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EXCO Resources Inc. Message Board

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  • quantuon quantuon Mar 30, 2012 9:36 AM Flag

    Don't Catch a Falling Knife

    I don't think Ross has made a fool of himself...in fact, he is brilliant...he can't lose...he knows this thing is worth $15-20 pps minimum in the long run > 2015 and he's positioned himself to own 20% of the company by next February...If natural gas rebounds then he probably doubles his money near term... if the stock craters, because they have to remark property value down, cut div, bank credit issues, etc etc, which btw gets announced next Feb, he'll be free and clear to tender them in at say $5 cash....and there will be little to do about it....so if you are a minority shareholder, you are long nat gas and short a knock-out....if the shares go to $3, u get taken out at 5 - think about how much that option is worth and the probability of that scenario? Right now, the market is telling us that that is a likely scenario

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    • I will be long Natgas soon, I'm willing to buy XCO under $5 unfortunately I think it can get there. I see no reason for a turnaround just yet while NatGas is still falling off a cliff. The inventory numbers for NatGas is astounding. Do you guys know how many flaring permits are being approved? I'm a long at heart and for the sake of the longs I hope it doesn't go below $5, however It's very possible. Wait til S&P starts spewing there venom on their credit rating..

 
XCO
2.100.00(0.00%)Feb 27 4:06 PMEST

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