Most major power companies are switching from coal to NG due to the new regulations from the EPA. Also, there currently is no exporting of NG, but that will change in the next two years as Cheniere Energy begins exporting. The global NG prices are much higher than those in the US, so when NG begins exporting NG will trade the same way as oil does.
Natural gas is not becoming the "next" generation in the energy world. More acceptance yes buy hybrids, hydrogen cars are the future along with electric. XCO is DOA. I gave up on this company a while back. Reality is a terrible thing to overlook people. Good luck though.
And try some DIS or maybe BA. Blue chippers who actually represent something valid besides hopes and dreams.
Many a year ago the news was abuzz about these mini home power plants that utilized NG to generate electricity. Great idea at the time. In essence each home was totally independent from any power utility. Now if this technology did in fact become a resounding success yes then NG and companies like XCO would be major hits. But like I said IF.
Fact is NG is and will NOT ascend in price for years until supply can't meet demand which is ions away from reality. And as far as I'm concerned this Ross guy made the biggest mistake of his life buying XCO.
Good point. I have often done that, and have had some notable losses over the years in other stocks Since last August I bought and traded XCO from $8 to $4.69. I was down a ton (and worried) at that point. But I have sold everything (several times) since then except for 26K shares at avg of $7. With this downturn I'm down 80K on my current holdings, but have profits of 210K since last November. I can take the risk, because I have a very successful business. Still, I'll b crying like a baby if we go down to $4.50. Glta longs, and all with the strength to buy or hold tight here. I still think it might b a bumpy ride, but we will see $6 plus in the next 6 months, hopefully sooner.
Sentiment: Strong Buy
When I said "It means nothing", I was addressing whether these buys had any bearing on the upcoming earnings. With all the regulations & scrutiny in regard to insider trading, only a very stupid executive and/or a company with very lax corporate governance would trade shares on short term events. I think buying or selling of shares are more based on the medium/long term view of the company.
OKAY I too would like to see them continue to purchase stock on the open market like a few months ago, but here is how the recent stock grants work. Remember this is performance based and we should all benefit if they vest.
Performance-Based RSUs.Pursuant to the Award Agreement, each participant is eligible to vest in and receive a number of shares of the Company's common stock, par value $0.001 per share ("Performance Shares"), ranging from 0% to 200% of the target number of RSUs granted based on the attainment of total shareholder return ("TSR") goals during the period commencing on and including the date of grant and ending on third anniversary of the date of grant (the "Measurement Period"). The RSUs will vest upon the third anniversary of the date of grant, July 1, 2017 (the "Vesting Date"), subject to the achievement of certain performance criteria set forth below, provided that the participant is providing services to the Company or a subsidiary on that date and subject to the restrictions and conditions of the Incentive Plan.
TSR's is the main term here= Total shareholder return
jump in , the price is low. I bought 40K so far today. Now is not the time to count your daily loss, but to pick some of these shares, and dump them within 3 months (I hope ) for $6.15.
Sentiment: Strong Buy
possible, but he did put another $100 million in in January, so it appears he is still engaged to some extent. also, he mentioned he has sold six times as much as he has bought this year. so he's selective in buying right now, but still put $100 million more in XCO. . I'd rather have a CEO or ownership who has some urgency to improve execution and business and drive the stock above $10.