Tue, Sep 16, 2014, 3:58 AM EDT - U.S. Markets open in 5 hrs 32 mins


% | $
Quotes you view appear here for quick access.

Abraxas Petroleum Corp. Message Board

md841 1 post  |  Last Activity: Sep 12, 2014 10:39 AM Member since: Mar 27, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • md841 md841 Sep 12, 2014 10:39 AM Flag

    i assume the $47 target came from putting a PE of 10 on RC income. Company projects it will make $125 million/year through 2021 from RC. Company is sitting on a pile of tax credits and loss carry forwards, so it won't pay taxes for a few years. Put a PE on the RC income and its easy to get to a $50 share price (IMHO).

    While the roll out of RC has been slow, they have 1/2 of the plants running and 1/3 sold. While the timing continues to slip, it seems likely all the plants will be running and sold by next spring (then sit back watch the cash build up). Seems like a pretty simple business to me.

5.19-0.07(-1.33%)Sep 15 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Avanir Pharmaceuticals, Inc.
NasdaqGSMon, Sep 15, 2014 4:00 PM EDT
JDS Uniphase Corporation
NasdaqGSMon, Sep 15, 2014 4:15 PM EDT