Abraxas Petroleum Corp. (NASDAQ:AXAS)

CAPS Rating: 1 out of 5

An energy company engaged in the exploration of and the acquisition, development, and production of crude oil and natural gas primarily along the Texas Gulf Coast, in the Permian Basin of western Texas and in Wyoming.

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Member Avatar TSIF (99.96) Submitted: 1/22/2016 3:07:12 PM : Underperform Start Price: $1.02 AXAS Score: +10.17

For a second day some of the oil patch stocks spiked due to higher oil prices.

Unless someone can calculate the production wells, cost to produce, and life span of the wells, I don't see how a 3-5% bounce in the price of oil can affect the harder hit players. If you factor in that they existed mostly from borrowing and the borrowing well is dry then it is even more unlikely that even if the price of oil holds, (which it won't) that they won't find relief.

The only thing working in their favor is that sometimes lien holders don't want to force the issue if there is any hope left as by the time they can exert theirselfs, nothing is left.

For the most part these spikes are a game...part bounce maybe from being over sold, but generally it's the shorts covering their positions, spiking the stock enough to ring the bell for day traders and then the uptick gets the speculators who think something is "happening". This cycle works for awhile...but sooner or later the "old bag holders" or speculators from a lower level will run away.

I don't see oil recovering enough for some of these players before the ax falls. Some may have some assets others will want, but they won't want to pay much of a premium when the debt comes across with it...unless they can skim the better assets and leave a shell. Debt load is well above any asset value in this market for the ones I'm calling here.

Target, BK, or a reorganization that wipes the stockholders.

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Member Avatar Sparticus501 (< 20) Submitted: 12/29/2015 2:50:14 PM : Outperform Start Price: $1.17 AXAS Score: -13.00

One of the few small Oil drillers prepared for the fall in oil prices, through less debt and hedges.

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Member Avatar radonic (66.89) Submitted: 12/28/2015 5:46:49 PM : Outperform Start Price: $1.18 AXAS Score: -13.77

Oil Play, Rebound.

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Member Avatar SmartAce (99.89) Submitted: 12/14/2015 11:04:22 AM : Underperform Start Price: $1.03 AXAS Score: +4.61

cannonball meet earth

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Member Avatar jed71 (99.87) Submitted: 12/10/2015 10:26:52 AM : Underperform Start Price: $1.09 AXAS Score: +7.50

I guess no one in the down thumb crew has found this one yet. Which is most likely why it remains a 3 star stock.

I opened the recent 10-Q, peeked at the balance sheet and noticed there is no cash remaining in this firm. Maybe they have received some sort of recent funding, but if they have, I surely didn't notice it. Regardless if they have gotten soem emergency cash, their revenue has also declined severely, as with all the other gas and oil firms. With Saudi Arabia and OPEC deciding not to lower production quotas, I think this spells disaster for many of these small drillers. This one has a particularly weak balance sheet, and as I mentioned in the past, those with limited funding options and a wrecked balance sheet most likely won't survive. I won't take a chance on a real life short, but this one looks to be as easy a red thumb as it comes.

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Member Avatar EnigmaDude (47.06) Submitted: 12/4/2014 3:35:55 PM : Outperform Start Price: $2.78 AXAS Score: -56.94

Insiders have been buying up tons of shares this year at higher prices than today's $2.75.

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Member Avatar cycleme (56.39) Submitted: 11/18/2014 11:33:20 PM : Outperform Start Price: $3.88 AXAS Score: -67.18

over sold due to crude price down turn

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Member Avatar 2elvemars (< 20) Submitted: 7/30/2014 2:12:14 AM : Outperform Start Price: $5.69 AXAS Score: -77.79

NG prices down, less talk of solar. NG prices up, more profits.

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Member Avatar doobs21 (< 20) Submitted: 6/30/2014 5:55:27 PM : Outperform Start Price: $6.33 AXAS Score: -80.07

like everything about the numbers

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Member Avatar vrm (< 20) Submitted: 4/10/2014 1:18:57 AM : Outperform Start Price: $4.45 AXAS Score: -78.69

AXAS has paid down debt, refocused on Eagle Ford and Baaken and on oil, and is poised to grow with their current land and bolt-on acreage to be purchased.. Divesting of non-core assets has been a boon to AXAS and this will continue. Selling Canada land holdings (when that happens) will negate their small debt load and allow for significant capex.
AXAS is making all the right moves.

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Member Avatar dunloggin (61.50) Submitted: 3/6/2014 12:20:26 PM : Outperform Start Price: $3.32 AXAS Score: -71.06

35% jump in revenues, insiders continue to purchase shares.

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Member Avatar HenryBlank (< 20) Submitted: 12/9/2013 9:16:51 AM : Outperform Start Price: $3.60 AXAS Score: -77.01

The company CEO is making all the right moves, in 2013 he successfully turned the company around by reducing debt and improving production. The stock is up 70%, and I think it has a lot higher to go.

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Member Avatar Macgregor26m (< 20) Submitted: 4/1/2013 11:11:55 AM : Outperform Start Price: $2.26 AXAS Score: -79.01

Set up for Buy Out from larger firms. Eagle Ford and others drilling areas are on fire and red hot. Price will go up when two compete to buy strong managed Abraxas. LNG is the next big Energy and AXAS is flush.

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Member Avatar jrc394 (< 20) Submitted: 11/28/2012 4:19:37 PM : Outperform Start Price: $2.12 AXAS Score: -87.99

Good entry point IMO

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Member Avatar KimLanners (< 20) Submitted: 11/16/2012 8:31:25 AM : Outperform Start Price: $5.64 AXAS Score: -76.13

I like oil plays

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Member Avatar EnvestorFirst (< 20) Submitted: 10/17/2012 2:54:49 AM : Outperform Start Price: $2.19 AXAS Score: -86.08

The stock looks cheap and likely to continue rebounding. Analysts expect earnings to grow nearly six-fold between 2012 and 2013, and that growth could continue as new wells come on line in the near future. Some analysts have price targets for Abraxas shares at about $5, which could provide investors with a double, based on current prices.

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Member Avatar azinsd (< 20) Submitted: 9/12/2012 11:35:05 PM : Outperform Start Price: $2.26 AXAS Score: -88.46

built around strong acreage and assets - it will come back

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Member Avatar ChrisEngineer (31.44) Submitted: 3/30/2012 10:53:33 AM : Outperform Start Price: $3.12 AXAS Score: -103.12

Bullish oil drillers

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Member Avatar tjadams (< 20) Submitted: 3/6/2012 5:08:24 PM : Outperform Start Price: $3.63 AXAS Score: -112.20

Going debt free with their upcoming asset sell in the eagleford will make AXAS debt free.

Couple that with owning their own drilling rig in the Bakken and the share price should double easily.

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Member Avatar riponfool (41.10) Submitted: 3/3/2012 5:14:51 PM : Outperform Start Price: $3.84 AXAS Score: -111.51

will be $7

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