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Non-Tech : Abraxas Petroleum (AXAS)
AXAS 0.0347-66.0%Jun 22 5:00 PM EST
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To: Robert T. Quasius who wrote (43)6/14/1999 1:26:00 PM
From: Area51  Read Replies (2) of 67
 
Hi Bob,

CIBC has the following estimates:
1999 Earnings per share (4.07)
2000 Earnings per share (4.07)

1999 Cash Flow per share (before capital spending): 0.93
2000 Cash Flow per share (before capital spending): 0.57

I misread some statements and I thought AXAS had more cashflow than they actually do. It's not the pound the table buy that I thought it was, but still has favorable risk/reward IMHO. They need to start increasing revenues as fast as they have been increasing debt. Average natural gas prices significantly above $2.20 would help them a lot.

Best Regards,
Garry
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