I'm reminded of that country music lyric: "I've been down so long it all looks up to me."
We've had a changing of the guard at $1.10-$1.12.
I'm not waiting. $1.09 is good enough for me. Rig hands leak the news long before a company press release comes out and a successful well of this potential economic impact will gap open the stock far more than nine cents. I just bought at $1.09. Thank you, Great Britain, for the 2.68% discount.
Page 32 of the June investor presentation shows that 1948 bbls/day is swapped at $39.04 through June 30. No hedges are on for 3Q. In 4Q. 2500 bbls/day is swapped at $43.25. If production averages 6000-6200 for 2016, we have lots of market rate oil being sold.
Relevant? This isn't a primary campaign with politicians trying to make the cut for the next debate. The Bulls Eye 101H is either a commercial find or it's not. Either AXAS continues to generate free cash or it doesn't.
Right now, I think the market is too negative on Abraxas due to the lower production guide for Q2 and your comments are obvious in support of that negativity. We shall see what the Delaware and the Chalk provide this summer.
The headline writers are having a field day:
"Earthstone Energy's stock tumbles 12% to 5 1/2-year low after stock offering"
Not every junior E&P could even get this done, but the institutions trust Frank.
I see allentownjeff is a cynic. The director paid 8% more than the secondary price and he's up on his purchase. He did increase his position by 25% overall. It's a green thumb to me.
Doesn't this have to include a Street repudiation of Parker/Kirby given how much worse AAL has been punished than any other legacy carrier?
Total and Oil Search both have motive to certify less, pay less and to drag it out. This deal at present works only for Michael Hession and his cronies.
We shall see, but the release reads well and the slides being used for the LD Micro presentation are pointing in the direction of at last becoming a real oil producer.
Is he Point 72 Asset Management in the 3/31/16 institutional reports? Didn't he used to be SAC Capital while he was restricted to being a family office?
Where in the Yukon will this matter be heard? It's so Yuuge!