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Permalink Reply by DrWAVeSport Cd1 on August 16, 2011 at 9:42

"EXCO" 

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Permalink Reply by DrWAVeSport Cd1 on August 16, 2011 at 10:12

Had to wait til CNBC.com got video up:

 

http://video.cnbc.com/gallery/?video=300039670

"Sizing Up Market Opportunities"  Wilbur Ross  CNBC video

 

 

Go WR!

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Permalink Reply by JHH on August 16, 2011 at 11:41

Clicked on the link and it said the video is no longer available.  can you give us some of what he said in a few big points?  I know he bought EXCO a while back.  did not know he got more or his outlook.  thanks, jhh

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Permalink Reply by adubu on August 16, 2011 at 14:18

He has been approved by the BOD to increase his investmemnt from 9.9% to 20% of all the shares in company (XCO)over the next one year time frame. Purchases in open market from time to time. This was announced about 2 weeks ago by XCO. His average price on the 9.9% ( about 19 million shares is ~ $19.25/share) purchased mostly after Doug Miller CEO attempted to take company private last Nov. 2010 with bid of $20.50/share but deal fell apart due to Miller could not obtain the Funds in late June this year.

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Permalink Reply by DrWAVeSport Cd1 on August 16, 2011 at 16:11

JHH,

My apologies.  Go to CNBC videos, then look down at bottom of page and all today's clips/videos are shown.  Wilbur Ross' is under video marked "Sizing Up Market Opportunities."  Listen thru clip, he makes some nice remarks per Shale Nat Gas and future pricing thought.

Guess Berman hasn't gotten a hold of Ross yet.  (LOL)

DrWAVeSport Cd1  8/16/2011

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Permalink Reply by JHH on August 17, 2011 at 1:35

will do, thanks.  jhh

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