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Abraxas Petroleum Corp. Message Board

  • bogwa1406 bogwa1406 Jun 5, 2014 12:13 PM Flag

    Presentation was great...anyone can say what they want regarding Bob Watson...but in my opinion he evokes confidence

    he has the right answers and he speaks to the point. Sounds like Duvernay divestiture is pushed off until this fall...but I don't know that it really matters much. I liked what I heard and I may be an AXAS holder for longer than I initially expected...depending on Bakken and Jourdanton outcomes...this little E&P could have some room to run as they build the inventory to working producers from it's current level. Very pleased. JMHO GLTA

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    • Bob was very clear today why going with 2 rigs may not be the best call. It comes down to ROI base don skilled people. Makes great sense and will be addressed when there is enough scale and scope. Some time in the future there will be a shift to the Permian.

    • tracey563 Jun 5, 2014 12:48 PM Flag

      im happy to see a bit of retreat on the news,bogwa im sure knows why having had some back and forth here,im uncomfortable with a one way rocket,the return down is awful..

    • how would you analyze there crude hedging for 2015 and 2016? With increase in capex they should be hedging a better prices. Would appreciate your opinion.

      Sentiment: Strong Buy

    • Bob got religion about one year ago; focus on two formations and go like hell. He has done this and will now be rewarded as a big shareholder.

      Sentiment: Strong Buy

      • 1 Reply to nyc_opinion
      • I agree..and again it sounded like the Jore's came in really good. Next qtr ought to be a fantastic qtr. The only thing I'm uncertain about is where Dutch 3 and 4H will be and if they'll require shut-ins on Dutch 1 and 2H. Poc may know...I'm also uncertain as to where Ribeye 3 location will be. June was going to be the period of the south side first I don't know if as Bob says they can make changes on the fly, and the northside is doing so good he's opted to stay there or if they'll step over over to the south side for Ribeye 3. As long as they keep hitting like they are hitting they could drill in the parking lot at corporate headquarters for all I care. I do want to see the south get proved out however so it can get calculated in. JMHO GLTA

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