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Abraxas Petroleum Corp. Message Board

  • jpegwmv jpegwmv Mar 8, 2013 12:37 PM Flag

    Researcher values Companies at $124,084 times BBl/Day production based on 7 M&As

    Based on this valuation (All M&As over the last year), Abraxas should be valued at $5.94 for purposes of acquisition. Oddly, his valuation ignores value of properties held by the company but holds pretty consistant between them (range 112,000/Bbl/Day and $147,000/Bbl/day. It also ignores production projected to come on line (no confidence in management), projected life span of current production, and technological advancement allowing for better extraction techniques. Anyway - overall good news for AXAS shareholders and provides hope for, and a rational cost basis for an acquisition.

2.96+0.07(+2.42%)Jan 30 4:00 PMEST

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