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EXCO Resources Inc. Message Board

  • frenchcanadien frenchcanadien Jul 15, 2014 1:19 PM Flag

    Question..

    Someone was telling me that between Pickens & Ross they now own a little over 50% of the shares. If that were true wouldn't that be significant for their ability to handle the future of XCO? I decided to buy back in again this morning. I don't think there's a lot of risk to the downside at this point. It's a stock that doesn't take a lot of watching. It's actually pretty boring.

    Sentiment: Buy

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    • Someone is misinformed. As last reported, only Ross (18.7%), Oaktree (16.6%) and Fairfax (6.4%) own more than 5% of XCO shares. You can see their combined ownership falls well short of 50%.

    • Pickens sold most of his shares at a loss. Ross is hanging in with some others that have a larger percentage of shares. Do not know exact percentage. Yes it is a very boring stock last year or so. Eventually we should all benefit in the longer term. Unless of course someone buys us out which would be fine with me at this point. GLTY

 
XCO
1.43-0.09(-5.92%)May 2 4:02 PMEDT