The Longer The Base, The Higher Into Space It Goes

Exco Resources (XCO) is an independent oil and natural gas company with various interests in east Texas, north Louisiana, Appalachia, and the Permian Basin in west Texas.

Exco has an interesting history. Back in November 2010 the chief executive of the company Doug Miller offered to buy the company for about $4.35 billion dollars ($20.50 a share). For some reason or another the deal did not go through and the stock started to tank right alongside natural gas in the summer of 2011. It continue its serial decline until finding a bottom at around the $6 dollar level (April 2012).

Read the rest of the story at TraderPlanet.


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