No, that was Doug Miller. Hal Hickey was appointed interim CEO after Miller was fired. Hickey is one of the good guys in the oil patch.
Pickens resigned from the board, but I have observed no mention of his liquidating his Exco holdings. Have you? As for the second paragraph, reads to me as the directors ceding control to Wilder and being allowed to pursue independently other opportunities that may interfere with the ESAS's performance improvement effort.
Wilbur Ross would be ruler of the world if he never made a mistake. He has admitted he invested in XCO too early.
The inventory of drilled but not completed wells is substantial, and those will be first in line when crude prices recover. Anyway, with a perspective the opposite of ram_optimiser's, I just stopped by to salivate over the incredible opportunity SDRL now represents. Anybody buying at the current share price will be bragging about their investing acumen in 2020.
XCO will be fine. Taking the right steps to weather the storm and, with strong private equity backing, prospects for acquiring prime assets during the downturn. Retail shareholders just need to extend their investment horizons to match those of institutional investors.
That won't help HERO. GOM shallow water properties now are in the hands of the likes of EXXI and Fieldwood .
Should we jump ship in the future when you come aboard? You message board declarations have been the best inverse indicators of future share prices direction,
Did you listen to the TSO conference call yesterday? Mr. Market may have sensed the CEO seemed either to be fudging or disconnected at times. May not come across in the transcript. The pendulum swings.