Goldman Sachs gives Basic Energy Services (BAS +7%) an unusual Buy-from-Sell boost and adds it to its list of Conviction Buys. "BAS offers the most leverage to our thesis that the tide is turning in NAM land, driven by the conclusion of the gas-to-oil equipment migration, a bottoming of the U.S. rig count, and subsequent stabilization of oil/gas prices," the firm writes.
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