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Abraxas Petroleum Corp. Message Board

  • mcminc33 mcminc33 Nov 14, 2012 1:31 PM Flag

    Now it's deepsub5's turn to be taken to the woodshed by MEH76_1999

    Nobody mentions.....the BOE mix.....
    By deepsub5 . Nov 14, 2012 10:42 AM . Permalink
    only 53% of BOEs produced were "crude oil or NGLs".....
    that means that LESS than 53% of their production was crude oil......say maybe 35%........so, they aren't getting the oily mix of production that would power up their profit margin......
    in other words.....even with the recent wells in the bakken, .....AXAS is still not anywhere oily enough to make it in this type market with low NGL and NG prices.
    Maybe, if they survive-----next year might bring higher NG price and pull their fat from the fire.
    deep

    Here's where MEH76_1999 makes him look ignorant....

    Re: Nobody mentions.....the BOE mix.....
    By meh76_1999 . 14 minutes ago . Permalink
    absurd...that 53% produces plenty of oil to sell and make a profit
    and the percentage has risen considerably and will continue to do so in the near term

    And the nice part is it only took him 2 lines to do it! I like quick & to the point beatdowns!!

    MISSION ACCOMPLISHED!!

    Mickey

 
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