Top High Dividend Companies To Own For 2015: Basic Energy Services Inc. (BAS)
Basic Energy Services, Inc. provides various well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment provides pumping services, such as cementing, acidizing, fracturing, coiled tubing, nitrogen, and pressure testing; rental and fishing tools; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 228 pressure pumping units. It also operates 14 coiled tubing units; 49 air compressor packages; 12 wireline units; and 34 snubbing units. The company's Fluid Services segment offers oilfield fluid supply, transportation, storage, and construction services, which comprise the transportation of fluids and salt water; sale and transportation of fresh and brine water; rental of portable frac tanks and test tanks; operation of company-owned fresh water and brine source wells and non-hazardous wast ewater disposal wells; and preparation, construction, and maintenance of access roads, drilling locations, and production facilities. This segment owns and operates 955 fluid services trucks with a fluid hauling capacity of up to 150 barrels apiece. Its Well Servicing segment provides various services performed with a mobile well servicing rig and ancillary equipment, such as maintenance work, hoisting tools and equipment required by the operation, and plugging and abandonment services, as well as manufactures and sells workover rigs. It operates a fleet of 425 well servicing rigs. The company's Contract Drilling segment employs drilling rigs and related equipment to penetrate the earth to a desired depth and initiate production. This segment owns and operates 12 land drilling rigs. The company was formerly known as Sierra Well Service, Inc. and changed ! its name to Basic Energy Services, Inc. in 2000. Basic Energy Services, Inc. was founded in 1992 and is based in Fort Wor t h, Texas.Advisors' Opinion:
- [By Aaron Levitt]
For investors, the choice is clear — you need to focus globally when it comes to oil stocks. North American-focused oil stocks like C&J Energy (CJES) and Basic Energy Services (BAS) might not be up to snuff in such a highly challenging pricing environment.
- [By Jonathan Morgan]
German stocks declined the most in more than two months as a report showed that Germany's auto market plummeted last month, while Bayer AG (BAYN) and BASF SE (BAS) fell.
- [By Sara Murphy]
Basic Energy Services (NYSE: BAS ) derived more than a quarter of 2012 revenues from its fluid services unit. Its operations rely heavily on the legacy model of hauling water. Superior Energy Services (NYSE: SPN ) counts on its traditional fluid services offerings for about 20% of revenues.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-high-dividend-companies-to-own-for-2015.html