plan of reorginization under Chapter 11.

BAS has cut deals with the debtholders (bond holders) and has negotiated a plan to convert the debt into equity. What if anything is left for current shareholders is unknown. Bonds are are trading 2019 and 2021 bonds are trading between $36-38 and are a cheap way to participate in post reorg BAS.