I'm holding. BAS's business is as bad as it can be. Rig counts are at rock bottom. There aren't many left to shut down...so there shouldn't be any business there. Reopening shuttered wells is something they do, (there will always be some wells operating, right?)so that business has nowhere to go but up. And of course, they service existing, producing wells which are also scraping along the bottom.

I did a lot of DD over the weekend and am not surprised to see today's sell off. I'm going on the premise that BAS will find some equalibrium around the $8-9 area and trade sideways until NG prices show that they are going to go back to 5$+. If that happens, BAS will do well.

I consider fair value for this company in the low-mid teens. Buy on weakness, IMHO. GL.