undervalued Posted October 8, 2014 Share Posted October 8, 2014 Wilbur eyes CA and US Energy sector http://www.bnn.ca/News/2014/10/7/US-billionaire-Wilbur-Ross-eyeing-Canadian-US-energy-sectors.aspx Link to comment Share on other sites More sharing options...
muscleman Posted October 8, 2014 Share Posted October 8, 2014 It looks like Wilbur Ross and Prem Wasta's investment is not fail proof, at least in XCO. :) Link to comment Share on other sites More sharing options...
undervalued Posted October 9, 2014 Share Posted October 9, 2014 Down another 8% today. Why is it reacting like they're going bankrupt? Anyone knows? My guess is year end selling to take advantage of tax losses? Link to comment Share on other sites More sharing options...
CorpRaider Posted October 9, 2014 Share Posted October 9, 2014 The whole complex is getting absolutely crushed. Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 9, 2014 Share Posted October 9, 2014 a few more days with -10% and we are at Zero. absolutely stunning!!!! market is saying that oil and gas stocks actually never make Money and Business again. amazing Panic!!! Link to comment Share on other sites More sharing options...
CorpRaider Posted October 9, 2014 Share Posted October 9, 2014 What happens if the Saudis decide to take oil to sub $60 per barrel for a year or two? Yikes! Link to comment Share on other sites More sharing options...
txlaw Posted October 9, 2014 Share Posted October 9, 2014 What happens if the Saudis decide to take oil to sub $60 per barrel for a year or two? Yikes! Exco is primarily a nat gas company, though they also have more oil exposure now because of their deal in the Eagle Ford. So they're going to live and die primarily by nat gas. They hedge in order to protect themselves from disaster, and they disclosed existing hedges several days ago, which caused a weird market reaction (apparently, traders thought this was negative because nat gas could go to $6 and they believe Exco doesn't make money on nat gas unless it's at $5). I wouldn't be surprised if they just go ahead and hedge the rest of their oil production now in order to make sure that their oil ops remain nicely profitable in the face of further collapse in oil prices. If nat gas collapses again, then that would be a different story. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted October 9, 2014 Share Posted October 9, 2014 EXCO +5% AH after Pickens says company approached by buyers EXCO Resources (NYSE:XCO) +5.1% AH after T. Boone Pickens says the company has been approached by buyers, reported by Bloomberg. :::::::::::::::::::: Now up 5% after rising as much as 14% AH. Link to comment Share on other sites More sharing options...
valuecfa Posted October 10, 2014 Share Posted October 10, 2014 http://www.theflyonthewall.com/permalinks/entry.php/XCOid2081285/XCO-EXCO-Resources-up--after-Pickens-says-company-approached-by-buyers Anyone have a link to the video, or was it a print interview? I just picked up some shares today. It would be nice to know the context of what Pickens had to say, being that he is a director of the company. Link to comment Share on other sites More sharing options...
undervalued Posted October 10, 2014 Share Posted October 10, 2014 Tried searching on bloomberg site but it does not mention of exco resources or T boone pickens. Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 10, 2014 Share Posted October 10, 2014 if they are really approached by buyers would be interesting to see what they want to pay. ross, watsa and marks all have way higher entry Prices and are also as we big in the red. maybe with 10$ the see green lights. but 10$ with a 2$ share actuall is very unrealistic. hope we are getting not screwed big time. but i cant think about a sale at a low Price. makes no sense because the Gurus are big in the red. maybe take this Thing private for 4$ but this also something i dont believe wilbur ross will do. what are your thoughts? Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 10, 2014 Share Posted October 10, 2014 http://www.excoresources.com/single-news-release.htm?regid=1976165 DALLAS--(BUSINESS WIRE)--Oct. 10, 2014-- EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it is continuing its search for a new Chief Executive Officer. EXCO is currently in various stages of discussions with candidates. In connection with such search, EXCO may consider acquiring oil and gas entities or properties owned by or affiliated with the candidate who is ultimately selected Link to comment Share on other sites More sharing options...
undervalued Posted October 10, 2014 Share Posted October 10, 2014 http://www.businessweek.com/news/2014-10-10/exco-resources-may-buy-properties-from-its-next-ceo Pickens says “Somebody suggested that Exco is a candidate for bankruptcy,” he said. “They have $750 million of liquidity. They’re not a prospect for bankruptcy. But when it gets down like $2.50 a share, that starts the talk that they’re a prospect.” Link to comment Share on other sites More sharing options...
txlaw Posted October 10, 2014 Share Posted October 10, 2014 http://www.excoresources.com/single-news-release.htm?regid=1976165 DALLAS--(BUSINESS WIRE)--Oct. 10, 2014-- EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it is continuing its search for a new Chief Executive Officer. EXCO is currently in various stages of discussions with candidates. In connection with such search, EXCO may consider acquiring oil and gas entities or properties owned by or affiliated with the candidate who is ultimately selected What a bizarre press release. It sounds like they're trying to tell potential acquirers . . . hey, if you don't act soon, we're going to hire a CEO and buy properties from him too. What a threat! Without a doubt, Exco has had some of the strangest stuff go on with management. Link to comment Share on other sites More sharing options...
sriraja Posted October 10, 2014 Share Posted October 10, 2014 Indeed!!! One of the most weirdest press release. It looks like it is intended for somebody but not sure who it is. Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 10, 2014 Share Posted October 10, 2014 to the buyout Point. what Price is possible? i cleary dont get it that the Company who is owned by marks, ross and watsa and pickens will sell for 3-4 bucks and they are making big big loses. can the Company make a buyout over the heads from ross, watsa and marks? i would think that they control the Company and what Management do, because of their high ownership Link to comment Share on other sites More sharing options...
usdtor05 Posted October 10, 2014 Share Posted October 10, 2014 My two cents for what it's worth after filing them pretty closely. The deal will have to be an equity deal or allow some sort of roll-over for the Big Three. They believe the story of natural gas and no way they are going to get out now. They would need to get a good portion of the equity of the combined entity however in order for it to work for them. At this point consolidation within the industry might start to make sense if everyone is getting ready to bear down and survive until it turns so mergers start to make sense especially equity mergers where they can keep the upside once things turned. I don't think there's any chance they allow a full buy-out in cash. Link to comment Share on other sites More sharing options...
sriraja Posted October 14, 2014 Share Posted October 14, 2014 30% up in one day. Someone is buying a lot. Link to comment Share on other sites More sharing options...
undervalued Posted October 14, 2014 Share Posted October 14, 2014 Nice. I'll take it as a sign that XCO is not going bankrupt and can keep buying more. Link to comment Share on other sites More sharing options...
A_Hamilton Posted October 14, 2014 Share Posted October 14, 2014 http://www.excoresources.com/single-news-release.htm?regid=1976165 DALLAS--(BUSINESS WIRE)--Oct. 10, 2014-- EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it is continuing its search for a new Chief Executive Officer. EXCO is currently in various stages of discussions with candidates. In connection with such search, EXCO may consider acquiring oil and gas entities or properties owned by or affiliated with the candidate who is ultimately selected What a bizarre press release. It sounds like they're trying to tell potential acquirers . . . hey, if you don't act soon, we're going to hire a CEO and buy properties from him too. What a threat! Without a doubt, Exco has had some of the strangest stuff go on with management. I agree it's a bizarre release. I'd put my money on FFH pushing for Tom Ward and buying his assets as part of appointing him to the role. Link to comment Share on other sites More sharing options...
alertmeipp Posted October 15, 2014 Share Posted October 15, 2014 Xco and sd to merge or what? Both up 20 percent. Link to comment Share on other sites More sharing options...
Eye4Valu Posted October 15, 2014 Share Posted October 15, 2014 Short squeeze? Link to comment Share on other sites More sharing options...
brker_guy Posted October 17, 2014 Share Posted October 17, 2014 Did you guys see this news today? http://www.bloomberg.com/news/2014-10-10/exco-resources-may-buy-properties-from-its-next-ceo.html?cmpid=yhoo Something is cooking in the background at XCO. Link to comment Share on other sites More sharing options...
undervalued Posted October 17, 2014 Share Posted October 17, 2014 Yep. That news was mentioned here last week. It's a weird press release. Link to comment Share on other sites More sharing options...
undervalued Posted October 17, 2014 Share Posted October 17, 2014 Any news about natural gas or oil that causes XCO, SD, CHK, etc to drop? I guess the plunge continues. Link to comment Share on other sites More sharing options...
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