Short lived jump , now back to $3.10
Abraxas Jumps More Than 12% on Operational Update, Guidance 08/09 01:38 PM
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02:38 PM EDT, 08/09/2011 (MidnightTrader) -- Abraxas (AXAS) is up after it says in July, it produced approximately 4,160 barrels of oil equivalent per day up from an average of 3,845 barrels of oil equivalent per day for Q2.
It expects production for 2011 to average 4,000 - 4,200 barrels of oil equivalent per day, including its equity interest share of Blue Eagle's production, which would generate an exit rate for 2011 between 4,700 and 4,900 barrels of oil equivalent per day.
It also provided an operational update.
Price: 3.47, Change: +0.38 , Percent Change: +12.3