With investment bankers regarding finding a buyer for XCO. In other words.... we can't give this entity away right now. Great news isn't it? I say sell it at whatever price. Hate to be so negative but this performance in XCO over the last couple of years is absolutely horrific.
I own a few calls but the facts remain the same. Very poor pricing environment as with all energy plays. Things have not worked out obviously at all here. But at least I don't own 10 gazillion shares like Mr. Ross does. I much appreciate your post too.
Oil shale here and in China and elsewhere. Iran producing its own oil now as is Iran. Northern Africa getting their rigs back in line too. OPEC won't like this especially the Saudi's. Could it be they are paste tense controlling the world's oil supplies? What a great thought.
Yep. Many here won't admit to that though. Inside info is what makes Wall Street the toilet that it is. Making money off the backs of those who play by the rules. As for XCO? A very long road ahead for we shareholders I'm afraid too.
Small caps and energy seeing a surge in inflows lately. Is this just s-term buying on the dips or is it more of the same?
Interestingly, a separate report from BofAML's chief investment strategist, Michael Hartnett, issued a caveat that the flows could be "ETF creation for new shorts," implying traders trying to push momentum in a space that they then seek to bet against.
It's anything but. It's months of total negative results sir. Who loves constant negative returns all the while watching the overall FED led stock market go straight up? Give me a break. I'm very disgusted and have absolutely NO idea where XCO will be price-wise in the future. Nor does anyone else. You I'm sure have a much more optimistic opinion and hopefully you'll be correct but XCO's industry is not where the funds are flowing. NG prices are stagnant at best. Due to an over supply of the stuff. Will this scene ever change? I have no idea. Maybe you truly do and that's why you don't see things as negatively as some of us. It's possible.
You're not very smart now are you son? If Russia gets really PO'D and decides to drown the world alike in NG then prices will drop precipitously. Which in turn will reduce Asian imported NG pricing from the USA. Like daaaaaaa.
I don't know about $2.35 but would note rule anything out in this industry. Nothing is going our way. Winter report yesterday on the Weather Channel sounded much colder than today's other report. But the Weather Channel lives and breathes negative BS. Just go on their website any day of the week. They'll find something negative to rant on. And the Saudi attempts to thwart our oil shale industry is not helping matters.
But he's been correct. Shorts win until either NG industry gets more favorable supply/demand scenarios or a merger is consummated with XCO.
File you negativity George. Ebola is great for headlines to achieve ratings. That's all there is to it. Too bad you're one of those they're appealing too.
Everything is going against us sir. Now even the Saudi's. Supply/demand as a result of fracking is killing our chances of price appreciation. Probably for a very long time I'm afraid. Exporting you might bring up? Yeah it's coming but it takes much time and serious amounts of monies to set up facility. I know for I follow these projects. I own a few LNG shares.