Replies to This Discussion

Permalink Reply by olddog573 on August 24, 2015 at 4:45

Lol going down with the titanic

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Permalink Reply by Skip Peel - Mineral Consultant on August 24, 2015 at 4:48

"...and the band played on."

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Permalink Reply by Franks on August 24, 2015 at 5:56

...Titanic "as" the band played on.  

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Permalink Reply by Joe Aldridge on July 25, 2015 at 2:46

As much as I'm the optimist I'm afraid that we will see $30 or less a barrel before $50. This Iran deal, that will release 30,000,000+ bbls to the market, has sunk the price for the long term. 

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Permalink Reply by Skip Peel - Mineral Consultant on July 25, 2015 at 3:45

I'm hopeful that the bottom is short of $40 but I wouldn't bet against you, Joe.  IMO anything in the neighborhood of $40 will likely begin a period of wide spread bankruptcies and mergers and acquisitions.  The equity companies are poised to finally acquire some reserves a rock bottom prices.

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Permalink Reply by Two Dogs, Pirate on July 25, 2015 at 7:26

Joe that 30 million bbls is crap oil that will not have many takers unless it is ultra cheap. Saudi Arabia and Kuwait have been shorting oil big time for the last few weeks. Others who figured out their game plan have jumped on their band wagon. The whole thing stinks to high heaven.

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Permalink Reply by Skip Peel - Mineral Consultant on July 27, 2015 at 13:24

Stock price: XCO (NYSE)

$0.56 -0.04 (-6.67%)

Jul 27, 4:06 PM EDT

 

Stock price: HK (NYSE)

$0.87 -0.06 (-6.45%)

July 27, 2015 at 4:01:50 PM EDT

 

Stock price: GDP (NYSE)

$0.86  -0.08 (-9.00

July 27, 2015 at 4:04 PM EDT

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Permalink Reply by olddog573 on August 4, 2015 at 3:15

add samson to the list

http://nypost.com/2015/07/29/samson-resources-to-file-for-bankruptc...

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Permalink Reply by Skip Peel - Mineral Consultant on August 4, 2015 at 3:19

Thanks. olddog.  I think a number of GHS members are Samson lessors.  I hope they've been paying attention.

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Permalink Reply by Franks on August 4, 2015 at 4:11

I'm no longer receiving the weekly top activity emails from here.  Looked at my email settings and I don't see a problem there.  Server may be rejecting mass email or somesuch???  

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Permalink Reply by Skip Peel - Mineral Consultant on August 4, 2015 at 4:17

Keith is logged in now and may see your reply.  To make sure, you can send him a personal message:

http://www.gohaynesvilleshale.com/profile/Haynesville_Shale

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Permalink Reply by Skip Peel - Mineral Consultant on August 4, 2015 at 10:44

EXCO receives continued listing standard notice from NYSE

August 4, 2015

EXCO Resources Inc. (NYSE: XCO) was notified on July 30 by the New York Stock Exchange (NYSE) of its noncompliance with continued listing standards because the average closing price of its common shares over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.

Under NYSE rules, during the six-month period from the date of the NYSE notice, EXCO can regain compliance if the price per share of EXCO’s common shares on the last trading day of any calendar month within such period and the 30 trading day average price per common share for that month is at least $1.00. During this period, subject to EXCO’s compliance with other NYSE continued listing requirements, EXCO’s common shares will continue to be traded on the NYSE under the symbol “XCO” but will have an added designation of “.BC” to indicate the status of the common shares as below compliance.

EXCO intends to cure this noncompliance and is currently exploring its options for regaining compliance, including by way of effecting a reverse share split, subject to the approval of EXCO’s shareholders. The company anticipates that a reverse share split, when completed, will cure the deficiency and the company will regain compliance with the NYSE continued listing requirement. If EXCO is unable to regain compliance, the NYSE will initiate procedures to suspend and delist EXCO’s common shares.

The NYSE notification does not affect EXCO’s business operations or its Securities and Exchange Commission (SEC) reporting requirements and does not conflict with or cause an event of default under any of the company’s material debt agreements. Furthermore, the NYSE notice is not related to the NYSE continued listing requirement that a listed company have a market capitalization of at least $50 million. Based on the closing price of the company’s common stock on Aug. 3, the company’s market capitalization was $158 million. A reverse share split would not be expected to affect the company’s market capitalization.

Harold L. Hickey, EXCO’s CEO and president, said, “The negative commodity price outlook has weighed on the market sentiment for small-cap E&P companies and, as a group, we’ve been negatively impacted. Our shares have traded below $1.00 per share for a period of time long enough for the NYSE to issue a non-compliance notice. The notice begins a lengthy process of approximately six months, during which EXCO can regain compliance by trading above an average price of $1.00 for 30 trading days. Regaining compliance can be accomplished by improvements in market sentiment or a reverse share split of our equity that would be subject to shareholder approval. We will be closely monitoring the situation, and we expect to remain listed on the NYSE.”

EXCO Resources is an oil and natural gas exploration, exploitation, development, and production company headquartered in Dallas, Texas, with principal operations in Texas, north Louisiana, and the Appalachia region.

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