Recent Oil Company sales set going rate at about $127,000 per bbl/day - Puts AXAS at $5.94
This company would be better off sold. Oil companies have acquired 6 smaller oil companies over the last year with an average valuation of $127,000 per bbl/day. That would set AXAS's value at $5.94/share. I say - put this thing up on auction black and let's all be done with the pain!
Be patient - A lot of people know there is value here. They're just reluctant because Bob Watson doesn't do a good job. In time, he'll either see the light or be forced out. The underlying value in this company will remian and you're see a much better price