Abraxas Petroleum Corp (fka AXAS)

[RyGuy]

By my estimation of Felix’s purchase price, just the Permian property puts a value of over $475 million for Abraxas. That doesn’t include their Bakken property.

Right now AXAS has $200 million in debt, and a lowly $52 million market cap.

If AXAS were to sell, at similar value to Felix looks like a ten bagger.

Hopefully WXP has an interest in the Abraxas contiguous property. I know supposedly WLL was interested in it. Now at least there is a recent valuation available.