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Fly News Breaks for February 22, 2016
BAS
Feb 22, 2016 | 07:45 EDT
As previously reported, Raymond James downgraded Basic Energy to Underperform from Market Perform. Analyst J. Marshall Adkins said the term loan agreement came at a cost above expectations, and combined with the rapid decrease in activity and higher cash burn, could lead to further access to the debt markets.
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