Abraxas Petroleum Corp (fka AXAS)

[littlejohn]

Is this a one time dividend or a buyout?...

AXAS, Inc. named as surviving

company..

AXAS Public had a lot more fruit

on the vine with their oil/gas assets

before the current owner came in...

Reason for the starter question...

So we watch...LJ

[Renee]

AXAS: Shareholders of Abraxas Petroleum Corp will receive $0.50 per each one (1) share held in connection with the merger with AXAS, Inc.

FINRA deleted symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[mrdecember123]

nobody allowed to buy-------------i gave up.------i just wanted to play- but i am not allowed-----------wtf?

[Dr Elf]

How can they possibly value a stock if they are not allowing anyone to buy, only sell. Less than 600 shares daily volume will not change the value of any stock.

[mrdecember123]

td won't let me buy .02 to .05 so far---------LARK SHARES FOR FREE STEAK DINNERS ONLY buying on my part, i had hoped. But both days bid.44ask.53, but trades were .02 to .05. TDameritrade won't let me buy. Strange

[littlejohn]

OIL reserves have to be maintained

to hold value, as in SEC approved

guideline values...

CapEx is required to keep oil

reserve valuations up...

A controlling owner too cheap to

maintain a public listing may not

know any of that...

Because the controlling owner doesn't

understand that a public stock listing

is an advertising means to keep a

company in more buyer's eyes...


So we watch...LJ

[HoldEm777]

Took some at .665 chart looks like it could want to turn imo. Playing it pretty close though.

[littlejohn]

Will AXAS file to otcmarkets.com now instead

of doing SEC filings?...

Who ya gonna call?...

http://www.abraxaspetroleum.com/

https://www.otcmarkets.com/stock/AXAS/profile

So we watch...LJ

[littlejohn]

no idea, but did see the price dive...

could be market forces...

no one gives a flip about much

more than AXAS that is playing

at low price levels...

so someone may have been making

adjustments...

like, like, the volume is tiny...

only watching a tiny position...

so we watch...LJ

[CashCowMoo]

under a dollar today what is going on

[littlejohn]

8.42 on Feb., 2023 natural gas tonight...

that is fairly decent hedge money

out thru February, 2023...

https://www.barchart.com/futures/quotes/NGU22/futures-prices

so we watch...LJ

[littlejohn]

AXAS could hedge at $90/bbl thru Sept.,2023

minimum price now if they took

on new financing to expand a

drilling program...

Off course it is a higher price,

the closer to current month...


For those keeping score at home...


So we watch...LJ

[littlejohn]

AXAS 1.84, added shares to top off tank

on Wednesday and Thursday...


For those keeping score at home...


So we watch...LJ

[shurtha2000]

Back to $4

[littlejohn]

AXAS $2, and .57/share of operating income

is great where I come from...

https://www.otcmarkets.com/filing/html?id=15820036&guid=UiKwkn5GrJpVdth

so we watch...LJ

[littlejohn]

AXAS shorts are in denial stage...

https://www.mrt.com/business/oil/article/Abraxas-restructures-into-pure-play-Delaware-16754319.php


You know oil/gas are high...LJ

[shurtha2000]

can this co put a pr out something

[littlejohn]

OPEC+ missed production targets...

https://oilprice.com/Energy/Crude-Oil/OPEC-Misses-Production-Target-By-Whopping-27-Million-Bpd.html

little miss here, little miss there,
kinda adds up...

so we watch...LJ

[littlejohn]

fill your tank today even if it is

higher than yesterday...

https://www.barchart.com/futures/energies


wild price action again at

the gas pumps...


so we watch...LJ

[mick]

yes /\ Abraxas Petroleum Co (AXAS)
1.9 ? 0.01 (0.53%)
Volume: 832 @05/06/22 11:50:28 AM EDT
Bid Ask Day's Range
1.91 1.99 1.88 - 1.945
AXAS Detailed Quote

[littlejohn]

AXAS 1.89, all the money AXAS made in

1st quarter, 2022 won't be hard

to find places to spend it in

the 2nd quarter with inflation

in the drilling projects...


Can't wait to find out how much

they have to budget with...

Info always seem to be on

double secret probation with AXAS,

as always, other than filings...


https://www.otcmarkets.com/stock/AXAS/security


so we watch...LJ

[mick]

AXAS
Abraxas Petroleum Corporation
1.84
0.00 (0.00%)
Volume: -
Bid: 1.86
Ask: 1.93

[littlejohn]

thank you, folks are using more oil nowadays...

https://media1.giphy.com/media/2K7K5oynVFXG/giphy.gif?cid=790b76114249a53c77270553f7af040002a03db26c91b448&rid=giphy.gif&ct=g


so we watch closely...LJ

[mick]

AXAS
Abraxas Petroleum Corporation
1.84
0.00 (0.00%)
Volume: -
Bid: 1.86
Ask: 1.93

[littlejohn]

ruh-roh, Texas oil dipped below $100 per barrel

on Wednesday...

https://texasalliance.org/daily-market-information/


so we watch...LJ

[mick]

AXAS
Abraxas Petroleum Corporation
1.84
0.00 (0.00%)
Volume: -
Bid: 1.86
Ask: 1.93

[littlejohn]

AXAS 2.05, reply to this post if you

own any shares...

'YEP' will be ok as reply...

There are 44 boardmarks on this

board as followers...

Easily understood how some owners

may not post after last 2 years...

But I don't want to see 48 holler

everything is lovely if they post

good 1st quarter, 2022 earnings

and act like they have been around

all along...


Quietness is indeed understood though...

So we watch...LJ

[mick]

Abraxas Petroleum Co (AXAS)
2.2 ? 0.0 (0.00%)
Volume: 6,087 @04/14/22 12:23:54 PM EDT
Bid Ask Day's Range
2.15 2.2 2.14 - 2.2
AXAS Detailed Quote

[Tiger Money]

Great color! Thanks

[littlejohn]

AXAS, $2ish, has owned over 24,000 acres in

Permian/Delaware Basin for years...

AXAS took time in a recent pr

to detail how over 18,000 acres

of that total are defined as producing...


AXAS recent 10K filing for year

ending 2021 detailed production

coming from that area...

AXAS price hints that many who

have bot shares recently haven't

done much DD on the company...

Or the selling at low prices would

not still be going on...


page 6 is a good starting point...

https://www.otcmarkets.com/filing/html?id=15698715&guid=_GewknmVG-d-2ch

all SEC filings...

https://www.otcmarkets.com/stock/AXAS/disclosure


So we watch...LJ

[Tiger Money]

Yes we do!

[littlejohn]

Oil gets focus,,,if AXAS produces close to

$2 million in revenue from liquid

gas sales in 2nd quarter?,,,

will that uhh, improves holders

impression of company too?...


It is just a question while we

eagerly await 1st quarter results...

so we watch...LJ

[littlejohn]

AXAS $2ish, got to add to shares again

on Tuesday...


today is still early...


so we watch...LJ

[Tiger Money]

I think regardless we will have great numbers in 2022 with oil most likely hanging around $100 for the year

[littlejohn]

Did get to add about 25% to shares

on that early Tuesday flop...


Expecting to see 1st quarter of

2022 to have production in Texas...


But how much is an unknown

without more guidance from AXAS...


So we watch...LJ

[Tiger Money]

Gotcha, thanks

[littlejohn]

long read, hard to follow the plot...


need some script notes...


WTI currently $99+/bbl....


so we watch...LJ

[Tiger Money]

How did the k look to u? Thanks

[littlejohn]

Atta Boy AXAS, for filing 10K on time...

https://www.otcmarkets.com/stock/AXAS/disclosure

For those who recently fell in

love with AXAS, this has not

been standard proceedure for

the past 2 years or so...


A welcome change...

Would have liked to see more

pro forma info in the subsequent

event clause detailing operations

more after Asset sale...


So we watch...LJ

[Tiger Money]

Sone really bad traders got involved here… understandably

[Tiger Money]

Crazy how cheap this stock is!

[Tiger Money]

Heck ya it is. I guess it is the oil industry but this company is mega cheap

[2H2]

Good area to accumulate again.

[Tiger Money]

The market cap here isn’t even 1 quarter of earnings! Cheap!

[Tiger Money]

Nice day here as we start our push higher

[frugallife]

i guess some energy is better than others

[frugallife]

i guess some energy is better than others