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Apollo Global Management, LLC Message Board

vetro00 2 posts  |  Last Activity: Dec 16, 2014 4:32 PM Member since: Jun 17, 2010
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  • Abraxas Petroleum (NASDAQ:AXAS) says it will cut its 2015 drilling budget to $54M from $200M, with most of the reductions coming from the Eagle Ford where it will now release the rig after the drilling of the R. Henry 1H; AXAS also is postponing its planned 2015 Permian development until commodity prices recover.

    AXAS also cites several factors in lowering expected Q4 production volumes to 6.7K-6.8K boe/day, while still expecting to reach its forecast exit rate of 8.5K boe/day in the coming weeks when the Stenehjem wells are all flowing to sales.

    Source: http://seekingalpha.com/news/2179445-abraxas-petroleum-cuts-2015-drilling-budget-lowers-q4-production-outlook?uide=383920&uprof=45#email_link

  • Maybe it's working on the right shoulder (around 32-33) of the head and shoulders (left 32.14, right 33.31).

    http://stockcharts.com/c-sc/sc?s=CSIQ&p=D&yr=1&mn=3&dy=0&i=t79333030466&r=1415290643541

APO
23.56+0.23(+0.99%)Dec 26 4:00 PMEST

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