landowner

EXCO

I'm not sure if it's OK to discuss subjects like this in the general forum... so i apologize in advance if it's not OK.

What are your thoughts about EXCO.  Our family has a few of their wells on our property and i own some EXCO stock.  But it seems like the company is just wandering... lost its umph.  Is EXCO just producing to survive or do you think it will become a big operator... or maybe sell out?

thanks

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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on March 1, 2014 at 13:51

Exxon has habit of buying companies with X in their name.

Permalink Reply by tc on March 1, 2014 at 14:01

You could say they have already sold out as Oaktree Capital, Wilbur Ross, Ares Capital, and a few others already own around 50% of the company.  Naming a new CEO to replace the departed Miller, would help provide direction.


landownerPermalink Reply by Henry on March 1, 2014 at 14:22

Wilbur Ross has been their staunchest supporter for a long time.  He ended up buying a bunch more XCO stock at $5 with their recent rights offering. 


landownerPermalink Reply by JHH on March 1, 2014 at 14:24

Hey Henry!   Have not been on the page in a while.  Not much going on here in East Texas. If it is... they're keeping it secret.  finally got some of our land leased in Howard county in West Texas.  Hoping they drill sometime this year.


landownerPermalink Reply by Henry on March 2, 2014 at 1:25

JHH,

Good to see you back on this site.  Good luck with drilling.  Sometimes good things (i.e., higher gas prices) come to those who wait!  (If only that would be true for our XCO stock....)

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