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Abraxas Petroleum Corp. Message Board

  • bogwa1406 bogwa1406 Dec 29, 2013 12:11 PM Flag

    I just keep looking at the chart on AXAS...and using the 50 and 200 day sma's and every cycle the stock has climbed

    well above the $4 dollar range with some cycles hitting much higher valuations. With the shape they have gotten the balance sheet to and now increasing the focus on higher working interest and oil.liquids...I think this up cycle in the pps trend is going to top out higher than most folks think. On the maximum time duration the chart shows the stock is just beginning another uptrend cycle...and it's unimaginable for me to believe with their balance sheet and positive eps that this uptrend is anywhere near topping out. How it plays out in 2014 will have much to do with how well they do with the drill bit on the higher working interest wells. With strong commodity prices, an improving US and global economy, a clean balance sheet, ample non-core assets available for divestiture......this horse may not "WIN" the race...but I've got a "win,place,show" ticket and everything I see says this horse is gonna run a good race in 2014 and I fully expect to cash out a paying ticket. I'm not a "chartist" but it's difficult to look at prior valuation cycles and believe this cycle would the smallest in company history. I think AXAS has made the right moves both in production strategy and balance sheet strategy to increase share valuation and I want my share of said future valuation. JMHO GLTA

3.15-0.08(-2.48%)Feb 26 4:00 PMEST

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