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Key Energy Services, Inc. is one of the largest providers of onshore oil and gas well services in the United States and Argentina. The company generally provides a full range of maintenance and workover services to major and independent oil and gas companies in all of its operating regions. In addition to maintenance and workover services, they also provide services which include the completion of newly drilled wells, the recompletion of existing wells and the plugging and abandonment of wells at the end of their useful lives.
I first purchased shares in KEG in my personal portfolio back in February 2008. Since then, the share price is down about 50%. I can't believe such a great company is trading for such a low value, but that's what you get with todays market.
All you can do is buy good companies with a lot of good assets at a fair prices...and wait for the market to "get it right."
The current consensus on earnings is about $1.41, and at current prices, trades for about 4.5 times earnings. The consensus guess for next year is about $1.77, and KEG currently trades for 3.5 times that guess.
Sounds like a bargain to me and a good time to buy.