Willy-boy, tilltale and some Mexican imitation. All present here. What a coincidence. These 3 I'm sure have posted more than any other persons here. What a coincidence. All on the same page bashing this company. All dressed up an no place to go except for some message board. What's that tell you?
The big stockholders, Wilbur and Prem and T Boone included, filed an addendum to a shelf registration to sell a total of 135,000.000 shares at their leisure. The only company manager who owns any appreciable amount of shares, Hal Hickey, also included about 60 percent of his stock in the registration, although I don't think its worth anything.
Maybe so, Wilbur often seems to make a habit of bad decisions with XCO. It would simply be more pouring more good money after bad. Natural gas prices will remain at these low levels until August. The stock price would have be pennies to make sense for them, especially Howard Marks who has an average cost of $17.
Message to the Board of Directors.
It is now time for you to sell the entire company to a buyer. You had years to turn this company around and yet it's the same noise about creating shareholder value. You have sucked this company dry with your stock options and overinflated salaries and a stock price from in the 18's to 2's. Transactions have been down in "shady grey areas" and not fully disclosed and a CEO in the past who used this company for personal gain.
Sell this company now and accept any offer at 5 dollars or higher.
Shelby and BUDA results were pretty interesting and could bode well for the future. Hal was very abrupt about the CEO search being in the hands of the BOD. That's probably a sore subject with him, but considering he's making a million a year with a big payday if they do find a CEO, he's not doing so bad.
You're a really pathetic slob Willy to sit on a message board of a company that's in your opinion dead money and useless and post. Why aren't you on those boards? Makes a TON of sense.
Wouldn't it be just a little bit more productive to pick a stock that has a chart that moves upward from left to right and that has a balance sheet where the liabilities aren't almost equal to the assets???
Agree, could be dead money for a while. As you know, there are profitable strategies to be employed for situations just like this one. It's not necessarily a lost forgone opportunity if you play options.
"Nothing to see here, they're just treading water"
Isn't that the truth. Talk about dead money and lost forgone opportunities. You're going to have to wait until early summer to see how the storage inventory numbers are shaping up and look at the gas rig counts to get a feel for the next cycle. My boring old solid JPM sure is looking better every day.