Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (39869)	11/1/2010 1:22:38 PM
From: E_K_S	Respond to of 78774

EXCO Resources, Inc. Exco Resou(NYSE: XCO) Even with the buy out offer, stock is said to be valued at $29.00/share. Exco CEO Proposes $4.36 Billion Buyout of Company noir.bloomberg.com From the article:"...“It’s probably a good time to do this,” said Deacon, who rates the shares a buy, owns none, and estimates they’re worth $29 based on the value of Exco’s assets. Gas producers in North America need $5.60 fuel prices to get an economic return and the stock market isn’t “willing to look that far forward,” he said. ..." ==================================================================== Sold 30% of my XCO shares and increased my GMXR position by 25%. If NG prices eventually move higher to $5.60 then GMXR should run much higher than XCO. EKS

To: E_K_S who wrote (39869)	11/1/2010 7:55:19 PM
From: Mattyice	Read Replies (1) \| Respond to of 78774

Congrats EKS, I heard the news at about 7am this morning and thought of you, and if a blackberry could operate the damn internet i would have sent congrats sooner I am actually over in the Haynesville shale these past two weeks for meetings. XCO is building out there assets exponentially and it is truly remarkable, not only that but the execution seems to be better than other operators in the area including the company i trade for... very interesting miller trying to offer a 30% premium, my gut reaction is this is worth more and he is trying to basically get a steal. After your post i wanted to buy but only around the $10 range... what was i thinking i dont know... I am curious why you are selling off your stake? Is $20 your price target? My only concern if you do decide to stay in is the rates of decline of the cotton valley low co2 wells are far greater than what we thought and is the cost benefit of the continuation of building out there gathering lines, amine facilities etc going to pay off while also considering the competition in the area.... but giving it the eyeball test they seem to be producing at a very good economies of scale. Congrats on a very good value play that i am kicking myself for sitting on my hands