I get so angry at myself for owning a commodity play patientd1 that I sometimes rebel too much. A perennial heat wave in the western states should be fortifying NG prices but not even this is bringing upward pricing. It seems like we can't win for lose here. NG should be running up now with this heat. But it isn't.
Many hot shots have lost their fat wallets betting on NG. It will never ever reach break-even numbers due to the frackers whom are now their worst enemies. NG and oil everywhere which means no price support which means no profits which means BK here we come. A foregone conclusion now as far as I'm concerned. My puts have helped me in my loss in XCO but nowhere near enough. Ross bet big and lost big. Thanks in part to the Saudi regime.
Does anyone here besides me think oil is still very over priced? Saudi regime will stop at nothing to keep market share all the while trying to destroy their biggest threat, US frackers, Iran wants in the game now too. We've been sent to hell here owning this company all the while I keep reading posts here about 7 digit compensation packages. This has been one sick joke folks.
Ross had no control over this carnage in the oil sector and you know it. Everything has gone wrong for NG and oil shale entities. That's after their efforts reduced our dependence on oil substantially. Where is our Gov when this sector (country) needs them the most?
You have every right too. You're a shareholder. XCO has lost over 110% in the last 2+ years now. All the while the DJIA has been up over 38%. That's about a 150% spin.
IMHO XCO is BK'd in less than 6 months. Using hedges to survive instead of revenues from operations will catch up with them. Everything has gone against them in this environment started by the Saudi regime.
I'm sure yet another good ol' boy negative IQ'd Fox News loyalists (if not watching the 3 stooges). The only good thing here is his equally zeroed father didn't give this loser a machine gun for that birthday present instead of a hand gun.
Give a drunk a bottle and its history. Give some wacko a gun and watch out world.
I have one question about that. Who in the hell would buy these added shares after this stocks 110% drop in price in the last 2.5 years????????
Bottom line is the Saudi's are killing our fracking industry which has given us 50% of our daily oil needs. The very same Saudi's our defense dept. has been keeping alive and well in the Middle East for decades.
And of course as we XCO folks know all too well other companies are struggling to meet loan payments and are fast approaching bankruptcy as the lenders said.
True but what affect that will have on NG pricing is beyond anyone's guess is it not? Is the exporting of NG what got Mr Ross into this venue in the first place in your opinion?
They are trying but as stated here months ago the perfect storm is precluding any headway. And there are a few at XCO making very large salaries. If they sold out they'd lose them would they not?
Who wants/needs more oil land in this dire pricing environment sir? There's way to much oil and NG around.
You believe this is the reason for today's sell off then? If so, is this not a hail mary attempt by management? By the way I did sell my rights for I believe a $450 amount. Hardly denting my losses.