Robert Watson - Abraxas Petroleum Chairman, CEO and Pres

AXASDelisted Stock  USD 0.03  0.00  0.00%   

Chairman

Mr. Robert L.G. Watson serves as Chairman of the Board, President, Chief Executive Officer of the Company. Watson has served as Chairman of the Board, President, Chief Executive Officer and a director of Abraxas since 1977. Prior to forming Abraxas, Mr. Watson held petroleum engineering positions with Tesoro Petroleum Corporation and DeGolyer and MacNaughton. Mr. Watson received a BS degree in Mechanical Engineering from Southern Methodist University in 1972 and a MBA degree from the University of Texas at San Antonio in 1974 since 1977.
Age 72
Tenure 47 years
Phone210 490 4788
Webhttps://www.abraxaspetroleum.com
Watson was involved in the oil and gas industry for his entire business career and is the founder of Abraxas. He has developed a wide network of personal and business relationships within the oil and gas industry. His strong engineering and financial background combined with his many years of operational experience throughout changing conditions in the market and industry provide him with the ability to successfully lead the Company.

Abraxas Petroleum Management Efficiency

The company has return on total asset (ROA) of 0.0975 % which means that it generated a profit of $0.0975 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (10.1597) %, meaning that it created substantial loss on money invested by shareholders. Abraxas Petroleum's management efficiency ratios could be used to measure how well Abraxas Petroleum manages its routine affairs as well as how well it operates its assets and liabilities.
Abraxas Petroleum currently holds 1 K in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Abraxas Petroleum has a current ratio of 2.08, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Abraxas Petroleum until it has trouble settling it off, either with new capital or with free cash flow. So, Abraxas Petroleum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Abraxas Petroleum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Abraxas to invest in growth at high rates of return. When we think about Abraxas Petroleum's use of debt, we should always consider it together with cash and equity.

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Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of oil and gas properties in the United States. The company was founded in 1977 and is based in San Antonio, Texas. Abraxas Petro operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 42 people. Abraxas Petroleum [AXAS] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Abraxas Petroleum Management Team

Elected by the shareholders, the Abraxas Petroleum's board of directors comprises two types of representatives: Abraxas Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Abraxas. The board's role is to monitor Abraxas Petroleum's management team and ensure that shareholders' interests are well served. Abraxas Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Abraxas Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
Stephen Wendel, Vice President - Land and Marketing, Corporate Secretary
Robert Watson, Chairman, CEO and Pres
Peter Bommer, VP of Engineering

Abraxas Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Abraxas Petroleum a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Other Consideration for investing in Abraxas Pink Sheet

If you are still planning to invest in Abraxas Petroleum check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Abraxas Petroleum's history and understand the potential risks before investing.
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