Wellsite services company Basic
Energy Services announced a program to
repurchase up to $5 million in outstanding
common stock from time to
time in open market or private
transactions through June
4, 2020. At a ceiling of $5 million, Basic
would acquire close to 10% of its shares
outstanding if all shares were purchased
at the June 14 NYSE market close price
of $1.93. CEO Roe Patterson said Basic
would not need to draw on its ABL credit
facility and should exit 2019 with a $55-60
million......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.