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КОрпорация Кодиак Ойл & Газ Message Board

willy_may_hudson 25 posts  |  Last Activity: Jun 10, 2016 11:14 AM Member since: Oct 9, 2008
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  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 10, 2016 11:14 AM Flag

    $821 million in assets
    $1,690 million in liabilities
    ($788) million in stock equity
    and all you can say is hardly???? lol

  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 10, 2016 9:57 AM Flag

    I know all about Ross' $20 purchases. The point is the summer cooling season and current raising nat. gas prices is not going to help XCO, it's too late for that. They don't have any money to drill, the Marcellus assets are wasting away they need $67 oil prices to break even and 8% interest expenses is going to simply eat them alive.

  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 9, 2016 12:46 PM Flag

    XCO's business plan is simply old school, built back in the days of $11 per MMBTU prior to the fracking boom. It can't survive much longer with $2 gas and oil below $65. lt couldn't cut it back when oil was $100 two years ago.

    "Natural gas futures jumped Thursday after weekly U.S. data showed stored supplies rose less than expected.
    The U.S. Energy Department said natural gas stockpiles rose 65 billion cubic feet in the week ended June 3, well short of the 79 billion-cubic-foot increase projected in the consensus estimate of analysts surveyed by The Wall Street Journal.The lower-than-expected increase meant the surplus of stored gas, while large, is not as big as expected at 32.1% above average for this time of year. Still, supplies remain hefty, with nearly 3 trillion cubic feet of gas in U.S. storage.Natural gas futures had been toggling between gains and losses before the data’s release but rocketed higher afterward. The market recently traded up 4.3% at $2.5750 a million British thermal units on the New York Mercantile Exchange.Natural gas prices have surged about 15% since late May on expectations of strong summer weather-driven demand for gas-fired electricity generation to meet air conditioning needs. After a tepid winter of limited heating demand that left supplies bloated, there has been a spate of above-normal temperatures across the U.S. this spring.Meanwhile, lower production, the switching of power plants from coal to gas-fired generation and burgeoning exports are improving the demand side of the equation, combined with hotter temperatures so far this season.“The warmth we saw has triggered [air conditioning] loads,” said Gene McGillian, senior analyst at brokerage Tradition Energy. “The power sector is eating up the gas.”Forecasts were little changed Thursday but are maintaining their outlook for a swath of above-normal temperatures stretching from the southwest to the Midwest in the next two weeks, with a patch of much-above normal temperatures o

  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 9, 2016 12:30 PM Flag

    Not above $, but this below "compliance status" is certainly not good.

  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 9, 2016 12:26 PM Flag

    It's simply reckless! It makes you think that they just might get rid of debt by having debtholders become new shareholders, thereby wiping out existing equity owners after all.

  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 8, 2016 2:12 PM Flag

    Shorts have to buy and cover their position at some point while XCO is still listed and their is still some market liquidity. At market tops even the dogs like XCO have their run ups, that doesn't mean the shares are in any better shape than before. If XCO somehow survives it will be only because they had to do a huge secondary. Who needs the risk?

  • Reply to

    Head Back to Earth

    by willy_may_hudson Jun 8, 2016 9:41 AM
    willy_may_hudson willy_may_hudson Jun 8, 2016 2:01 PM Flag

    "If the transaction didn’t win approval by June 11, the fund, WL Ross Holding, would have had to be liquidated and the $500 million returned to investors.Special purpose acquisition companies, or SPACs, have two years to invest their money — or liquidate.In addition to the embarrassment and the financial hit, having to liquidate the fund for failing to invest the money would have meant that Ross, 78, could find it much tougher to raise money in the future.“It would have some effect” on future fundraising, Ross told The Post.
    The liquidation of WL Ross Holdings would have also marked the fourth straight misfire for Ross."

  • willy_may_hudson by willy_may_hudson Jun 8, 2016 9:41 AM Flag

    Forget the summer cooling season, look at the balance sheet and start living in the real world.

  • willy_may_hudson by willy_may_hudson Jun 3, 2016 10:57 AM Flag

    Buy the dips and go long!!! That worthless commie punk community organizer will soon be out of our lives forever. The Fed can't keep the QE affirmative action training wheels on much longer.

  • Reply to

    Is Goldman Sachs Now Being Too Bullish on Oil????

    by bernie02 May 18, 2016 11:46 AM
    willy_may_hudson willy_may_hudson May 18, 2016 4:29 PM Flag

    No matter what happens you will always get your money back with the safe and dependable leader on Wall street JPM. BAC on the other hand has the most book value upside, but has more day to day market volatility. Knowing the near term support and resistance levels on JPM is a nice way to day trade (getting in and out at the end of the day) without sticking your neck out as long as you follow the large market moving reports like a hawk.

  • Reply to

    Is Goldman Sachs Now Being Too Bullish on Oil????

    by bernie02 May 18, 2016 11:46 AM
    willy_may_hudson willy_may_hudson May 18, 2016 2:21 PM Flag

    You can make up your XCO loses if you jump into the undervalued large bank financials due to the likelihood of another 25 point rate hike next month. Oil stocks are getting hit hard today.

  • Reply to

    End is near?

    by cdsvsp May 17, 2016 12:33 PM
    willy_may_hudson willy_may_hudson May 18, 2016 12:28 PM Flag

    "Given that some of the principal shareholders also own economic interests in the second lien term loans, a case can be made that those shareholders' value may be preserved to a significant degree even under a scenario where equity is strongly diluted or even if equity and unsecured debt are fully wiped out. The situation is quite complex, however, as the ownership by principal shareholders in the term loans and equity appears asymmetric. Bluescape's move to establish a significant position in the Exchange Term Loan is particularly worth noting.

    As I wrote earlier, EXCO certainly stands out among other distressed E&P companies due to its principal's shareholders' explicit and implicit support. If not for this support, EXCO would have been forced to seek reorganization already some time ago. That said, at the end of the day, the asset value will dictate the outcome for the public shareholders. In the absence of a strong recovery in commodity prices in the near term, the existing public shareholders remain vulnerable, just as they would be in other similar situations."

    http://seekingalpha.com/article/3975289-exco-resources-board-forms-special-committee-review-strategic-alternatives

  • willy_may_hudson willy_may_hudson May 18, 2016 12:05 PM Flag

    WRONG !!! Any gains or losses from XCO over the years was never more than a few hundred bucks at the most. The stock never ever showed signs of real improvement thus it was never worth risking anything. I was just curious with the nat. gas market in general concerning the historic falling prices, and with XCO, only to see how Wilbur was going to get out of his great big huge mess.

    Hey relax and be happy, you still have time to sweat it. You still have time before NASDAQ sends a noncompliance letter to XCO informing them that its stock has to start closing above $1.00 in the next 176 days before they ship XCO over to the Pink Sheets.

  • willy_may_hudson willy_may_hudson May 18, 2016 11:40 AM Flag

    Jeez, are you still dwelling on this loser?
    Boy, I must have really touched a raw nerve.
    Why go through life suffering needlessly? Do your family a favor and end it all.

  • willy_may_hudson willy_may_hudson May 17, 2016 1:17 PM Flag

    Thank God T. Boone Pickens had enough smarts to bail out this loser at $5.
    It's fun watching you guys slowly circling the toilet.

  • "One probable outcome, as Exco said on Friday, may include getting rid of debt by having debtholders become shareholders, possibly wiping out existing equity owners."

    You only have yourselves to blame.

  • willy_may_hudson willy_may_hudson May 17, 2016 11:38 AM Flag

    lol If that's all it takes why was XCO's chart moving in a downward direction for the last 10 years when oil was in the $90`$100 range?
    Please explain.

    Love
    Willy

  • Sell now if your total XCO market value that you have remaining as of today exceeds the high expense your discount broker will charge you, typically a lousy $7, otherwise go down with the ship and take it like a man.

  • Reply to

    What on earth held it up so long?

    by willy_may_hudson May 13, 2016 3:25 PM
    willy_may_hudson willy_may_hudson May 13, 2016 3:59 PM Flag

    Will XCO still be around Monday morning? Their announcement was already a done deal.

  • willy_may_hudson by willy_may_hudson May 13, 2016 3:25 PM Flag

    "One probable outcome, as Exco said on Friday, may include getting rid of debt by having debtholders become shareholders, possibly wiping out existing equity owners."

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