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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:24 EDTAXASAbraxas Petroleum CEO sees margins continue to improve
Abraxas’ President and CEO Bob Watson commented, "Our financials continue to benefit from robust oil weighted production growth and lower expenses on a per Boe basis. Together with the strong commodity price environment we have been experiencing, we expect our margins to continue to improve".
News For AXAS From The Last 14 Days
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September 29, 2014
12:11 EDTAXASAbraxas Petroleum still sees Q3 production 6,900-7,000 boepd
In terms of the company's business plan for FY14 and beyond, Abraxas plans to have a "properly" capitalized balance sheet, maintain clean capital structure, and target leverage under 1.0x FTM EBITDA. Says plans to utilize proven operating/engineering competency to drive down costs and enhance well performance. Says looking to have a better match of cash flow to CapEx and subsequent returns. Says targeting to have $190M in CapEx for FY14 and $56M in Q3. Says expecting FY14 production 5,800-6,000 boepd. Sees Q3 and FY14 production tax 8.5%-9%. Says exploring swap opportunities in the Powder River Basin in FY14. Says expecting no capital budgeted for FY14 in Canada and Raven Drilling. Comments taken from slides from the company's corporate update presentation.
September 22, 2014
07:27 EDTAXASIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.

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