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: Carole who wrote (35)	5/15/1999 12:25:00 PM
From: Robert T. Quasius	of 67

I think AXAS turned in a very strong performance, handily beating consensus of -$1.37 by reporting -$0.99. Here's some links: biz.yahoo.com biz.yahoo.com I noticed from their annual report that last year they turned in positive cash flow from operations in every quarter except the last one, and that one was basically break even. I find it very encouraging that even with the worst commodity prices, AXAS was able to manage positive cash flow. I recently boosted my holdings many fold, based upon the cheap price. After Monday's conference call, I wouldn't be surprised to see AXAS really fly. I think the stock is still priced for BK, but to the contrary is headed back up to the high single digits this year, and mid teens by the end of 2000. All we need now are continued higher commodity pricing and some exploration successes.

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