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Basic Energy (BAS -5.7%) expects Q1 revenue growth of ~1% Q/Q, less than its previous guidance...

Basic Energy (BAS -5.7%) expects Q1 revenue growth of ~1% Q/Q, less than its previous guidance of 2%-3%, after reporting its well servicing rig count remained unchanged in March. But BAS sees Q2 revenue ~10% higher Q/Q, implying a result of ~$335M, pointing to recent improvements in the rig count, particularly in the Permian Basin market.
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