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Abraxas Petroleum Corp. Message Board

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  • ContraIndicator ContraIndicator Dec 10, 2009 1:23 AM Flag

    AXAS as an LCC

    What caused the MLP attempt to fail? If the MLP was realized, then cash flow would have gone to shareholders as return of capital, right? So, while we waited for ng prices to increase, we would at least be getting something while we wait.

    Now, what we have witnessed is a very limited trading range. My concern is that one year later, we may still see prices for AXAS below or near 2. Do you know of any other stocks that might be more worthwhile to hold for one year? I can think of a number of them that while they may not be appreciating in value, would at least pay some sort of dividend.

    I ask myself weekly, what would have to happen for this stock to see some appreciation? Holding onto this stock for another year with no price apprecation is unacceptable.

    I ask the board, why hold onto this stock any longer? (I read posts about how the insider has bought "another x number of shares," normally a sign of confidence in the future of the company.

    Speaking of MLPs, a number of them have been increasing their divs for years, and some of the share prices actually appreciate also.

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