Infrastructure does not exist to support widespread use of natural gas in automobiles, and there's no incentive for the refining and marketing industry to change.
Non-GAAP is indicative of actual cash flow, the ultimate determinant of share price, which is what is important to an investor in the final analysis.
They were obligated to write down the value of reserves due to lower oil and gas prices, just like everyone else in the oil patch. Excluding that and other non-recurring items (such as severance expense), they lost only $19M.
Share price says I'm right, schleps. Cost cutting on lower revenue can only go so far to boost margins. Can't even hold $59.
Don't call me stupid, you moron. You're the one whining (again) about the share price. It sure ain't rallying on the increased margins.
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.