Abraxas Petroleum (AXAS) +3.1% premarket after providing production guidance of 4,300-4,500...


Abraxas Petroleum (AXAS) +3.1% premarket after providing production guidance of 4,300-4,500 boe/day on average for Q4 and 4,900-5,200 boe/day for 2013 (21%-28% growth over 2012). AXAS also says it is actively marketing "numerous" non-core assets; an activist investor sent a letter earlier this week requesting asset sales and other steps to improve shareholder value.

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