Taking the most the last 16 analysts calls since Feb. 26 to April 22 has an average price target of $41.81. WLL is once again about to cross over the 50 day sma.
CEO says WLL profitable at $50 oil and can grow at current WTI price levels.
Remember, at the time of the secondary the market was in fear and panic that WTI would go to $20 per bbl.
EBITDA will be above 62% for all of 2015 even with oil at these levels.
After the secondary and the fact that they are still going to sell up a $1 billion of unneeded assets still gets them in a very good position with their balance sheet to still be purchased by XOM or CLR or a PE firm like Apollo or KKR if oil stabilizes.
This could be Wilbur's big chance to fall into stronger hands and survive. Besides BG XCO also has what Shell wants, so it's Wilder's job to arrange a deal, tying his assets along with XCO's and hopefully get taken out with some sort of quick minor stock swap that wouldn't even be noticed in the financial media. The Marcellus assets sitting in fallow could come to life and be the catalysis for a sale.
After the secondary management knows their future is in the hands of the whales like Paulson and it better to just let them have their way or risk get crushed and tossed.
Wilder pays $50 million to join the club and sit at the big boys table for a chance to make a half billion in 6 years. I could do it.
If I were you I'd look very closely at all the forthcoming financial statements from here on out. They have to get infrastructure/ gathering lines into the Marcellus and make it presentable to sell or drill. That's were the profitable action is, not in the Haynesville.
Good for point, it let's you guys live. I'm willing to bet a lot of people are here simply because of the value whales that are marooned here.
Is there a floor at $1.70 or is it simply because of the timing of Wilder's appointment ???
Does the $1.70 fully take into that account nat. gas is currently around $2.50 and that 2015 eps estimates are at -.30 and -.24 for full 2016 ??? Or is the current price based on what the shorts are currently doing and has absolutely nothing to do with the fundamentals? XCO doesn't belong at these heights yet.
Wilder has to first figure out how to monetize the Marcellus asset. Wilder will simply act in his own best interest with his oil & gas assets and tag XCO along with what ever deal he can muster. It's a buyers market out there. Would Shell want BG's old JV remnants? Wilbur would gladly go along for a stock swap at any price.
Why is Wilbur Ross, Prem Watsa and Howard Marks willing to dilute themselves $1/2 billion to pay John Wilder? I thought these guys were the worlds greatest value investors. Are they just too lazy to fix it themselves living down in Palm Beach??? Maybe Wilbur should fire the guy who told him to buy millions of shares of XCO at $5 and get a real stock analyst.
I was wrong, refiners will start using up a lot of the excess oil in storage this spring. Builds are lower than expected. Stay long in WLL.
Check out the API crude oil inventory report. The build was smaller than expected. WTI futures are up again after report.
It's obvious you don't care and have nothing to contribute to the board because you are a dead end loser with no hope of ever recouping your loses. You have no real skin in the game anymore so just sit and shut up and let the grown ups talk.
By linking John Wilder assets with XCO's assets, Wilbur is going to use Wilder and his deal making skills to sell XCO together with his assets for the best possible price. Hal Hinckley or whatever his name is is in no position to negotiate on XCO's behalf. The market is suggesting the conversion price is here near the $2 price. Wilbur buys out the owner of the shorts and this wreck moves into stronger hands overnight and Wilbur is saved to live another day.
Sure it helps. It's a God send for you guys. I've been waiting for Wilbur's solution to get out of this jam. I just want to know the conversion price first. The BG deal has to be resolved. I bet Wilbur takes XCO and folds itself into BG and gets a life line.
It's really no wonder why you are helplessly stuck here. XCO is about to be diluted in the future with the possibility with another 255 million new shares out of out of 272 million outstanding and that's you have to say???? Jeez, what a bunch of hayseed losers!!!!!
But I guess you didn't get around to reading the part about selling XCO years ago, did you???
Not having kept up on TPLM at all I guess having your own drilling and service companies and financial backing allows them to just keep on going punching out wells regardless.
I purchased another 1 k @ $5.77 in AH. I think TPLM has held up remarkably well since the drop last Oct.
Triangle Petroleum (NYSEMKT:TPLM): FQ4 EPS of $0.06 beats by $0.01.
Revenue of $156.99M (+83.6% Y/Y) beats by $3.41M.
Shares +1.7% AH.
Sentiment: Strong Buy
Does anyone know the price they are receiving lately?
There is still too much Brent being imported into the US. EIA inventory report on Wednesday will remain bearish. Jump back in WLL at $32.