Information Provided By: 
Fly News Breaks for June 25, 2019
BAS
Jun 25, 2019 | 06:07 EDT
Piper Jaffray analyst John Daniel downgraded Basic Energy (BAS) to Neutral from Overweight after lowering his estimates on more tempered expectations given U.S. supply growth is outpacing global demand growth. His prior models assumed a $60 WTI environment in 2020, but given recent crude volatility, he now has "a more subdued view" of $50-$55 per barrel, said Daniel, who acknowledge "lowering ratings at this point is admittedly late." He also downgraded FTS International (FTSI) to Neutral, citing similar rationale.
News For BAS From the Last 2 Days
There are no results for your query BAS
