Just a suggestion of a few facts to focus on, lest the daily gyrations distract from the big picture.
-AXAS went through a natgas "bust cycle" and the 5 year chart shows the harm done..as did many E&P's
-AXAS implemented a transition strategy and in the last year it has begun to show in EPS and PPS.
-AXAS enters 2014 nearly debt free
-AXAS will grow production 13 to 18% in 2014 at most likely a conservative guidance
-AXAS still has enough natgas % of production to see added benefit from rising natgas prices
-AXAS has several non-core assets of significant valuation that can be divested
Bottomline..look at 2013 pps performance and then consider that AXAS is in better balance sheet scenario and strong pricing on both oil and gas with ample cap-x and proven drilling locations....so should the pps uptrend continue ? Barring a total oil and natgas price collapse....this stock should do just as well or better this year than last. If there's a mega sector or market disaster...then no stock is safe. JMHO GLTA