SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : IPO and Other Stock Plays
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: MLD387/13/2007 1:21:31 PM
   of 13331
 
Jon C. Ogg re the IPO Filing of Abraxas Energy Partners, L.P.
247wallst.com

Ogg writes ..."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)."...

...Abraxas Energy was formed in May 2007 by Abraxas Petroleum Corporation (AMEX:ABP) to exploit, develop, produce and acquire oil and gas properties. ... assets are located in South and West Texas. Abraxas Petroleum is a thin volume oil & gas producer that operates in South and West Texas and in central Wyoming....

Ogg writes that Abraxas Petroleum Corporation (ABP)
... "is the parent of the spin-co and its market cap is only $193 million. This is an interesting situation as it is very thinly covered, but keep in mind that this is a speculative play of what is already a speculative energy stock that has traded all over the place and used to be over $10.00 before 2000"....

near the ends:
...At December 31, 2006, its properties had estimated net proved reserves of 65.4 Bcfe, of which 91% were gas, with a standardized measure of $116.3 million."...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News