Abraxas Petroleum Corp (fka AXAS)

[jdsgungho]

been doing a little due on this and see a promising future ahead for this company -i also just read the through the confrence call as well and particulary liked this part

Bob Watson

I tend to think that gas prices have seen the highs for the year pending a weather confrontation that we don’t see yet. Oil prices, they’re going to vacillate between say $110 and $130 a barrel; I don’t think we’ll see a $145 any time soon. And gas prices somewhere between $8 and $10.50 or something like that; those are all numbers that we make very good money at. They go higher than that; we’ll make more. Keep in mind that Abraxas Petroleum Corporation has no hedges, so we are being paid market prices for our production and as our production grows, certainly our cash flow is going to grow accordingly.

http://seekingalpha.com/article/90639-abraxas-petroleum-corporation-q2-2008-earnings-call-transcript
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Abraxas Energy Partners, L.P. has announced that it has filed a registration statement with the SEC for an initial public offering of its common units. A.G. Edwards & Sons, Inc. will act as book-running manager and representative of the underwriters. It has a proposed max offering of $55.66 million for 2 million common units and will pay out a $1.50 per year dividend (paid quarterly divided by 4).

http://www.abraxaspetroleum.com/news/newsframeset.htm

with winter coming and damage to the oil and gas fields along with the fundamental strength of this growing company, i see a recipe for success brewing(JMHO)