Bullish
$BAS While Oil has absolutely been punished over the last month plus, oil rig counts in Permian have been flat since mid November. Meanwhile, rigs in Eagle Ford have been INCREASING steadily since beginning of October. I believe Q4 results will be bad for BAS as rig counts continued their precipitous decline during the period (tho not in EF!) But it appears the bleeding has stopped in the region judging by the last 12 week trend. Perhaps Ascribe and Granity see this also.
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