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

To: E_K_S who wrote (47224)	3/29/2012 1:35:54 PM
From: E_K_S	Read Replies (1) \| Respond to of 78508

EXCO Resources, Inc. EXCO Resou (XCO) -NYSE Stock selling near it's all time low. The one hidden value that keeps me in this trade is their 50% interest in TGGT LLC a Midstream NG gathering operation. Based on this article, it appears that their 50% ownership interest could be worth $2.80/share. UPDATE 1-Exco may shed one-third TGGT stake Fri Feb 3, 2012 9:33am EST reuters.com From the article:"...Exco Resources Inc said it is looking to shed a one-third equity interest in TGGT Holding LLC -- a 50:50 joint venture between the oil and gas producer and BG Group Plc -- for about $400 million. The Dallas-based company said it has entered into an agreement granting a forty-five day exclusivity period to an unaffiliated private infrastructure fund to negotiate the sale...." -------------------------------------------------------------------- Stock could be off as the 45 day exclusive offer has past. For me, the value still remains. Welcome to TGGT Midstream: A BG Group-EXCO Alliance tggtholdings.com EKS