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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Olaf Koch who started this subject1/18/2001 12:37:14 PM
From: Kavika  Read Replies (2) of 95453
 
Abraxas Petroleum Corp (ABP) 3 15/16 +1/8: CIBC Wrld Mkts initiates coverage with a STRONG BUY rating and price target of $6; ABP is a small cap highly leveraged independent oil and gas producer with areas of operation in Texas, Wyoming and Canada; firm says that ABP should experience a rapid acceleration in quarterly cash flow driven by high commodity prices, a reduced hedge position, and low operating costs.
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