Energy company Exco Resources Inc. said Monday its board authorized a share repurchase program of up to $200 million. The Dallas company said the share buybacks will be made in the open market, in privately negotiated deals or structured repurchase programs with available cash or using existing debt facilities.
DALLAS----EXCO Resources, Inc. today announced that its Board of Directors has authorized a share repurchase program that enables EXCO to purchase up to $200,000,000 of its common stock.
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EXCO Resources, Inc. (NYSE:XCO) (?EXCO?) today announced that its Board of Directors has authorized a share repurchase program that enables EXCO to purchase up to $200,000,000 of its common stock. 2010 07 19 09:00
EXCO Resources, Inc. (NYSE: XCO) (?EXCO?) today announced that it will be releasing second quarter 2010 results on Tuesday, August 3, 2010, after market close. EXCO will host a conference call on 2010 07 06 17:30
EXCO Resources, Inc. (NYSE:XCO) (?EXCO?) today announced that it closed the purchase jointly with BG Group, plc (LSE: BG.L) (?BG Group?) of properties in Shelby, San Augustine and Nacogdoches 2010 06 30 16:30
EXCO Resources, Inc. (NYSE:XCO) (?EXCO?) today announced an agreement to purchase properties prospective for the Haynesville and Bossier shales from Southwestern Energy Company (NYSE:SWN) (?SWN?) 2010 06 16 16:00
EXCO Resources, Inc. (NYSE:XCO) (?EXCO?) today announced that it closed its Appalachian joint venture (?JV?) with BG Group plc (LSE:BG.L) (?BG Group?). The total purchase price paid by BG Group to 2010 06 01 12:31
EXCO Resources, Inc. (NYSE: XCO) (?EXCO?) today announced that its Board of Directors declared a second quarter cash dividend of $0.03 per share. The dividend is payable on June 15, 2010 to holders 2010 05 21 09:20
EXCO Resources, Inc. (NYSE:XCO) (?EXCO?) today announced that it closed the purchase of Common Resources, L.L.C. jointly with BG Group plc (LSE: BG.L). The total purchase price paid at the closing 2010 05 14 16:47
The federal government’s Energy Information Administration (EIA) reported a lower-than-expected increase in natural gas supplies, reflecting warmer-than-normal temperatures and storm-related production shut-ins resulting from Hurricane Alex.
Stockpiles held in underground storage in the lower 48 states rose by 60 billion cubic feet (Bcf) for the week ended June 25, 2010. The latest build was about 27% lower than the 5-year (2005-2009) average and 18% below the year-ago injection.
Stocks are trading mixed in very slow market action Friday. The table was set for early weakness after the Dow Jones Industrial Average rallied 274 points Thursday and after data showed retail sales unexpectedly falling 1.2 percent in May. What! Economists were looking for an increase of .1 percent. However, a better than expected reading from the UofM Sentiment Index (75.5 vs. 74.5 consensus) helped to offset some of the worry from the poor sales numbers and trading had turned mixed by midday. It’s been slow. With less than an hour left to trade, the Dow...
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund filings.)
Next up is George Soros' hedge fund firm, Soros Fund Management. While he is still slightly involved, the bulk of the portfolio activity you see below comes from his son Robert Soros who runs the flagship Quantum Endowment. For 2009, Soros' Quantum Endowment Fund was up 28% as...
Overall I agree with Mr. Groppe that natural gas is an undervalued commodity at $4 mcf. However, I am going to use some other arguments that correlate with his to drive my point home. Although all of the rig activity seems to be going to the shale plays, I believe there are clearly reasons for why they don’t make up a larger portion of the gas supply. Creative and fast moving Independents have been at the forefront of attempting to retain their leasing through drilling, while at the same time keeping production...
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund filings.)
Next up is Philip Falcone's hedge fund Harbinger Capital Partners. Harbinger is a multi-billion dollar hedge fund firm with a focus on both distressed assets and equity plays. It often takes highly concentrated positions and so it's an easier fund to track. After horrible performance in 2008, Harbinger rebounded in 2009 and finished up 46.5% as noted in...
VeriSign, Inc. (VRSN) – Symantec Corp. agreed to shell out $1.28 billion in cash to purchase VeriSign Inc.’s authentication services unit in a deal reportedly set to close by the end of September. Despite securing a buyer for its unit, which certifies that websites are legitimate and safe for online transactions, VeriSign’s shares are lower by 1.75% to stand at $27.50 as of 11:20 am (ET). VeriSign received an upgrade to ‘buy’ from ‘hold’ at Deutsche Bank today where analysts tout a 12-month target share price...
Markets get clobbered. U.S. stocks experienced heavy losses yesterday, with the major indices all closing down at least 2% (Dow -2%, S&P -2.4%, Nasdaq -3%) in the worst session in three months. The sell-off followed heightened concerns about a possible European debt contagion (more details below). Along with the stock declines, VIX, the volatility index, closed up 18.2% after climbing higher intraday. "This is much more of a macro event in front of us," said one strategist. "It's not like earnings season... We’re now talking...
On March 29, the U.S. Department of Energy's Energy Information Administration [EIA] released its monthly report on U.S. natural gas production. The most interesting item wasn't in the data itself -- the declines we've been patiently waiting for were still missing in action -- but a heads-up on pending revisions to the methodology used in assembling this data. It seems the government figures are not reliable, as some industry players have been suggesting for some time now. Oops.
The EIA said at the time that some revisions would be...
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)
This is the first time we've covered Philip Hempleman's Ardsley Partners so let's get a brief background. Hempleman founded the firm in 1987 and it is a long/short equity focused hedge fund that uses bottom-up stockpicking (the ideal type of fund for tracking purposes). Ardsley runs various funds including their Offshore Fund, Partners...
By Chip Brian Below are the top five companies in the Oil & Gas Exploration & Production industry as measured by lowest relative performance. This analysis was based on yesterday's trading ...
By Chip Brian EXCO Resources (NYSE:XCO) traded in a range yesterday that spanned from a low of $14.43 to a high of $15.14. Yesterday, the shares fell 2.55%, which took the trading range below the ...
By Chip Brian EXCO Resources (NYSE:XCO) is currently trading 22.20% below its April 20th low of $19.58. Investors are looking to see if the shares can regain the April 20th 'Spill in the Gulf ...
NEW YORK (Market Intellisearch) -- XCO options saw interesting call activity today. A total of 175 put and 1,428 call contracts were traded raising a low Put/Call volume alert. Today's traded Put ...
By Chip Brian Analysts, on average, expect EXCO Resources (NYSE:XCO) to report earnings of $0.14 on sales of $152 million on August 03, 2010. For the full year, analysts expect the company to post ...
NEW YORK (Market Intellisearch) -- XCO options saw interesting call activity today. A total of 287 put and 4,457 call contracts were traded raising a low Put/Call volume alert. Today's traded Put ...
NEW YORK (Market Intellisearch) -- XCO options saw interesting call activity today. A total of 30 put and 4,030 call contracts were traded raising a low Put/Call volume alert. Today's traded Put ...
By Chip Brian Shares of EXCO Resources (NYSE:XCO) traded 0.7% higher today, recently trading at $14.70. The stock has been drifting higher over the past ten trading days but is currently trading ...
DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (?EXCO?) today announced that its Board of Directors has authorized a share repurchase program that enables EXCO to purchase up to $200,000 ...
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(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on 
