Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Another "Wait 'Til Next Year" Year For Key Energy Services

Between weak rig counts and rampant competition in some parts of the well servicing business, 2013 has been a big disappointment. Things have been turning up recently, though, as E&P spending budgets for 2014 are looking promising and investors are counting on pent-up demand leading to better results. Given the demands of horizontal wells, Key Energy Services (NYSE:KEG) has reason to expect better days.

I was bullish on Basic Energy Services (NYSE:BAS) back in October, and the stock is up more than 20% since then. At this point, I feel like BAS versus KEG is more of a "pick 'em". I think Key Energy is a better company, but it seems that the Street thinks so

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