Footnote on the Form 4 includes vesting schedule for all shares not already vested (if you were asking me for that)
Actually only approximately 260,000 shares not vested yet ... he could of sold a lot more ... probably Christmas shopping and taxes ... still, he is a loser and I am also not happy about it ... but, it's his life
Wow! Seems like great research ... unfortunately, I'm at the mall Christmas shopping ... I'm going to have to pour a stiff drink later and study what you've done here ... regardless, thanks for the extreme effort (seriously)
Nobody important unloaded at $2 with no pending default and a recent upgrade ... institutions often have long and short positions ... they will sell shares (or naked short) to get the momentum they desire to fill the order they have been "contracted" to fill ... market makers can create illusions to develop the market they need on any given day ... imho, it was all short covering
NG pricing will never be irrelevant to the share price of XCO ... they expanded their oil exposure with the KKR deal, but they remain (and will always be) predominantly NG play
cccbondguy, thanks and glad to be here ... I've been watching for awhile and started my position a few days ago ... btw, I am invested in dozens of bonds myself ... I'm an older guy ... I like to use quantum online as a tool (not an advertisement) ... what do you use? Just like to share ideas, thanks.
I also hear your argument and don't disagree with some ... NG will be abundant in the next several years which will keep pricing in the $3-5 range (average of $4) ... which is a good thing for XCO because of the agreement with KKR since they will be adding defined producing wells at a fair market value based upon low NG pricing ... then, as exporting becomes possible and NG pricing improves, XCO will have greater production than otherwise possible ... as for the price target news, that will change with leadership changes and asset development ... besides, if the grand scheme theory is correct a price target for 2015 (which is only one year away btw) means nothing ... and, to be honest, that press release makes me actually think there may be something to the grand scheme theory ... they did not need to highlight "15% lower production" when it was within the previously reported range ... afterall, a range is a range ... if you are within that range, why bring it up at all ... it is almost like they wanted to keep pressure on the share price and get Ross and Watsa their shares ... hmmm
I should add that the 800 MHz is worth a fortune because it is contiguous across Mexico and Brazil ... Sprint has already begun work refarming 800 MHz for CDMA ... new huge capabilities ... I'm telling you is NIHD sold their 800 MHz Spectrum they could solve their debt problems and continue on their 4G plan with 2.1 MHz ... I'm sure it's something they are already thinking about
Yeah, whatever ... KFN is KKR is KFN is KKR ... I am paying attention ... that's why I asked him why did Miller's deal lead him into buying KFN? Thanks for the tip
Congrats ... but, why did Miller's deal lead you into buying KFN? Sure, I understand that they set up the deal for KKR to make their return on investment quickly (withing a year of drilling) ... but, XCO has very limited downside (if a well is not producing) and much larger upside ... and, XCO can use cash generated from each well in the first year to offset costs for acquisition at fair market value ... so, you hate XCO but loved KKR? Why?
Brazil 4G plans:
Brazilian operator Nextel will have a 4G network in operation from 2014 in some Brazilian cities, starting with Rio de Janeiro. The network operator's 3G will undergo an upgrade. For 4G, Nextel plans to use part of the 3G spectrum in the 2.1 GHz range. This has the advantage of allowing a greater range of signal for each tower that is used by competitors in Brazil (2.6 GHz) because it is a lower frequency. Another advantage lies in the fact that the 2.1 GHz range is adopted by some North American operators, which will facilitate international roaming, as well as use in Brazil for devices purchased abroad, reports Brazilian portal Teletime. Nextel also plans to introduce the Motorola Moto X and Samsung Galaxy S4 smartphones in Brazil and Mexico, with the HTC One to be sold only in Mexico.
Bottomline, it's not all over yet ... they are still fighting
Nextel Mexico (a unit of NIHD) currently has a 4G network and plans to launch a 4G LTE service in mid-2014 ... the LTE network will have national coverage ... Nextel Mexico currently has over three million subscribers in Mexico and a third of them are already on the 4G network and will have an option to sign up for LTE services as they become available ... already, the new 4G network covers the same geographic region of the old iDEN network ... the new WCDMA-based networks provide greater sprectrum efficiency and a lot of new wireless services and handset/data devices (location services and Android App market) ... they are making some progress and a Virgin mobile phone sold from a grocery story is not a "nail in the coffin" ... the current enterprise value is less than half the fair market value of their spectrum