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Abraxas Petroleum Corp. Message Board

  • naha62 naha62 Mar 20, 2013 8:07 PM Flag

    $7 at a minimum.


    Buyout price. If Watson wants to sell.

    Everything else is background noise.

    Hold and wait and you will see.

    Sentiment: Strong Buy

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    • Agreed - based on my calculations - a buyout price would be about $5.50 unless they can get more oil production on line. Each well producing 500 bbl/day is worth another $63.5 MM in sales price or another 67 cents per share.
      Also, It's not Watson's to sell - he only owns a few percent of the Company - the Board has to conclude it's in everyone best interesnt and then convince most of the institutional investors.

      Let's keep our fingers crossed!

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