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Non-Tech : Abraxas Petroleum (AXAS) -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (43)	6/14/1999 1:26:00 PM
From: Area51	Read Replies (2) \| Respond to 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