AXAS News and Press, Abraxas Petroleum Corporation

2023-04-24 05:34:39 ET Summary Abraxas has filed to terminate its public reporting requirements and deregister its shares. This appears to be another step in Biglari's attempts to minimize costs and facilitate harvesting the remaining value from Abraxas's assets. Abraxas's ful...

2023-04-05 00:18:19 ET Summary OPEC+ decided to cut oil production starting in May by 1.16 million barrels per day. This cut should last through the rest of the year and it seems to solve the disparity that existed between OPEC and the EIA. The move higher is warranted, and in...

2023-04-01 07:35:36 ET Summary Twenty-one micro-cap energy producers were evaluated using a quality matrix with factors including Price/Sales, YOY Revenue Growth, Net Income Margin, Free Cash Flow Margin, and Total Debt/Market Cap. I would advise only those investors with a h...

Summary Abraxas is projected to end 2023 with around $50 million in cash and investments. Abraxas' oil production has been declining due to limited capex and it is now projected to generate around $10 million in positive cash flow in 2024 at current strip. Abraxas has invested $19.5...

Summary Abraxas's preferred shares were sold by Angelo Gordon to Biglari Holdings for $80 million. Biglari then exchanged the preferred shares for 90.6 million common shares, giving them 90% ownership of the common shares. The exchange of preferred shares into common shares is...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s be honest, you’re interested in the best penny stocks under $1 to buy now because of the lottery principle. You understand that very few people actually win lotteries, let alone the ultimate jackpot. At ...

Abraxas Petroleum is a delevered nanocap company. This pure-play Permian/Delaware Exploration & Production Company emerged from a pre-arranged bankruptcy on January 2, 2022. A conservative deal outlook would provide investors with an expected aggregate return of 25%. AXAS offe...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips There are a lot of signals which indicate that oil companies should continue to see growing top-line results. That’s primarily a factor of incredibly high oil prices. We consumers feel the effects in many, many ways...

Abraxas Petroleum is attempting to restart drilling activities. $100 oil does give it an opportunity to increase production while spending within cash flow. It probably needs to get production up to around 4,000 BOEPD (in a couple years) for its common stock to have reasonable ups...

Oil prices are rising due to the Russia-Ukraine conflict and the top gainers in the US oil and gas space seem to be nano and micro-cap stocks. There is strong retail investor interest in these companies as several of them are trending on social media websites. However, some of the...