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EXCO Resources Inc. Message Board

  • cavedraco5 cavedraco5 Jul 3, 2013 11:29 AM Flag

    Exco to Buy Chesapeake Oil and Gas Assets for $1 Billion

    And the best part is this quote from the CEO, "“Our emphasis is going to be on acquisitions,” Miller said on a May 1 conference call with analysts. “Our defensive days are over.”

    Because Chesapeake did not play the downturn in NG defensively, they have faced and will continue to face liquidity issues. I believe that XCO will get the better of this deal because of this. The CEO is stating that the time is NOW, and since XCO has been in a defensive position, they are in a position to take advantage of other not so smart players.

    The billionaire club will make their money here.

    Sentiment: Strong Buy

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