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Abraxas Petroleum Corp. Message Board

  • mgd_999 mgd_999 Mar 18, 2014 1:13 PM Flag

    I can only hope

    that this is "the real deal" was only a few months back that
    we made this same climb, stopping just short of hitting 4, only to
    watch the pps drop down to the low 3s... fingers crossed that we

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    • This is what we should have been getting during the Xmas season, but obviously a big player or two looked at the Wycross deal the wrong way, and closed out their positions before 2014. Maybe they were also anticipating a big drop in oil. Either way it killed the stock. Now the analyst are finally on board with the much lower debt. (High debt was their biggest concern for years) The GH upgrade was huge.

      Sentiment: Buy

    • I believe the sale of the Wycross properties put the brakes on in November. At some point, probably by week's end, you're going to see a pullback and consolidation from this run up. You'll know when that happens because all the nickel and dime hand wringers will return to the board. "OMG, two days and nothing has happened! All my other investments go straight up and never go down! I've got 50,000,000 shares of AXAS, so you're damn right I'm gonna complain! This is the worst stock ever! Bob Watson sucks!" and my personal favorite, "Bubba, don't invest here if you wanna get rich."

    • I doubt Blackrock got in for a 10% ride up. I see low $4's soon and would love a buyout from another E&P.

      Sentiment: Buy

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