If CA's oil shale actual reserves are 90% less than thought could this not also be true elsewhere? If so, not good for we XCO shareholders.
True about the lack of CEO because he/she in essence would HAVE no power to call or manage anything,. Obviously these few fat cats who own the majority of XCO are calling the shots. Buyout at $7? I'd take it right now but would bet tons of cash it will NOT happen.
I don't know what this guys intentions are if he doesn't own any XCO. If he's short I commend him for that. Other wise why even rant here? I own puts on XCO and 2K shares. Break even around $7.50. Puts are off setting my losses as of right now.
What your inferring is oil shale reverses in the US are nowhere near what the present projections are? Which means XCO has nowhere near what everyone thinks they have too? Which means what $2 per share here in the near future?
YTD UPL UP 27%, XCO DOWN 4.52%. Last 1.5 yrs XCO DOWN over 25%. What's going to change this negative bias? Don't tell me a buyout. I'm so sick and tired of listening to that lame excuse.
What else is new? There are over 8500 stocks on our markets and we pick this POS. Has to be one of the worst performers over the last 2+ years. Regarding auto NG usage? Everyday you hear about fuel cells. Not what the NG world wants to hear.
Coal is on its way out for sure and NG has been filling the void. Can't hurt a company like XCO. But then again nothing can help XCO as of late.
And who exactly is buying/selling this POS? You don't really think its investors like us do you? NOBODY is taking this company seriously and nor should you. They don't even have a CEO. This stock has lost 25% in what 2 months? It's a laughing stock obviously. Hence the high volume.
If he can lower his cost by either a buyout at much lower prices or has knowledge of the wealth under the soil he owns then he did NOT make a horrific mistake here. 2 major "iffs" now aren't they? I'm getting edgy for I don't like losing money when everyone else is making money. This stock could very easily slip into the $3's if these wells don't pan out. We're betting on the worth of the resources under ground and the future of NG. 2 big bets.
neil..... I'm sure you're right that Ross and company really aren't looking to export NG but feel (as you state) that once exporting in large amounts become reality they and their NG reserves will become more valuable. Good point on your part. But it sounds, according to this article I posted here, that the DOE is making it MORE DIFFICULT/COSTLY to get approval for such depots. Which will limit the amounts of NG actually being exported which works against XCO and other providers does it not?
Since companies will still have to win approval from both DOE and FERC, the total process won't actually take much longer, but by putting the lengthier and more expensive FERC process first, the change will make it harder for companies to demonstrate to Wall Street—and to prospective customers—that its plans are viable. And that will delay these companies' ability to raise capital. (Not a small issue when the FERC process alone can cost $100 million.)
If all the plants submitted to DOE for approval were to get the go ahead, they would have the capacity to export 36 billion cubic feet of natural gas a day. That's roughly half of total US production. In that context, anything that delays when some of this capacity might come online, or makes it likely that some of the proposed plants won't get built, is a big deal for early movers such as Cheniere Energy.
My point here is the Dept of Energy has made LNG a monopoly in so doing companies like XCO will never be able to engage due to these newly defined costly regulations.
The US Department of Energy has changed the rules on how it awards general export permits for liquefied natural gas (LNG). The effect of the rules is to delay permits for companies that aren't yet deep into the process. That makes shares of early movers more valuable since they will have longer to exploit huge price differentials between domestic prices for natural gas and the price of liquefied natural gas delivered to markets in Japan or Korea.
Cheniere Energy (LNG) is the only company, so far, with an actual permit for unlimited exports and, as a company with a second application very close to the finish line, is a big beneficiary of the changes.
The rule change from the Department of Energy would postpone any permit decision by DOE until after projects have passed environmental and other reviews by the Federal Energy Regulatory Commission (FERC). Previously, DOE had awarded its permit after a review of economics of the plant (including a review of any contracts with customers and a decision allowing that more LNG exports would be in the public interest) and then a company would submit a permit request to FERC. The FERC review is much more time-consuming than the DOE permit process. At this point, DOE has awarded seven export licenses. Only one of those permitted facilities—Cheniere's Sabine Pass facility—has also received approval from FERC. Six other facilities have received a conditional DOE export license but don't yet have FERC approval.
Yeah it was originally set up to import. Now it's in the process of being just the opposite. A friend of mines wife is involved in this process. Doesn't work for LNG however, but one of the contractors. That's who put me into this stock.