There are very few left here to make any predictions. They for the most part sold and took their lumps. But I believe the big 3 are at arms but agree XCO is dead in the water and BK is imminent. Hence the miserable bond pricing. They will probably buy what's left and try to recoup some value with intermittent sales of the valuable wells. In the end we peon shareholders lose everything.
It's not a drop in the bucket. No matter how wealthy one is. This guy is taking serious gas here. But I agree it will not change his lifestyle one bit for if it did he would have sold it off and saved some face and possible more future wives. He made a big bet based on that $20 offer scam BS years ago IMHO. He was dead wrong because that buyout talk was just that. It had no substance to it that's why it didn't go through. And this commodity depression was the last stance for XCO. As it is highly leveraged.
And do what? Throwing in the towel equals BK. How would that help them recoup anything? Where is a merger proposal, reverse stock split, etc., etc.. Remember Wilder's comments that they'll do anything and all to resuscitate this company. What happened to that mind set?
Please pal. Have you no shame? You knew this you knew that you knew nothing. Nobody saw this oil glut onslaught. Ditto with NG. The frackers did themselves in especially the NG plays. Too much drilling produced too much NG. Then the Saudi's did their part to trounce what was left in commodity pricing and we''re stuck with a highly leveraged company that's DOA. We were hoping that management was going to go to bat for us via a merger. They have not for obvious reasons. His name is Ross.
To whom? I didn't hear of any proposals did you? Think about it. If they did sell it Ross loses that chance to own it solely via BK. Somebody knows the underlying value of this company's lands and resources. And in so knowing they refuse to divest it via a sale for if they do they's lose all chances of hogging it all for themselves.
Are all down about 40% YTD. A total disaster. The NG index is down over 22% YTD. A commodity depression is upon us and yes a stronger dollar will only exasperate this downturn. And the weaker such as highly leveraged XCO (which is down over 72% this year) took it on the chin more so than the stronger entities. XCO's people are making millions in salaries all the while making NO attempt to merge this company speaks volumes about their true intent to watch it go BK so the main shareholder, Ross, can scoop it up for pennies. Management may no loner be employed there but so what. They got theirs while they were there.
I would think a reverse stock split has to be implemented to display an effort on the part of Ross and Company. This Wider deal, to me, made no sense and as has been stated here was a show of BS. Window dressing as has been stated. If there is no effort to reverse split then Ross is going to own it all via BK and knew this months ago. Screwing the shareholders IMHO bothers him in no way.
And it continues its descent. Energy is DOA and has been for months now. And entities like XCO are the weakest in this sector hence more downside. Can't win for lose here.
You have dealt with them for 4+ years yet you're just posting here now? And have not owned any shares all this time? Doesn't sound very plausible to this guy.
It's been a blitzkrieg for sure. And now the weather people are addressing one of the strongest El Nino's not seen since 87'.
Oil's over ridge is now about 1.5M barrels per day which in itself isn't a reason to see oil fall in half but the derivatives are causing this volatility. What else is new? The commodity markets are a complete and utter sham anymore. Suppl/demand take a back seat to speculation.