jawn619 Posted December 10, 2014 Share Posted December 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.” I don't see where they have $750 million in liquidity. I see 250 in current assets Link to comment Share on other sites More sharing options...
thepupil Posted December 10, 2014 Share Posted December 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.” I don't see where they have $750 million in liquidity. I see 250 in current assets typically cash + revolver availability = liquidity Link to comment Share on other sites More sharing options...
jawn619 Posted December 10, 2014 Share Posted December 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.” I don't see where they have $750 million in liquidity. I see 250 in current assets typically cash + revolver availability = liquidity Follow up question. Right now on their most recent quarterly statement. it says that they have in millions Current Assets of $248,877 Current Liabilities of $372,585 and Long term liabilities of $1,549,439 Also from their quarterly they say they have about $700,000 in the revolver. so that 700mil isn't included in the LTL right? It's just the ability to borrow 700mil? Link to comment Share on other sites More sharing options...
jawn619 Posted December 15, 2014 Share Posted December 15, 2014 EXCO suspends dividend! Link to comment Share on other sites More sharing options...
valueinvestor82 Posted December 15, 2014 Share Posted December 15, 2014 This should have happened a long time ago. I went to the annual meeting last year, and I asked about cutting it as a capital allocation decision that seemed to make sense, and I got a fairly political non-answer. Of course a 70/something year old country guy spoke up and said that he "likes seeing that dividend each year." Wow, thanks for your wisdom buddy! Link to comment Share on other sites More sharing options...
jawn619 Posted March 12, 2015 Share Posted March 12, 2015 hitting all time lows today. This similar to PWE in that they are loaded with debt and got destroyed in oil crash. XCO does natural gas though so if you have a brighter outlook on natural gas this one it might be worth a look at. market cap of 400m and debt of 1.4B. 700m of it is due 2017 and and 500m is due 2022. Trailing Ebitda of 480M but who knows what it will be next year. Link to comment Share on other sites More sharing options...
valueinvesting101 Posted March 12, 2015 Share Posted March 12, 2015 http://www.streetinsider.com/Management+Changes/T.+Boone+Pickens+Resigns+from+EXCO+Resources+(XCO)+Board/10349272.html From Bloomberg news story: "Pickens said in an October interview with Bloomberg News that Exco had been approached by potential buyers. That prompted the company to issue a press release a day later stating that it may buy properties from its next chief executive officer, whom it has yet to name. The company has been without a CEO since Douglas Miller resigned in 2013. Pickens has been on the board since 2005." Link to comment Share on other sites More sharing options...
jawn619 Posted April 1, 2015 Share Posted April 1, 2015 http://www.streetinsider.com/Guidance/EXCO+Resources+(XCO)+Enters+Services,+Investment+Agreement%3B+Appoints+New+CEO/10421182.html Unexpected but small investment by bluescape resources to hopefully turn exco around. No debt due until 2018 but it is still and equity stub until then. This one could be a turnaround with the help of bluescape. Link to comment Share on other sites More sharing options...
muscleman Posted April 1, 2015 Share Posted April 1, 2015 http://www.streetinsider.com/Guidance/EXCO+Resources+(XCO)+Enters+Services,+Investment+Agreement%3B+Appoints+New+CEO/10421182.html Unexpected but small investment by bluescape resources to hopefully turn exco around. No debt due until 2018 but it is still and equity stub until then. This one could be a turnaround with the help of bluescape. Interesting. Do you know Bluescape Resources Company's track record? With a nat gas price of $2.6, there is no way any gas companies are making money. However, the Oil and gas reports show that shale oil drillers are NOT cutting any productions in the April month. I wonder if the nat gas by product from shale oil along would keep the gas price low for a very long time? How long can XCO remain solvent with the current gas price? Link to comment Share on other sites More sharing options...
jawn619 Posted April 1, 2015 Share Posted April 1, 2015 http://www.streetinsider.com/Guidance/EXCO+Resources+(XCO)+Enters+Services,+Investment+Agreement%3B+Appoints+New+CEO/10421182.html Unexpected but small investment by bluescape resources to hopefully turn exco around. No debt due until 2018 but it is still and equity stub until then. This one could be a turnaround with the help of bluescape. Interesting. Do you know Bluescape Resources Company's track record? With a nat gas price of $2.6, there is no way any gas companies are making money. However, the Oil and gas reports show that shale oil drillers are NOT cutting any productions in the April month. I wonder if the nat gas by product from shale oil along would keep the gas price low for a very long time? How long can XCO remain solvent with the current gas price? John Wilder was Chairman of the Board and Chief Executive Officer of TXU Corp from February 2004 through he sold it to a PE firm in 2007. Under his leadership, TXU delivered 70% annualized returns to shareholders and ranked 5th best in the S&P 500. Link to comment Share on other sites More sharing options...
kfh227 Posted April 1, 2015 Share Posted April 1, 2015 Number of Warrants Granted Exercise Price Term 15,000,000 $2.75 49 months 20,000,000 $4.00 60 months 20,000,000 $7.00 72 months 25,000,000 $10.00 72 months As a shareholder, not too upset. I'd love to see the stock get up to $7. Link to comment Share on other sites More sharing options...
muscleman Posted April 1, 2015 Share Posted April 1, 2015 http://www.streetinsider.com/Guidance/EXCO+Resources+(XCO)+Enters+Services,+Investment+Agreement%3B+Appoints+New+CEO/10421182.html Unexpected but small investment by bluescape resources to hopefully turn exco around. No debt due until 2018 but it is still and equity stub until then. This one could be a turnaround with the help of bluescape. Interesting. Do you know Bluescape Resources Company's track record? With a nat gas price of $2.6, there is no way any gas companies are making money. However, the Oil and gas reports show that shale oil drillers are NOT cutting any productions in the April month. I wonder if the nat gas by product from shale oil along would keep the gas price low for a very long time? How long can XCO remain solvent with the current gas price? John Wilder was Chairman of the Board and Chief Executive Officer of TXU Corp from February 2004 through he sold it to a PE firm in 2007. Under his leadership, TXU delivered 70% annualized returns to shareholders and ranked 5th best in the S&P 500. Past performance does not guarantee future returns. :) Nat gas price was solid between 2004 and 2007. John Wilder is not able to pump the nat gas price higher right now. Let's say, the nat gas price remains at $2.6, how long can EXCO remain solvent? Link to comment Share on other sites More sharing options...
jawn619 Posted April 1, 2015 Share Posted April 1, 2015 http://www.streetinsider.com/Guidance/EXCO+Resources+(XCO)+Enters+Services,+Investment+Agreement%3B+Appoints+New+CEO/10421182.html Unexpected but small investment by bluescape resources to hopefully turn exco around. No debt due until 2018 but it is still and equity stub until then. This one could be a turnaround with the help of bluescape. Interesting. Do you know Bluescape Resources Company's track record? With a nat gas price of $2.6, there is no way any gas companies are making money. However, the Oil and gas reports show that shale oil drillers are NOT cutting any productions in the April month. I wonder if the nat gas by product from shale oil along would keep the gas price low for a very long time? How long can XCO remain solvent with the current gas price? John Wilder was Chairman of the Board and Chief Executive Officer of TXU Corp from February 2004 through he sold it to a PE firm in 2007. Under his leadership, TXU delivered 70% annualized returns to shareholders and ranked 5th best in the S&P 500. Past performance does not guarantee future returns. :) Nat gas price was solid between 2004 and 2007. John Wilder is not able to pump the nat gas price higher right now. Let's say, the nat gas price remains at $2.6, how long can EXCO remain solvent? Yeah that's why it's still an equity stub. If nat gas prices remains at 2.6 for 3 years, and 2018 comes and they can't issue new debt or sell some assets, it's likely exco shareholders won't make it out. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted April 12, 2015 Share Posted April 12, 2015 Interesting... http://www.bizjournals.com/pittsburgh/blog/energy/2015/04/after-selling-marcellus-acreage-shell-might-wind.html Regionally, BG has a 50-50 joint venture agreement with Exco Resources Inc. (NYSE:XCO) for conventional and unconventional assets in Pennsylvania. Some of its acreage is not far from a chunk of acreage Shell (NYSE: RDS.A) affiliate SWEPI sold to Rex Energy Corp. (NASDAQ:REXX) last summer. Exco holds 290,000 net acres in the Appalachian basin, and more than half is prospective for Marcellus Shale, according to its most recent 10-K filing with the Securities and Exchange Commission. -and- Not only is BG a partner, but it is customer of Exco — and a significant one at that. According to the 10-K, BG Energy Merchants, which markets regasified LNG, accounted for 34 percent of total consolidated revenue in 2014. Link to comment Share on other sites More sharing options...
cogitator99 Posted July 28, 2015 Share Posted July 28, 2015 Anyone have thoughts on latest earnings? Since shareholder approval on the Bluescape deal is expected on August 5, Wilder will have to buy his $40 mn worth of stock after that. At the current price he's going to get a bit more than 25%... Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 14, 2015 Share Posted October 14, 2015 more background info rather new news: Wilbur Ross Turns to Ex-TXU CEO to Save Exco http://www.wsj.com/articles/wilbur-ross-turns-to-ex-txu-ceo-to-save-exco-1444840310 Link to comment Share on other sites More sharing options...
undervalued Posted March 9, 2016 Share Posted March 9, 2016 What's the cause of the pop today? Link to comment Share on other sites More sharing options...
MrB Posted March 9, 2016 Share Posted March 9, 2016 Leveraged gas play would be my guess. Link to comment Share on other sites More sharing options...
Simple Investor Posted August 8, 2016 Share Posted August 8, 2016 Anyone see the bond tender offer? Hoping to buy up to $40mm of bonds starting with 2022. Paying $45 for each maturity plus an extra $5 (consent payment) 2022. I'm holding off. As I paid 71 for the 2018. Link to comment Share on other sites More sharing options...
Picasso Posted August 24, 2016 Share Posted August 24, 2016 http://www.bloomberg.com/news/articles/2016-08-24/a-turnaround-titan-meets-his-match-amid-oil-s-downturn Link to comment Share on other sites More sharing options...
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