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
It won't make you drunk...but you won't see things the way the rest of the world does.
Yellow Jell-o can't stand.....it just shakes and quivers....How silly...to suggest Barry can up to Putin when he seems to not stand for anything.
to Barry. He' all mouth..and absolutely no substance...Putin know's it as do all world leaders and third rate dictators. Trust has been destroyed with all of what were our allies...borders are wide open. Seriously, if the USA can't keep 60,000 "children" from entering illegally....what chance could a terrorist have to enter ? I'm certain the history books will treat him kindly...but in my view he is without doubt the worse and weakest "leader" I've seen. It'll take predecessors many years to undo the loss of prestige and respect he has accomplished...if that can be done.
World events appear to be worsening by the day.....but it's more or less out of our hands. Generally oil goes bullish on the "sword rattling"..but who knows...just wait and watch...see what the next day brings. GLTA
Anyone who can guess direction correctly is a better market caller than I am. I still maintain the micro story is very solid on AXAS...we're now closing in fairly quickly to 2nd qtr earnings which I expect will be very favorable especially on production growth. I still think 3rd quarter will be the "take it to the BANK" qtr. But we'll we see what happens...Bob is not without surprises, there could be favorable add-ons in the Eagle Ford, he's discussed selling some prime leases, and Duvernay was pushed to the fall for divestment, plus all the natgas assets they hold. Still just too much upside potential for me to consider anything other than owning and holding. I'd rather the pps action get back to company specific action rather than the broad market macro concerns impacting us..but it is what it is...and it's only funny money until sold...and I do want to be laughing very loud when I do sell. GLTA JMHO
Your'e not missing anything...the micro story on AXAS is intact....the price gyrations are just that..price gyratiions....very few folks buy and hold...so buy and holder's have to get accustomed to the ups and downs. I think the typical investors holds a position for 20 some odd days...so that's pretty short term. JMHO GLTA
Lost an "i"..that's Timex moment.
moment today..as in "takes a licking"...but I have full confidence we'll "keep on ticking". That ol' hag hammered me on numerous positions today.....and AXAS was not the worst..so it's "broad" based ..as in one ol' broad flapping her yap can sure wreak havoc. I was out brushing and mowing...came in to cool off...and checked in to see what condition my condition was in...........not good...damned ol' hag of a woman. JMHO GLTA
I know hedge settlements are generally non-cash charges but my understanding has been when pricing is above your hedge you take a non-cash charge for the amount the price was above your hedge and you get a non-cash gain when prices are below your hedge. Enlighten me. Thanks in advance. GLTA
Using just nominal prices of $80 oil and $4 natgas , I come up with $5,496,000 for 30 days of oil and $400,080 for 30 days of natgas....I guess being on constrained chokes isn't exactly breaking the bank....looks like a whole lot of revenues to me. I still think the average investor just isn't using a calculator and a little common sense to ascertain the numbers AXAS will be posting by year end....but that's OK...it's gonna happen regardless. Looks to me like we have eggs hatching everywhere and nobody's counting the chickens. JMHO GLTA..and thanks as always for your post ED.
Doesn't look to good for KOG shareholders..5% above the 60 day average...but then again KOG carried a high debt load. I would imagine a few folks are looking at AXAS...but unless it went at a premium I would just as soon get pps valuation through execution. There's little any individual shareholder can do anyway regarding a buyout...if it should happen let's just hope the low debt load helps to bring a premium. Bob just needs to keep on keeping on....the rest will take care of itself ..:) JMHO GLTA
Yes I think $8 is very realistic by year end. Besides the significant boost in production, it is also at a much higher oil %. The "Eye" wells were doing +90% oil cut....that's $$$$. Take into account the added well inventory in both the Jourdanton and Bakken plus the cash raise was also going to be used in part to add additional Eagle Ford acreage. People who haven't been on AXAS long take it for granted that Bob is not without unannounced surprises...for example the Wycross sale which caught most , including myself off guard. That's one reason I don't risk jeopardizing my position, you never know when to expect the unexpected. I think the current price gyration is more macro related to oil pricing than anything micro related to the company. It's nothing I haven't seen before and we just got a confirmation on well progress...so I'm content...I wasn't planning on selling anytime soon anyway....and it's all funny money until you cash out. JMHO GLTA
a show of significant production increase is well received. Versus Q1 just 5,000 boepd will be a 25% increase...I would expect something closer to 6,000 boepd. If indeed they were able to bring the additional cash flow to the bottom line earnings, then we should be in great shape. I have not seen anything that has diminished the outlook on forward guidance....and 7.5 K boepd year end is knocking at 100% production increase over Q1. If folks want to short that outlook....may the force be with them. I still fully expect to prevail on my long position and a little gyration is nothing I haven't seen on AXAS on multiple occasions. JMHO GLTA