UPL is up about 5% YTD. XCO down about 45% YTD, Yes ALL in the NG world are getting whacked. Again. CHK really taking a beating as well. Exportation is a hope but a most distant one.
Yes you're so correct sir but there is just way too much NG even so much it's being burnt off at the well sites instead of being stored/sold. That's our problem here along with cheap oil pricing.
Over from CHK board:
The Supreme Court threw coal a bone today. EPA must consider cost and may need to downgrade levels but that does not mean they are eliminated. The industry must still deal with expensive disposal of coal ash. That cost may be far greater than any emission standards. Dirty Coal can't match cheap Nat Gas when considering the building of a new plant. That is why not a single one has been built. It is estimated that 250 Nat Gas will come online in the next few years. Those are already in the works, and many came online this summer. That is demand that will not disappear due to this ruling. The Supreme Court threw the coal industry a bone, but not a meal
Greece means squat to us here. It's all BS talk for the traders to do what they do best...put something into play so as to make fast money instead of actually WORKING for a living.
OIl has IMHO very little reason to rise in price and we all know NG pricing is a disaster. Two very large negatives for XCO. In addition they're loaded with debt.
This has been the biggest hedache for me in the last 2 years then I can even enumerate on. Ditto for everyone else here. All the while the hedge funds have made tons shorting this company.
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.
A disaster stock. Pure and simple. All I read now is we have oil coming out our ears in this world. Years back we were running out of the stuff. Experts my #$%$.
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.