Basic Energy Corporation
(BSC) was originally incorporated as Basic Enterprises, Inc. onSeptember
19, 1968 and became an oil and gas exploration and development
companyon April 26, 1971, assuming a new name, Basic Petroleum and
Minerals, Inc. Over theyears, BSC evolved from an operating company to a
holding company under the corporatename, Basic Consolidated, Inc. In
2007, in line with the inclusion among its primarypurposes the
production of ethanol and other biofuels, and the development of
otheralternative and renewable energy sources, the Company changed its
corporate namefrom Basic Petroleum Corporation to Basic Energy
Corporation.As a holding company, it held equity investments in the
following subsidiaries: BasicPetroleum & Minerals Inc., an oil and
gas exploration and mining company; BasicDiversified Industrial
Holdings, Inc., an investment holding company; iBasic, Inc.,
aninformation technology management company and service integrator;
SouthwestResources, Inc., an oil exploration company; Basic Biofuels
Corporation, biofuelsdeveloper; and Basic Ecomarket Farms, Inc., an
agricultural company.
Recommendation: BUY
stoploss is .2499
