Abraxas Petroleum (AXAS) Message Board

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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: Doo who wrote (12)	6/14/1998 5:17:00 PM
From: Robert T. Quasius	Read Replies (1) of 67

Anybody out there on this board? New analyst numbers, courtesy of Zacks. Not surprisingly, the numbers were lowered, reflecting lower oil and gas prices. Also, AXAS is plowing a considerable amount of money into acquisition and exploration activities, so short term the earnings numbers will look bad. I think though that with the number of exploration prospects and the energy sector's long term bright outlook, this stock will be a winner long term. AXAS: SBC WAR/DIL REA decreased estimate for fiscal year ending 12/98 from $-2.89 to $-3.14 on 05/29/98 AXAS: SBC WAR/DIL REA decreased estimate for fiscal year ending 12/99 from $-2.88 to $-3.09 on 05/29/98

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