Abraxas Petroleum Corp (fka AXAS)

[littlejohn]

AXAS .22, hedged at $55/bbl of oil in

2020 on 95% of production

is old March,2020 news...


http://www.abraxaspetroleum.com/news.aspx?releaseid=16126


Blackrock showed owning about

11,400,000 shares at 03/30/2020...


https://finance.yahoo.com/quote/AXAS/holders?p=AXAS


Blackrock now only shows

owning about 3,300,000 shares

at 06/30/2020...

https://www.otcmarkets.com/filing/html?id=14267309&guid=vlcFU6mgIWViaEh


That is a lot less resistance

to upside that was controlled

by one big fund...


Smart retail that have bot

shares so cheap should think

long before giving those

$55/bbl hedged shares back to

big funds too cheap...


How they use calculators is

their biz...


Peons just hit the calculator

keys and read the answer...


2nd quarter,2020 has a comp

of about .07 per share of

EPS in 2nd quarter, 2019

to match or beat...


My own guess is a royal

whipping of 2019 results...

But it's only a guess...


So we watch...LJ