Bret Jensen
Long only, contrarian, special situations, value

Abraxas Petroleum: A Speculative $2 Bakken Producer To Buy

West Texas Intermediate (WTI) oil prices have had a nice run over the past couple of weeks despite a strong dollar. Thanks to new pipeline capacity coming online the spread between WTI and Brent crude prices has narrowed substantially over the past few months and currently stands at only a few bucks a barrel. Although this is a negative for some of the refiners I hold in my portfolio, th...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
You are protected by the Seeking Alpha Money Back Guarantee and will get a prompt refund on the unused portion of your subscription at any time, for any reason.