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EXCO Resources Inc. Message Board

  • dean4614 dean4614 Jan 15, 2014 11:22 AM Flag

    killing this stock, management really pathetic on rights offering backfire.

    Ross and his ruffians better step up soon, rights offering turning into a huge mistake

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    • And aside from the stock taking a small dip your basis for this statement is what? The rights offering was actually a huge success. If you owned the stock you could get cash for your rights or if you strongly believed in the company and had the cash you could have bought more shares with the insiders. This discussion will be a mute point within a couple of months. Love to hear your answer. Not that it will matter to me..

    • Very glad I didn't buy anymore shares at 5 bucks. Thought t would go down to 4.75 so see if it holds that level. It is dropping in up market days so probably will go lower on big down days. No reason to buy unless you see it start moving up.

    • Why was it a mistake? They raised $270M in capital to be spent on the drilling program. It might have been a mistake to participate, but objectively from a management perspective it was actually a positive step for the company. Whether or not that drilling program proves the potential of their assets is another question.

      • 1 Reply to vzar47b
      • Lol...Your dead right...All this stuff is just pure anger being tossed around...Sure, its been a horrible show for XCO....I own a lot and of course am not happy at all...But its the market....I have learned a lot of things over the last 30 years of doing this...One is you can buy a stock at its lowest low and sell at its highest high.. So ok, 5 was not the floor. Will 4 be, 4.50, 4.75? I for one have no idea. What I do care about is where XCO is in 1-3 years. And also, as a side note- when I see so much frustration, anger, people throwing in the towel it is a signal to me to begin to buy more....JMHO...D

 
XCO
4.59-0.36(-7.27%)4:03 PMEDT

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