Mon, Oct 20, 2014, 10:22 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Abraxas Petroleum Corp. Message Board

  • yank11223 yank11223 Apr 24, 2013 5:45 PM Flag

    abraxas shelf registration

    hate these things. any comments?

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • From the S-1 Filing:
      Unless we specify otherwise in the applicable prospectus supplement, the net proceeds we receive from the sale of the securities offered by this prospectus and any prospectus supplement will be used for general corporate purposes. General corporate purposes may include any of the following:

      repaying debt;

      providing working capital;

      funding capital expenditures; or

      paying for possible acquisitions or the expansion of our business.

      We may temporarily invest the net proceeds we receive from any offering of securities or use the net proceeds to repay short-term debt until we can use them for their stated purposes.

      My comments:
      .1. Why pay off Debt when Interest rate at 12/31/2012 was 3.21%.
      2. Working Capital is a Yes. No Cash on Hand at 12/31/2012.
      3. Funding Capital Expenditures is also a Yes. AXAS can drill more Wells using Pads to cut down Cost and not worry about Cash Flow.
      4. Possible acquisition, IMHO is a No. AXAS has enough drilling location right now without stock piling more.

      ED

 
AXAS
4.02+0.21(+5.51%)Oct 20 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.