Does any one here read the above articles-Bloomberg
by Joe Light
What say you on this? Peace and cheers!
The High price target of the company’s Share is at $60 based on the calculations and analysis of 7 brokers. According to the analysts, the company has the Low Price target of $10 whereas, the Mean Target is estimated by the brokers is $23.86. Peace and cheers!
Happy, according to Raymond James analysis oil will hit $80/s in 2017-2018. Thats not far from now. Stay long. Peace and cheers!
How about PWE what say you? Appreciated any one input. I bought exco at $1.06/s will hold it till it hit $5/s. Peace and cheers!
lol.. Peace and cheers!
Form 8-K for EXCO RESOURCES INC
Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
As previously reported in the Current Report on Form 8-K of EXCO Resources, Inc. (the "Company") dated May 24, 2016, the Company has been deemed to be noncompliant with New York Stock Exchange ("NYSE") listing standards since June 2, 2016 due to the Company having an Audit Committee ("Audit Committee") of the Board of Directors (the "Board") consisting of only a single member following the departure of two former members of the Audit Committee, Jeffrey D. Benjamin and Jeffrey S. Serota, from the Board on May 23, 2016.
On June 15, 2016, the Company's Board appointed Wilbur L. Ross, Jr. and B. James Ford, each of whom is currently a member of the Board, to the Audit Committee and provided notice to the NYSE of the appointments. On June 21, 2016, the Company received a notice from the NYSE acknowledging that, as of June 20, 2016, the Company is in compliance with all NYSE listing standards. The notice also provided that the ".BC" designation that was added to the Company's ticker symbol to indicate the status of the common shares as "below compliance" will cease to be disseminated on June 22, 2016 and the Company will then be removed from the list of noncompliant issuers maintained by the NYSE.
In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
EXCO Resources Inc (NYSE:XCO) on May 24, 2016 reiterated its commitment to improving its financial flexibility and enhancing long-term value for shareholders through the continued execution of a comprehensive consensual restructuring program (the “Restructuring Program”). EXCO currently has approximately $250 million of liquidity and, after giving effect to the reduction of its 2016 capital budget to $85 million, the Company expects liquidity utilization to average $10 million per month during 2016. EXCO has no debt maturities prior to July 2018.
EXCO’s Restructuring Program will target an aggressive restructuring of gathering and transportation contracts, decreasing corporate overhead and operating costs, modifying unprofitable contracts, and reducing debt. The Restructuring Program will be directed by a streamlined Board of Directors (the “Board”) that represent institutions that own or direct 140 million common shares that equal approximately 50% of the total shares outstanding. These institutions historically supported EXCO through providing debt and equity. EXCO intends to continue to leverage the flexible capital, restructuring expertise and support of these investors to implement the Restructuring Program to drive value for its stakeholders through the dislocation in the market.
The drama-filled proposed merger between Energy Transfer Equity (NYSE:ETE) and Williams Companies (NYSE:WMB) took another interesting turn this week. The companies were granted approval by the U.S. Federal Trade Commission to close the merger, but on one condition: Williams Companies needed to sell its stake in an interstate natural gas pipeline that serves Florida to ease anti-competition concerns. What remains to be seen is if this condition helps or hurts the deal, which has been embroiled in a bitter legal battle.
A new hurdle to clear
In order to gain full FTC approval for the deal, Williams Companies, or more precisely, its affiliated MLP Williams Partners (NYSE:WPZ), will need to sell its 50% stake in the Gulfstream Natural Gas System, which is an interstate pipeline that delivers natural gas to Florida. The reason for the required divestiture is to ease antitrust concerns surrounding the pipeline given that it services electric power companies in Florida, which don't want to see their rates increase.
Energy Transfer Equity, L.P. (ETE) currently has High Price Target of $23. The Low and Mean Price Targets are $7 and $13.75 respectively. These price targets are a consensus analysis of 8 brokers.
When having a look at Recommendation Trends of the stock polled by Thomson First call. For the Current month, 2 analysts have assigned this stock as Strong Buy where 2 assigned Buy, 6 analysts believe it’s a Hold, 0 said Underperform and 0 assigned Sell rating.
California Resources Corp (NYSE:CRC) Stock Price Will Hit 22.43:Analyst
Author: Author Tina GumbleyPosted On: Posted on June 10, 2016
Among the 7 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for CRC is $22.43 but some analysts are projecting the price to go as high as $60.00. If the optimistic analysts are correct, that represents a 243 percent upside potential from the recent closing price of $17.48. Some sell-side analysts, particularly the bearish ones, have called for $10.00 price targets on shares of California Resources Corp (NYSE:CRC).
Natural gas prices ended Thursday at $2.617 per MMBtu and will move up next week. XCO will survive fellas. You will see. BK is not in the XCO agenda, so load up in this very cheap pps. Peace and cheers!