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Estimates for Basic Energy Services' (BAS -5.7%) Q4, 2013 and 2014 are lowered at Jefferies to...

Estimates for Basic Energy Services' (BAS -5.7%) Q4, 2013 and 2014 are lowered at Jefferies to reflect operating weakness, including modestly more day rate pressure and concerns about at least H1 2013 activity in Permian and Mid-Con regions. The firm says it prefers peers with stronger free cash flow profiles.
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