Barclays downgraded EXCO Resources (NYSE: XCO) from Equalweight to Underweight with a price target of $5.00 (from $7.91)...
EXCO Resources (NYSE:XCO)‘s stock had its “underweight” rating restated by Barclays in a research note issued on Thursday. They currently have a $2.50 price objective on the stock, down from their previous price objective of $4.50. Barclays’ price target would indicate a potential upside of 5.49% from the company’s current price.
you have a recent link?
The bigger picture is the global reaction to lower crude inventories.. US GASOLINE Inventories are not helping the price of Oil but if Oil inventories were up Oil would drop closer to $40.. US will swallow up that Gas in no time.. US truck sales are through the roof..
retirement is not the same as resigning.. BK? not this year as they have too much cash and debt not due for a while.. Got to give our new senate a chance to save this industry or for MET to improve..
HERO has be decimated and RIG will not get back your losses even if it doubles.. so I would need HERO to go up 300% which is possible and the only way to break even if you were long since the summer.. actually some would need a 400- 500% move to break even.. If you want a safer play I'm looking into OIH and would buy in Small lots..
I agree the pendulum is swinging too far to the other extreme.. reality will kick in as no one can produce Oil at these levels and lower for a longer extended period of time.. Capex is being cut almost at every turn..
NEW YORK (MarketWatch) -- The American Petroleum Institue on Tuesday said U.S. crude-oil inventories fell by 4 million barrels to 383.3 million barrels in the week ended Jan. 2, but that gasoline and distillates supplies rose, according to analysts and news reports. More closely-watched weekly data from the U.S. Energy Information Administration is due Wednesday morning. Analysts surveyed by Platts have forecast crude stocks to rise by 380,000 barrels.
He was responding to someones call on Oil.. I'm sure he said it's possible that all banks may be nationalized in 2008- 09.. I'm also sure he said it was possible when Goldman predicted $200 Oil.. Right now oil speculators are in charge until they decide to come back to reality..
Are these johnny come lately analysts going to say that ALL the banks are going to be Nationalized again? or that HERO will go BK due to Obuma's GOM moratorium? We get it Oil is being speculated down to non-existing models for any producer..
In my opinion not cutting the dividend was a sign of confidence from management.. of course if Oil continue this path I would expect a cut since no producer will be immune..
I don't care what the PPS was 10 years ago.. maybe someone who bought 10 years ago does.. I've traded HERO successfully 3 times in the past 4 years.. maybe this time I'll lose avg cost $2.91 but maybe I won't.. this trade has become a gamble at this point.. just like the BP spill this Oil crash was unexpected and it's part of investing.. I won't sell at the life time low so I might as well add a couple shares since it doesn't cost very much..
Most companies have more debt than market cap nothing new there.. 5x's the cash than market cap is extremely rare.. it's all about whether Met & thermal coal can recover.. I'm sticking around for a little while longer to see how the new house and senate plays out or even wait for the next administration to take office.. but it's more about MET turning around for the short term..