4 May 2011quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $161.2 million and net income of $21.9 million for the period ended 2011-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Apr 2011material agreement▲ Good
EXCO's lenders raised its credit facility borrowing base from $1.0 billion to $1.5 billion and cut its interest rate by 50 basis points, reflecting an improved balance sheet after the BG Group asset sales.
9 Mar 2011substantial holder notice● Neutral
BlackRock, Inc reported a EXCO RESOURCES INC shareholding of 9,765,176 shares (4.57% of votes) in a periodic institutional filing.
24 Feb 2011quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $72.9 million for the period ended 2010-12-31.
4 Feb 2011substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial EXCO RESOURCES INC shareholding (7.92% of votes).
4 Feb 2011substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 21,000,000 shares (9.90% of votes) in a periodic institutional filing.
4 Feb 2011material agreement● Neutral
TGGT Holdings, EXCO's 50%-owned midstream joint venture with BG Group, put its own $500 million credit facility in place, collateralized by first liens on its pipeline assets and maturing in 2016.
27 Jan 2011substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 20,547,301 shares (9.70% of votes) in a periodic institutional filing.
26 Jan 2011substantial holder notice● Neutral
OCM Principal Opportunities Fund IV Delaware, L.P, OCM Principal Opportunities Fund IV Delaware GP Inc, OCM Principal Opportunities Fund IV, L.P, OCM Principal Opportunities Fund IV GP, L.P, OCM Principal Opportunities Fund IV GP Ltd, OCM Principal Opportunities Fund III, L.P, OCM Principal Opportunities Fund IIIA, L.P, OCM Principal Opportunities Fund III GP, L.P, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, OCM EXCO Holdings, LLC, Oaktree Holdings, Inc, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings, L.P, Oaktree Capital Group Holdings GP, LLC reported a EXCO RESOURCES INC shareholding of 34,850,196 shares (16.40% of votes) in a periodic institutional filing.
25 Jan 2011substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 18,012,301 shares (8.50% of votes) in a periodic institutional filing.
25 Jan 2011substantial holder notice● Neutral
Ares Corporate Opportunities Fund, L.P, ACOF EXCO, L.P, ACOF EXCO, ACOF Management, L.P, ACOF Operating Manager, L.P, Ares Corporate Opportunities Fund II, L.P, Ares EXCO, L.P, Ares EXCO, ACOF Management II, L.P, ACOF Operating Manager II, L.P, Ares Management LLC, Ares Partners Management Company LLC reported a EXCO RESOURCES INC shareholding of 12,951,537 shares (6.10% of votes) in a periodic institutional filing.
24 Jan 2011quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $72.9 million for the period ended 2010-12-31.
13 Jan 2011substantial holder notice● Neutral
Douglas H. Miller reported a EXCO RESOURCES INC shareholding of 6,669,739 shares (3.10% of votes) in a periodic institutional filing.
21 Dec 2010asset acquisition disposition▲ GoodMajor
EXCO bought Marcellus shale properties in Pennsylvania (15 producing wells, 11 more awaiting completion, over 50,000 net acres) from Chief Oil & Gas and partners for about $459.4 million, within the area of mutual interest it shares with joint-venture partner BG Group.
10 Dec 2010substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC disclosed a new substantial EXCO RESOURCES INC shareholding (7.50% of votes).
12 Nov 2010material agreement● NeutralMajor
EXCO's board signed indemnification agreements with two directors serving on a special committee formed to evaluate Chairman and CEO Douglas Miller's proposal to buy out all shares of EXCO he didn't already own - the company's first going-private bid.
3 Nov 2010quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $131.0 million and net income of $64.9 million for the period ended 2010-09-30.
3 Nov 2010substantial holder notice● Neutral
Douglas H. Miller disclosed a new substantial EXCO RESOURCES INC shareholding (3.10% of votes).
3 Nov 2010quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $131.0 million and net income of $64.9 million for the period ended 2010-09-30.
2 Nov 2010substantial holder notice● Neutral
OCM Principal Opportunities Fund IV Delaware, L.P, OCM Principal Opportunities Fund IV Delaware GP Inc, OCM Principal Opportunities Fund IV, L.P, OCM Principal Opportunities Fund IV GP, L.P, OCM Principal Opportunities Fund IV GP Ltd, OCM Principal Opportunities Fund III, L.P, OCM Principal Opportunities Fund IIIA, L.P, OCM Principal Opportunities Fund III GP, L.P, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, OCM EXCO Holdings, LLC, Oaktree Holdings, Inc, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings, L.P, Oaktree Capital Group Holdings GP, LLC reported a EXCO RESOURCES INC shareholding of 34,832,696 shares (16.40% of votes) in a periodic institutional filing.
2 Nov 2010substantial holder notice● Neutral
Ares Corporate Opportunities Fund, L.P, ACOF EXCO, L.P, ACOF EXCO, ACOF Management, L.P, ACOF Operating Manager, L.P, Ares Corporate Opportunities Fund II, L.P, Ares EXCO, L.P, Ares EXCO, ACOF Management II, L.P, ACOF Operating Manager II, L.P, Ares Management LLC, Ares Partners Management Company LLC reported a EXCO RESOURCES INC shareholding of 12,946,537 shares (6.09% of votes) in a periodic institutional filing.
15 Sept 2010debt financing▲ GoodMajor
EXCO raised $750 million in new 7.5% senior notes due 2018 and used the proceeds to redeem all $444.7 million of its outstanding 2011 notes, pushing out its nearest bond maturity.
13 Sept 2010securities registration● Neutral
EXCO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
10 Sept 2010securities registration● Neutral
EXCO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
7 Sept 2010securities registration● Neutral
EXCO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
4 Aug 2010quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $118.3 million and net income of $564.3 million for the period ended 2010-06-30.
4 Aug 2010quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $118.3 million and net income of $564.3 million for the period ended 2010-06-30.
22 July 2010material agreement▲ Good
EXCO disclosed the terms of its new April 2010 credit agreement, including dividend/distribution restrictions, and separately announced a new share repurchase program - a sign of improved balance-sheet confidence after the BG Group asset sales.
17 June 2010material agreement▲ GoodMajor
EXCO agreed to buy Haynesville/Bossier shale acreage in Texas from Southwestern Energy for $355 million, reinvesting cash from the BG Group deals into deepening its core Haynesville position (BG has a right to participate under the existing JV).
7 June 2010asset acquisition disposition▲ GoodMajor
EXCO closed the Marcellus joint venture with BG Group, transferring the agreed Pennsylvania/West Virginia interests for $835.2 million cash and forming a new joint development agreement to run the properties together.