May 13 (Reuters) - Oil and gas producer Exco Resources Inc said on Friday it formed a special committee to evaluate strategic alternatives, including in-court or out-of-court restructuring. Exco joins
May 13 (Reuters) - Oil and gas producer Exco Resources Inc said on Friday it formed a special committee to evaluate strategic alternatives, including in-cour...
Prices have bounced back from lows, but the futures market shows investors do not expect U.S. benchmark crude to rise above $50 for more than a year.
Trade-Ideas LLC identified EXCO Resources (XCO) as a weak on high relative volume candidate. EXCO Resources Inc(XCO)
Shares of EXCO Resources Inc. (NYSE:XCO) are experiencing unusual volume during today's trading. While the stock price moved along with the volume
Exco Resources (XCO) says it formed a special committee to evaluate strategic alternatives, including in-court or out-of-court restructuring. XCO says it a
With most of earnings season over and the Fed committed to low interest rates for longer, volatility on Wall Street is almost non-existent. The S&...
HOUSTON - The wave of U.S. oil and gas bankruptcies surged past 60 this week, an ominous sign that the recovery of crude prices to near $50 a barrel is too little, too late for small companies that are running out of money. On Friday, Exco Resources Inc, a Dallas-based company with a star-studded board, said it will evaluate alternatives, including a restructuring in or out of court. Its shares fell 35 percent to 62 cents each. Exco's notice capped off one of the heaviest weeks of bankruptcy filings since crude prices nosedived from more than $100 a barrel in mid-2014.
A bleak outlook from Exco Resources means more losses for big investors who tried to bolster the ailing oil-and-gas producer last year with a new, high-profile chairman.