Don't forget to subtract the buyback of 5.2 million shares as of 12/31/12 from the IPO offering of 8.1 million shares in Oct 2011.
The tiny current float of 2.61 million shares equates to only $52 million in trading volume. The secondary offering increases trading volume to over $200 million. Now we have a stock that is more attractive to institutional buyers. This is a win-win for new money and existing shareholders. Short term consolidation from increased liquidity followed by continued up trend.
a little clumsy on the typing above... I had a look at insider sales - nothing much... what are you talking about? the Summit sales in March? that's old news.
I held through the dark counterfeit days and still holding now with better days ahead... this story is far from over.... my target price is $41.
..."now you see the challenge of running a company with volatile commodities."
"Again, I think we're in a trough, expect some action out of us, because we're coming out and we're working on deals. And so expect to hear from us in the near future. "
"the waiting is the hardest part..." - Tom Petty
Sentiment: Strong Buy
More head scratching 2012 closing prices...
May 2012 Nat Gas= $2.04 ... XCO= $7.20
Jun 2012 Nat Gas = $2.43 .... XCO= $7.59