I used to day trade...I buy what I consider undervalued or beaten down turn-around stocks. One can learn from Warren Buffet.....when it comes to making $$$$ old school investing still works. Yes you can make money flipping, or doing options.....but I'm a buy and hold....not for an eternity just long enough to get fantastic % gains....and it's both easier and more lucrative than when I day traded. I'm also not a chart freak...I was just pointing out the volatility is in the short term...the longer term is the train that goes to the station. JMHO GLTA
click on technicals...do the 50 SMA, the 100 day SMA and the 200 day SMA...now do you see anything broken in the 100 or 200 day trend ?..No you don't. Short term traders play the volatile "red" 50 line...that's the gamblers arena. Investors watch the longer trend...and that trend has remained intact and unbroken since I have owned AXAS. Everyone get's excited when the stocks runs up or falls back....fun yes...but short term doesn't mean squat for my investment strategy. I maintain AXAS will continue to trend upwards and yes it will have spikes and fades....but I still fully expect the 100 and 200 SMA"s will continue the steady growth trend upwards...and that is where the $$$$$$$ is. JMHO GLTA
more often than not. Just shows that at present the herd doesn't know whether to feed or stampede. Here's hoping you guessed right if you were trading the gyrations. Wasn't worried ...still ain't. JMHO GLTA
overly concerned about current gyrations in pricing. I would suspect there was a lot more in depth due diligence on the recent sale. With Cat Eye's being the first well on the South Jourdanton and even longer laterals being drilled on the south side...this old man ain't about to cut and run. They are increasing proved reserves, holding most acreage by production...increasing well inventory substantially..and a near double on year over year production. I hate to see the market toss out babies with the bath water but the market does what it does. I just have to look at the fundamentals of the company and it's strategy...and I can't find cause for selling.....so I ain't. If they destruct the price far enough...I'll most likely just wade into deeper water....I've never drowned yet. JMHO GLTA With decent macro environment we would most likely have $7 behind us already, but it is what it is.....so it's patience and fortitude at play for now.
wells being connected to OneOk's system which has plenty of capacity. I believe the number was an additional 6 wells coming on production before 3rd qtr end. Dilworth is about to grow inventory in a high multiple of it's current size with the largest portion a done deal already. How big ? We'll soon see. LOE costs dropped and the last high LOE was identified as Duvernay which is on the plate for divestment. Guidance is still an exit rate of 8,000 boepd. Now Poc is better schooled in hedges and derivatives but I did use to hedge nat gas as a buyer for a national company and although I didn't handle the accounting end...my experience is when you hedge....at say $90...if oil goes to $100 you missed out on $10 a barrel versus had you not forward sold your production...and you take a non-cash charge on that equivalent amount. If you hedged at $90 and oil falls to $80 you realize a $10 a barrel premium above the market price and you see a non-cash realized gain. The whole reason for hedging is not to gamble on market prices but rather to insure you get a price that meets your hurdle rate on IRR and also to meet requirements of lenders. Who can risk drilling a $10 million well with an IRR based on $90 oil and be left open to losses if oil fell to $60 ? Farmers hedge their crops, and almost all major suppliers and buyers hedge theirs supplies or needs in almost all commodities. The average investor puts far too much emphasis on short term swings in commodity prices as the only ones making money are the commodity traders. AXAS is hedged to protect IRR and to meet lender requirements...production growth is fabulous and guidance is solid. I'm long term...staying long term...2nd qtr CC provided all the confirmation I was looking for. JMHO GLTA
Very pleased with the progress..so far they have stayed right on the strategy and they keep outperforming on guidance....I consider that the metrics to success. Staying on my position. JMHO GLTA......note the current 6600 boepd...and still guiding to an exit of +8,000 boepd at year.end. Very good numbers.
on the AXAS website. JMHO GLTA
guidance and they are on target...actually a little ahead. The macro market may stick the the micro story on AXAS is still very much intact. JMHO GLTA
standing pat...added some shares but what can I say...I like cake. We'll see how the numbers shake out. JMHO GLTA
then do so. But it's happening and it's accelerating..PERIOD. JMHO GLTAHalcon's midstream subsidiary, Halcon Field Services ("HFS"), is currently working on several initiatives that could ultimately improve realized pricing and margins across its portfolio.
The Company's first compressed natural gas ("CNG") facility is expected to be in service by the end of the third quarter of 2014 and will serve operations in El Halcon. Halcon believes using CNG to displace diesel fuel used in drilling and completion operations is not only better for the environment but should also result in a nearly 50% savings on fuel costs when fully implemented. The Company expects to build similar facilities to service its operations in the Williston Basin and the TMS in 2015.
price of $5 which filled as did the over allotment. I think the numbers are going to validate the growth story. So either I get more shares or I don't...holding pat regardless. JMHO GLTA
good numbers..both this quarter and next and very likely into next year as well. Hard facts quells speculation better than anything....and the facts get shown next week. JMHO GLTA
market concerns, oil prices. I would expect that once released this quarters numbers will get the focus back on the micro (axas growth)...that story isn't going to end....it might fade as world events overshadow it...but the growth story is intact....and it will continue to keep increasing. We'll soon be getting the numbers and the guidance...and I fully expect it's going to remain on tract for yielding a superb year for AXAS and long term share holders. JMHO GLTA
It's all about the numbers and we'll soon be getting 2nd Qtr results and guidance update going forward into the 3rd and 4th qtrs. Short term traders are going to trade the macro concerns with the global events and the concerns with the US market.....that however has no impact on the actual results AXAS will achieve on production and earnings. I really don't see macro concerns easing much but I do expect 2nd qtr results on AXAS to reaffirm confidence in the growth story. But until earnings come around I wouldn't attempt to forecast what will occur....I've been focused on latter year results for some time and I still see no reason to alter my expectations. JMHO GLTA