Past year: ▼ 52%(1.90c – 23.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 May 2010material agreement▲ GoodMajor
EXCO agreed to bring BG Group into its Pennsylvania/West Virginia Marcellus shale position too: BG will take 100% of two subsidiaries and 50% of EXCO's operating and midstream entities there, extending the BG partnership from Haynesville into a second shale play.
6 May 2010debt financing● NeutralMajor
EXCO consolidated its separate EXCO and EXCO Operating credit agreements (both dating to 2007) into a single combined credit agreement with a bank group led by JPMorgan, Wells Fargo, Bank of America, BNP Paribas and RBC.
5 May 2010quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $115.6 million for the period ended 2010-03-31.
5 May 2010quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $115.6 million for the period ended 2010-03-31.
16 Apr 2010securities registration● Neutral
EXCO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
14 Jan 2010listing compliance notice▲ GoodMajor
the New York Stock Exchange certified EXCO RESOURCES INC's securities for listing, clearing them to begin trading.
25 Nov 2009asset acquisition disposition▲ GoodMajor
EXCO closed the sale of its Ohio/Northwest Pennsylvania producing gas properties to EnerVest for $131.2 million, completing its exit from the shallow Appalachian assets bought from EOG Resources less than two years earlier.
16 Nov 2009asset acquisition disposition▲ GoodMajor
EXCO closed the sale of all of its remaining Mid-Continent oil and gas assets for $530.2 million, to Sheridan Holding rather than Encore (which had agreed to buy a smaller Midcontinent package back in June) - proceeds went to pay down its revolving credit facility.
4 Nov 2009quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $130.9 million and net income of $433.3 million for the period ended 2009-09-30.
4 Nov 2009quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $130.9 million and net income of $433.3 million for the period ended 2009-09-30.
5 Oct 2009material agreement● NeutralMajor
EXCO agreed to sell its remaining Ohio/Northwest Pennsylvania Appalachian gas properties to EnerVest and, separately, its Mid-Continent properties under a new purchase agreement, continuing the post-2008 divestiture program to strengthen its balance sheet.
17 Aug 2009asset acquisition disposition▲ GoodMajor
EXCO closed the BG Group Haynesville joint venture: BG paid $727 million (up from the $655 million first announced) for a 50% stake in EXCO's core East Texas/North Louisiana assets, and the two also closed the TGGT midstream joint venture the same day.
11 Aug 2009material agreement▲ GoodMajor
EXCO and BG Group agreed to form TGGT Holdings, a jointly-owned midstream gathering company for their East Texas/North Louisiana JV, the pipeline counterpart to the $655 million upstream interest BG agreed to buy in June.
6 Aug 2009quarterly activities report▼ Bad
EXCO RESOURCES INC reported quarterly revenue of $159.2 million and a net loss of $72.0 million for the period ended 2009-06-30.
5 Aug 2009quarterly activities report▼ Bad
EXCO RESOURCES INC reported quarterly revenue of $159.2 million and a net loss of $72.0 million for the period ended 2009-06-30.
6 July 2009material agreement▲ GoodMajor
EXCO agreed to sell BG Group's US unit a 50% stake in its core East Texas/North Louisiana (Haynesville Shale) acreage for about $655 million, bringing in a deep-pocketed partner to help fund Haynesville development during the downturn.
29 June 2009material agreement▼ BadMajor
EXCO agreed to sell its East Texas (Overton/Gladewater) properties for $165 million and its Midcontinent properties for $210 million, both to Encore Operating, as it retrenched to core areas after the 2008 acquisition spree and gas-price collapse.
20 Apr 2009material agreement▼ Bad
EXCO's semi-annual borrowing-base review kept its combined credit facilities at $2.475 billion, but lenders raised the interest rate spread by 75 basis points, making that borrowing more expensive.
13 Feb 2009substantial holder notice● Neutral
Greenhill & Co., Inc, Greenhill Capital Partners, LLC, GCP Managing Partner II, L.P, GCP Managing Partner, L.P, GCP, L.P, GCP, Robert F. Greenhill, Scott L. Bok, Robert H. Niehaus, Greenhill Capital Partners II, L.P, Greenhill Capital Partners, L.P, GCP Cayman, Ltd, Greenhill Capital, L.P reported a EXCO RESOURCES INC shareholding of 6,291,847 shares (2.90% of votes) in a periodic institutional filing.
13 Feb 2009substantial holder notice● Neutral
Abrams Capital Partners II, L.P. Abrams Capital, LLC Pamet Capital Management, L reported no remaining EXCO RESOURCES INC shareholding in its periodic institutional filing.
5 Feb 2009material agreement▼ Bad
EXCO's credit agreement was amended to progressively tighten its maximum leverage ratio from 4.00x down to 3.50x by mid-2010, a lender-driven guardrail as gas prices fell.
26 Jan 2009substantial holder notice● Neutral
Farallon Capital Partners, L.P, Farallon Capital Institutional Partners, L.P, Farallon Capital Institutional Partners II, L.P, Farallon Capital Institutional Partners III, L.P, Tinicum Partners, L.P, Farallon Capital Offshore Investors II, L.P, Farallon Capital Management, L.L.C, Farallon Partners, L.L.C, William F. Duhamel, Richard B. Fried, Monica R. Landry, Douglas M. MacMahon, William F. Mellin, Stephen L. Millham, Jason E. Moment, Ashish H. Pant, Rajiv A. Patel, Derek C. Schrier [See Item, Andrew J. M. Spokes, Thomas F. Steyer, Mark C. Wehrly reported no remaining EXCO RESOURCES INC shareholding in its periodic institutional filing.
6 Jan 2009substantial holder notice● Neutral
Third Point LLC, Daniel S. Loeb, Third Point Offshore Fund, Ltd. reported a EXCO RESOURCES INC shareholding of 7,191,475 shares (3.40% of votes) in a periodic institutional filing.
8 Dec 2008debt financing▲ GoodMajor
EXCO refinanced its July 2008 $300 million term loan with a new $300 million unsecured term loan from JPMorgan, keeping financing in place through the 2008 credit crisis.
5 Dec 2008material agreement● Neutral
EXCO's lenders agreed to exclude up to $300 million of new debt from its current-liabilities calculation through 2009, clearing the way for it to refinance the $300 million term loan taken out that July.
25 July 2008substantial holder notice● Neutral
Thomas Boone Pickens, Jr reported a EXCO RESOURCES INC shareholding of 10,656,600 shares (5.10% of votes) in a periodic institutional filing.
24 July 2008substantial holder notice● Neutral
Douglas H. Miller reported a EXCO RESOURCES INC shareholding of 5,892,518 shares (2.80% of votes) in a periodic institutional filing.
22 July 2008substantial 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 34,816,446 shares (16.50% of votes) in a periodic institutional filing.
22 July 2008securities registration● Neutral
EXCO RESOURCES INC filed the final prospectus for a registered offering.
16 July 2008capital raising announcement▲ GoodMajor
EXCO converted all of its preferred stock (Series A-1, B, C and Hybrid) into common shares, ending the cumulative-dividend obligation Oaktree and Ares held it to, and closed a separate $252 million East Texas acquisition funded by a new $300 million JPMorgan term loan.
