With 20MilB drawdown in crude inventory over the last three weeks, and refined products dropping another 18MilB - this could be strong tail wind for AXAS (finally). Crude is up $3-4 in past 2 weeks. AXAS 2Q Earnings report should have strong forward guidance. And solid 2Q results in Permian.
Another sale and acquisition....details at Seeking Alpha
Any opinions on this latest deal?
Monster MicroCaps Alert to AXAS shareholders - $BLGO in early part of very big move. Shares up 35% in last week getting ready for several major very bullish events in short term:
1. CupriDyne Clean industrial odor control sales exploding. In under 60 days, 3 of the Top 10 Waste Industry Giants have signed Master Supply Agreements with BioLargo and word on street is that CupriDyne works so much better than the competition that it is going to dominate all odor control. There are over 1,000,000 industrial facilities with serious unmet needs for odor control. CupriDyne destined to be multi-billion-dollar product very soon. 2. BioLargo Clyra Medical Division ready to file 510k with FDA this month for revolutionary low cost advanced wound care products. Clyra has figured out how to use iodine as the most powerful known disinfectant ever known against even resistant strains, and make it completely non toxic. This is a revolutionary product that is also likely to take a big bite out of the 10 billion dollar wound care industry. 3. BioLargo’s AOS SYSTEM is the biggest breakthrough in water treatment in history. A commercial beta Prototype is being unveiled and showcased this August at the University of Alberta. The market is well over $800 Billion for the AOS SYSTEM.
"2017 is a Break-Through Year" - Dennis Calvert's LD Micro Presentation on June 6, 2017
BioLargo President and CEO Dennis Calvert presented the company's growth strategy at the 7th annual LD Micro Invitational on June 6th, 2017 ...
Last weekly EIA Crude inventories dropped 6.6MilBls. Thrice market expectation. Gasoline inventories down 5milB and refineries at capacity sucking down crude inventories and can't keep pace. Venezuela source of 2MilB/D is about to breakdown into civil war.....I wonder what the value impact on domestic producers like AXAS?
Did anyone read the recent article in SA? I sure hope the conclusion of the author is wrong. This mini-cap company can't take another equity offering. We haven't recovered from the last one.
Strange price changes in AXAS. Price target keeps getting reaffirmed at $2.60. Major investors getting in and others out. Wish they could list on the NYSE. Watson's age worries me. Look at what happened to Callon Petroleum's. CEO passed and stock dropped. Crude at $45 is not good. Hope they are hedging and using their drilling platform productively.
This drop may be overdone even considering Crude price drop. The 1Q17 report showed significant hedging on their existing production of crude and th NGL's have not dropped with crude. My concern is this production price support does not help the stock price (as much as market sentiment hurts it) until 2Q17 performance reportout in late July (or Aug).
Are you referencing the transcript of the May 10 conference call or something else. What do you see as a catalyst to move this stock above 2? IMHO PE doesn't expand until net cash flow turns positive without sacrificing production rates.
Come on Watson. Throw us a life line. I know the price of crude is seeing hard times but this is ridiculous. Even with a small rally in the price of crude today we are still getting hammered. Bad things started happening when they put those additional 40M shares out for sale. It's been down hill ever since.
This stock is going while oil is going up and even while the co. has made money the last two quarters. Some of you seem to think it is going BK explain how you figure that given the last two quarters profit not to mention free cash flow? Seems more in play than going BK. If oil stays above 45 bucks I see AXAS being OK at least for a while. Granted not the stock it once was but they are still standing and in this market that counts for something. IF oil goes back north of 50 bucks they will make money so sorry I do not see the BK that some of you like to talk about. May trade in a bad range but BK I just do not see it.
Does anyone have an idea of the bottom??
Oil is going to languish below 50 until 10% of all US exploration companies having < 500 mill market cap cease to exist. The problem is very few of these companies have desirable tangible assets that larger companies would seek to acquire. SO these unlucky 10% will head to bankruptcy.
So the question for AXAS is: 1. can they continue to eek along until oil stabilizes above 50 (early 2018)? 2. Is there any advantage to purchasing AXAS b4 we reach the 2018 stability period?
I would say Yes & NO. The no might change to a yes if AXAS heads south of 1.25 again.
Anyone have offshore contacts. How much production may have been taken offline for TS Cindy?
Back in today - gla
Crude is oversold. If you include the 0.9Mil BBls draw from the SPR, inventoriries dropped 3.2Mil last week. This makes 8 weeks draw out of last 9. The market is near the bottom of the $40-60/Bbl range and any announcement or incident could cause a rebound. AXAS cut costs to survive $30ish/Bbl and they can be a survivor again at these low prices. IMHO
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WHOOPIE IS A MAN
BK written all over this.
Oil up slightly along with many oil stocks. except this one. The question is if Axas is a broken stock or company. Opinions?
Is this the end of the road for AXAS or will we see a rebound soon??
Is this company viable at these ( low. $40s/bbl) oil prices.?Will they slow down capital spending? Since OPEC production cuts haven't stabilized oil prices does anybody think these cuts will be abandoned?