14 Oct 2015securities registration● Neutral
EXCO RESOURCES INC filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Sept 2015securities registration● Neutral
EXCO RESOURCES INC registered a securities offering with the SEC using its shelf eligibility.
11 Sept 2015securities registration● Neutral
EXCO RESOURCES INC filed notice of an exempt private placement.
3 Aug 2015listing compliance notice▼ BadMajor
EXCO received a notice from the NYSE that its share price had fallen out of compliance with listing standards, and said it was considering a reverse stock split to fix it - its first listing warning as the price downturn deepened.
28 July 2015debt financing▼ BadMajor
EXCO's lenders cut its credit facility borrowing base again, from $725 million to $600 million, as low oil and gas prices kept eroding the value backing the loan.
27 July 2015quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $454.2 million for the period ended 2015-06-30.
27 July 2015quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $454.2 million for the period ended 2015-06-30.
16 July 2015securities registration● Neutral
EXCO RESOURCES INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
16 July 2015securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
1 June 2015material agreement● Neutral
EXCO and ESAS signed a minor clerical amendment to their March 2015 Services and Investment Agreement, correcting an error rather than changing its substance.
29 Apr 2015quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $318.1 million for the period ended 2015-03-31.
29 Apr 2015quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $318.1 million for the period ended 2015-03-31.
27 Apr 2015material agreement▼ BadMajor
EXCO signed a Services and Investment Agreement with turnaround advisor Energy Strategic Advisory Services (ESAS): ESAS committed to invest at least $50 million in EXCO stock (starting with shares at $1.70 apiece) and received warrants for 80 million shares as compensation - a sign of how serious the company's distress had become, and a major potential source of future dilution.
21 Apr 2015securities registration● Neutral
EXCO RESOURCES INC registered a securities offering with the SEC using its shelf eligibility.
14 Apr 2015securities registration● Neutral
EXCO RESOURCES INC filed notice of an exempt private placement.
25 Feb 2015quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $81.4 million for the period ended 2014-12-31.
25 Feb 2015securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
12 Feb 2015debt financing▼ BadMajor
EXCO's lenders cut its credit facility borrowing base sharply, from $900 million to $725 million, as the late-2014 oil and gas price crash hit the value of its reserves.
6 Nov 2014asset acquisition disposition▲ GoodMajor
EXCO closed the sale of its remaining Compass Production Partners stake to HGI for $118.75 million, completing its exit from the 2013 Harbinger Group joint venture.
29 Oct 2014quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $41.6 million for the period ended 2014-09-30.
28 Oct 2014quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $41.6 million for the period ended 2014-09-30.
27 Oct 2014debt financing● Neutral
EXCO's semi-annual credit facility review nudged its borrowing base up slightly, from $875 million to $900 million.
10 Oct 2014material agreement▲ GoodMajor
EXCO agreed to sell HGI its remaining 25.5% stake in their 2013 joint venture (now Compass Production Partners) for $118.75 million, exiting the partnership entirely and using the cash to pay down its credit facility.
30 July 2014quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $2.3 million for the period ended 2014-06-30.
29 July 2014quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $2.3 million for the period ended 2014-06-30.
18 July 2014debt financing▲ Good
EXCO's credit agreement was amended to raise the cap on common-stock dividends it's allowed to pay from $50 million to $75 million, alongside other covenant tweaks.
30 Apr 2014quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $4.6 million for the period ended 2014-03-31.
30 Apr 2014quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $4.6 million for the period ended 2014-03-31.
16 Apr 2014debt financing▼ BadMajor
EXCO raised $500 million in new senior notes due 2022 at 8.5% interest - a full point above the 7.5% rate on its 2010 bonds, reflecting a higher cost of capital as its credit quality slipped.
15 Apr 2014securities registration● Neutral
EXCO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.