Post by
JeffreyS on Apr 01, 2024 2:58pm
I see enormous value in AXE
But if AXE has to dilute with another $5million equity round then it is likely the company will be bought out for $2 to $3 per share with their first revenue contract. Probably by Halliburton. As noted, AXE technology can reach CHOPS wells oil reserves in a way that current technology cannot.
ALSO VERY IMPORTANT, the international price of oil could reach $200 per barrel within 18 months if all the Russian exportable oil goes off line. That looks increasingly likely because of Ukraine's strikes on Russian oil refineries and Oil Infrastructure. Thus, all of the Oil Sands companies will become much more profitable. Leading them to look at acquiring AXE as well.
Comment by
L.A. on Apr 01, 2024 3:51pm
Wouldn't that be something if the Ukraine's destroyed Russias oil infrastructure! Giddy Up