I guess It would make sense for Wilbur and others to throw huge additional amounts of money at this endless rat hole and try to prop it up somehow, but you still have oil on it's way to $40 and maybe lower for a couple of years and a stronger dollar working against you. With Nat. Gas stuck at this $2.80 range and with still no light at the end of the tunnel I don't see anyway out of this mess. Why would banks want to go near this thing? Not until more driller like XCO go BK will the problem start to correct itself.
Something has those shorts spooked. Classic bottom sign when the rest of the market is absolutely freaked out. Buy the dips.
Sentiment: Strong Buy
What was the final straw for you, was it that impressive June balance sheet where the total liabilities are greater than the assets?
If XCO can't cut it while interests rates were practically at zero for years, what's it going to be like when the Feb starts hiking rates in September?
They apply "value investor" to his name and the public automatically assumes that there must be deep hidden value there and it's going to be safe. Meanwhile T Boone was telling the whole world that nat. gas was going to replace diesel fuel. We all believed in it. It sounded great.
That's exactly right. Bingo you got it! Back is those days nat, gas was around $6 and making good money. The Wilbur chased after that Douglas buyout big time at $20. Basically end of story.
Regardless of the size of their investments billionaires like Ross and the others can afford to take major hits without it effecting their lavish life styles one single bit. People make a mistake thinking these whales are going to somehow magically come their rescue. XCO is just a drop in the bucket to them and a nice tax write off.
All except those who were keeping their eyes on the Marcellus production numbers and the weekly gas storage numbers. You fool!!!!
So what's the deal here? Did you read the fine print, is Wilder obligated to purchase more shares of XCO regardless of the price or does he have an escape clause?
Looking at XCO any further was just too depressing knowing you guys were doomed.
For now on any purchasing of shares in the energy sector will have to be in Exxon Mobil or else go to financials or safe healthcare stocks. The dollar is just now getting started in it's move much higher and it doesn't bode well for commodities.
No, I wish I had. I knew XCO was a train wreck in the making, but I never thought our punk community organizer would turn out to be the world's leading financial sponsor of global terrorism and thereby adding millions of barrels of oil to an already bloated market.
I was right here, but noooo you guys wouldn't listen to reason.
Are you guys eating alright? Is your stomach all tied in knots? Are you getting enough sleep?? Do you wake up in the middle of the night worrying about your lost retirement funds????
lol Go ahead jump all in and ruin your families nest egg. You really deserve ruin. The market needs more idiots, that's why the market refer to guys like you as the dumb money.
Sentiment: Strong Sell
He though Greece would get the EU bailout and he could ride the coattails off the German taxpayers just like what happen in the US with the Wall street bank bailout but he didn't realize just how lazy and worthless the Greek people really are.
Why should I hate Wilbur? I like his style. He made me a pile of cash with International Coal. If Wilbur had some secret plan to swoop in and steal XCO for under the long suffering shareholders legs why does he need to pay Wilder up to $500 million with his desperate hail Mary pass?
Wilbur is a major loser lately. It does not bode well for XCO at all!!!!
"Mr. Ross, who built his career investing in distressed assets, is the ringleader of a group of investors who last year pumped 1.3 billion euros, or about $1.47 billion, into Eurobank Ergasias, the third-largest bank in Greece.
On paper, Mr. Ross and the other investors have already lost hundreds of millions of euros. Eurobank shares have fallen by more than half since April 2014, when Mr. Ross and a group he leads bought a stake of a little more than 20 percent. The shares recently traded around 13 euro cents. Before the crisis began in 2010, Eurobank shares traded as high as #$%$60.
The other investors allied with Mr. Ross include Fairfax Financial Holdings in Toronto, whose founder and chief executive, Prem Watsa, is known as the Warren E. Buffett of Canada. The private equity firm Mr. Ross oversees, WL Ross & Company, invested #$%$37.5 million of its own money."
I rather think it would have helped the board had they listened to me after XCO broke Wilbur's $5 floor or if they took the weekly EIA storage reports seriously and watched the production flows coming out of the Marcellus. Oh well.
It's a bummer I'm sure. The only thing I can suggest is that you just start drinking heavily now, take XCO off your screen and go on a long 4th of July bender. Never ever take lightly the dangers of high debt on a stock balance sheet.
Yes, that's pretty much it. The problem is people thought Wilbur would naturally step in and simply act in his own best interest and do something drastically about the falling stock price of his largest investment, but when your that old and rich and you already have everything in life that you could possibly ever want and at very same time being up to his eyeballs other large investments you end up getting lazy with XCO and leave it up for the hired help to make that problem go away. XCO is in Wilbur's selling groups junk drawer and it's just one of those bad investments they have because they really didn't stay on top of the vast gas oversupply of gas due to the over successful fracking boom. But as long as Wilbur continues to be a TV guest on CNBC he's happy.
This is how Wilbur's selling group finally takes control for what ever it's worth. He has all the risk. It's all or nothing time for him, nobody else is going to step in while Wilbur controls the lion's share of votes. The sooner XCO is taken private or delisted the better for the investing public. XCO is like an abandoned open sewer that's missing it's manhole cover. It's too dangerous to walk anywhere near this miserable rat hole.
Sentiment: Strong Sell