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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (192024)	8/6/2015 6:36:37 PM
From: E_K_S	1 Recommendation Recommended By CommanderCricket Respond to of 206085

EXCO Resources: A Special Situation With Multiple Catalysts From the comments section of the article: The Bluescape deal is contingent on shareholder approval of multiple proposals at the annual meeting, which was recessed yesterday and won't resume until Friday 8/7 at 4pm (after market closing). Do you have any indication as to why they took the recess? The press release says it was to "provide shareholders additional time to consider the proposals and to ensure the tabulation accuracy associated with the electronic voting process used by EXCO’s tabulator." I am not sure if there is anything to read into that statement beyond what it says at face value. ---------------------------------- It's a great investment story that will be played out in the next 24 hours. EKS

To: E_K_S who wrote (192024)	8/6/2015 8:05:39 PM
From: 30 Years Plus	Respond to of 206085

"It will be interesting to see how the recapitalization is done as it may be how some of the other asset rich but heavy debt burdened E&P's play their final 'Exit' card." You are absolutely spot on with that comment. Best of luck on your trade.

To: E_K_S who wrote (192024)	8/7/2015 12:07:22 PM
From: Kirk ©	Respond to of 206085

Good stuff! The surge shows how the industry’s two-pronged strategy for staying financially healthy since oil prices started tanking -- raising capital while tightening belts -- may not be enough, particularly for companies with a lot of outstanding debt. Bank regulators are getting nervous about the industry’s exposure to drillers, creating another incentive to sell assets. One of the best ways I was legally swindled by an insider was when the insider lent a lot of money to the small stock then decided to stop making loans or buying new shares so the company went into bankruptcy and the insider got all the assets via the loans. I've learned to be cautious of any company with a lot of debt... especially if its income can vanish with low commodity prices.... be it semiconductor or energy.