The haynesville property located next to LNG is one reason. The expected increase in NG pricing is another. Top tier invested shareholders helping provide both direction and deals is another. One more is that oil, even though not the biggest part of XCO, should rebound to $85+ sometime next year. The truth is that no one knows anything for sure and each of us needs to do our own due diligence but this is my assesment. Remember LNG output will rise significantly over the next few years to meet the expected LNG demand.
I unfortunatley agree with you on this one however any long term holders will make money even with a purchase cost well in excess of $20. The current attack is just too strong.
I don't believe any CLNE energy contracts or expected revenues were materially changed with the oil crash. Maybe there is a perception that we won't need NG vehicles because oil is so cheap, but I don't believe this to be true as the price of oil is oversold and NG is still cheaper than oil even at this price. So why the crash? I bought in today, I hope I am making the right move.
Your negative posts led me to that conclusion. If you are only short HK and UPL however you have enough troubles. Good. You deserve to pay for your insulting manner and factless posts.
You are short HK and UPL. UPL is still under attack so I am holding off on a purchase but I am glad that HK was up 17%. XCO was also up big in spite of your negative posts. I suspect you are also short there. Unfortunately we had to share gains in SD today. Overall however you had a lousy day. After UPL hits bottom you will also suffer but unfortunat
To buy into this massive short party then this is the beginning of your reward. If you had the conviction to hold you will be redeemed. If you are joining us now then you will share in our gains. XCO will be in the teens in less than 3 years.
There is more than just Wliber Ross here. T Boone, Prema Watsa and Howard Marks are not slouches. They are the best and most experienced minds in energy. They are focusing on NG presently. That is also where the funds from our dividend are being allocated. This volitile market is very bad for ones nerves but if you can hold steady and not get sick I see this stock in the teens in a few years (IMHO).
Now ain't this a switch. I am still waiting to buy in big as I see a very powerful short attack going on. I am waiting for the $12 range. Having said the above I am sure if you hold you will make money.
90% of the assets of XCO are NG not oil. I am not overly concerned about the oil portion. The stock is already oversold even if we have $50 oil. The company will shift to more NG and less oil production. Also US oil is cheaper than Saudi oil. Oil companies support shareholders an many can live with $70 oil or even less. The Saudies need $80+ oil to support their kingdoms. The Saudies are flush with cash for the moment but that can't last forever. Oil can remain depressed for a while but based on breakeven points it will end up higher than where it is today (IMHO).
proumanas - I am very long XCO but beta-seeker is correct. Look at the press releases by the company. Assuming a 3 month roll-forward from last month would give us December 11 as the announcement day. This also makes Willie May incorrect. This information is easily verified. This is why I believe that the announcement will happen Monday or Tuesday if a dividend is declared. Now keep in mind this is all nonesense. There is a deal coming down soon. Even Cramer has commented on this though I am no fan of his. He will want to look like a seer predicting this deal but the truth is management has already announced that something is afoot.
Last time record date was Sept 22 and it was announced on 9/11. We could have an announcement this Monday or Tuesday. It appears that this decision is not an easy one for this quarter so it is taking more time to decide. If no dividend is announced this week I would assume that there will be no dividend but it is too early to make the call now. Not sure about the market reaction either. A dividend declaration could send the stock up or down and the same holds true for no dividend. The bigger fish here is the current deal being worked on. Now I would like to see that come out this week...
We can discuss a great many arguments on whether XCO is a buy or a sell but the bottom line is the price of NG. When I saw NG up and XCO down I bought more this morning. I see NG in the $4 range this winter due to reduced capital budgets and a hopefully "normal" winter. The odds are in XCO's favor though I admit in the short term it is always a bit of a #$%$ game.
I have noticed this. I might expect a dividend reduction or elimination though the truth is I really don't have a clue. The problem is that while a dividend elimination or reduction is sound fiscal planning in these difficult times the market may see it as one step towards bankruptcy. The truth is NG is not horrible like oil and between the hedging and the recent asset sale the company should easily survive and thrive especially when NG prices go back up in 2015 or earlier. Management has an interesting situation here. The fact that no dividend was declared yet may already be the answer. I suppose we will know with certainty very soon.
First. I don't know that a dividend is coming. Second the dividend doesn't seem to stop the shorts on any energy investment these days. But I do see NG up today while XCO sells off. Therefore I think we will recover later today but more importantly NG is expected to rise and XCO is a mostly NG company. I will hold here even though we may be pushed down more in the general energy sell-off.
The Russians are getting hurt badly and a wounded animal is a dangerous one. They might as well take Ukraine now, there isn't much else to lose. Iran is suffering miserably as well and they don't play fair. They may do something evil, like bomb a few Saudi oil wells. Numerous other despots and legitimate countries are in turmoil. Even ISIS is hurting from a lack of oil profits. They definately would have no problem bombing a few wells in Kuwait or Saudi Arabia. Look at the insanity in Africa with the Nigerians. Low oil prices seem to be good at hurting alot of bad guys along with a few not so bad guys but international turmoil causes war. A material war in 2015 is not in the current projections. It would bring up oil prices but some markets would fall. Should be interesting. I believe the odds of a very material conflict happening in 2015 are very high. If I am correct what investments do you suggest? I think SD may be one of them..
He adds interesting information. Granted it won't affect the current price of UPL but you only knock his valid input. Why don't you add something concrete about this industry or stock. Maybe you are too speachless from your HK short losses or your SD losses or your XCO short losses. You are the only sidewinder here. I appreciate informative posts. So should you. You may learn something aside from trying to be a good gambler and a worthless poster. Try sharing valid input. That's what these boards are supposed to be for. Not just to pump down or up with no facts behind them.