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XCO - Sector: Basic Materials --- Industry: Independent Oil & Gas

Started by setravis, May 31, 2008, 11:42:44 AM

Previous topic - Next topic

setravis

Profile:  

 
EXCO Resources Inc.
12377 Merit Drive
Suite 1700
Dallas, TX 75251
United States - Map
Phone: 214-368-2084
Fax: 214-368-2087
Web Site: http://www.excoresources.com

DETAILS  
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 689


BUSINESS SUMMARY  
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploitation of onshore oil and natural gas properties in North America. Its operations are focused on oil and natural gas areas in East Texas/North Louisiana, Appalachia, Mid-Continent, and Permian. As of December 31, 2007, the company's proved reserves were approximately 1.9 trillion cubic feet equivalent. It also operated 9,273 gross wells. EXCO Resources was founded in 1955 and is headquartered in Dallas, Texas.


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

A nice bounce off the 50-day MA...  ;) Indicators looking great.
Great potential and numbers.
Higher highs, higher lows and the up trending line providing support
Gotta like oil and gas exploration long term.


52wk Range: 13.61 - 26.98
Volume: 2,271,875
Avg Vol (3m): 1,358,680

Technicals
Close Above the 13-day MA
Percentage Gainer

Last Price Quote is:
4.98%above 13-day MA
12.36%above 50-day MA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $2,414.36 
P/E Ratio: 146.92 
PEG Ratio: N/A 
Next Earnings: 08/11/2008
Last Analyst Rating: Buy




"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

AP
Energy Sector Roundup: Oil heading higher
Friday May 16, 3:27 pm ET 
Goldman sees oil at $141 this year as crude tops $127, Saudis will not raise production


NEW YORK (AP) -- Following is a summary of top stories in the energy sector Friday afternoon.
Crude Continues to Climb

Oil rose again, as traders kept buying on the belief that prices will just keep setting new records.



Light, sweet crude for June delivery gained $2.17 to settle at $126.29 on the New York Mercantile Exchange. Crude shot up to $127.82 a barrel, a new record, earlier in the session.

The market showed little reaction to the Energy Department's announcement that it will cancel shipments into the Strategic Petroleum Reserve for six months beginning July 1.

Motorists are now paying more than ever for gasoline with the national average for a gallon of regular at nearly $3.79, according to AAA and the Oil Price Information Service.

Diesel prices also have risen to record levels, meaning that even Americans who don't drive will likely pay more for all sorts of goods because of higher shipping costs. A gallon of diesel now sells for $4.482.

In Nymex trading, gasoline futures jumped to a record $3.2438 a gallon before settling at $3.2235, up 5.77 cents. Heating oil futures rose 8.04 cents to settle at $3.7028 a gallon. Natural-gas futures fell 30.5 cents to settle at $11.094 per 1,000 cubic feet.

Goldman Raises Oil Price Forecast

Goldman Sachs commodities analysts raised their forecast for the average price of West Texas crude in the second half of 2008 by $34 to $141 a barrel.

"The current oil market is experiencing a structural repricing much like it did in 2004-2005. After remaining stable for more than two years, the longdated oil price (five-year forward) is once again driving the oil market," Goldman said.

"As the rise in long-dated prices drags spot prices to ever higher levels, speculators, a weakening U.S. dollar, and 'risk premiums' of all kinds have once again been looked to in order to explain a market that seemingly defies fundamentals."

Goldman says it will take some time for the oil market to reach supply and demand equilibrium, but oil prices cannot rise forever. "Eventually a price will be reached which incentivizes significant conservation, new technologies and political solutions which will eventually cap the price rises and allow large scale investment. However, until that point is reached, the risks remain skewed to the upside."

Saudis Keep Firm Hold on Oil Production

On his second visit to Saudi Arabia this year, Saudi leaders told President Bush they see no reason to increase oil production until customers demand it.

Saudi oil minister Ali al-Naimi said the kingdom decided on Saturday to raise production by 300,000 barrels, at the request of customers, and that increase was sufficient.

According to the Organization of Petroleum Exporting Countries, Saudi Arabia produces about 9 million barrels of oil a day, and is the largest oil producer in the world.

Saudis and ConocoPhillips Press on With Refinery Deal

Saudi Arabian Oil Co., or Saudi Aramco, and ConocoPhillips approved continued funding for development of a refinery in Yanbu, Saudi Arabia, on the Red Sea.

The project will create a 400,000 barrel-per-day refinery to process Arabian heavy crude. Startup is set for 2013. Both companies will be responsible for marketing one-half of the refinery's production.

Initial evaluation and front-end engineering and design is done. The next phase of the project includes bid solicitation and site preparation work.

ConocoPhillips and Saudi Aramco plan a joint venture company to own and operate the refinery.

Exco Boosts Its Capital Budget

Oil and natural-gas producer Exco Resources Inc.'s board approved a $123 million increase in its 2008 capital budget, to $923 million.

The increase includes $90 million for the more drilling in the company's Haynesville Shale position in Louisiana, $30 million for additional drilling in its Vernon Field in Louisiana, $2 million for additional Cotton Valley drilling in Texas and $1 million for information-technology initiatives, Exco said.

More U.S. and Canadian Rigs Working

The number of rigs actively exploring for oil and natural gas this week in the U.S. rose by 16 from last week.

Of the rigs 1,862 rigs running, 1,471 were exploring for natural gas, 381 for oil and 10 were listed as miscellaneous, according to Houston-based Baker Hughes Inc., which tracks rig operations worldwide.

A year ago, the rig count stood at 1,744.

Of the total, 69 rigs operate offshore -- mostly in the Gulf of Mexico. That is unchanged from last week, down six from a year ago.

In Canada, 132 rigs are running, up 10 from last week and down 11 from a year ago.

--Compiled by AP Business Writer Greg Stec. Questions or comments can be directed to [email protected].




"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Updated chart look.......

52wk Range: 13.61 - 26.98
Volume: 2,976,928
Avg Vol (3m): 1,358,680

Technicals
Record Price High
MACD - Bullish
Percentage Gainer

Last Price Quote is:
11.47%above 13-day MA
20.62%above 50-day MA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $2,622.56 
P/E Ratio: 146.92 
PEG Ratio: N/A 
Next Earnings: 08/11/2008
Last Analyst Rating: Buy
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Nice looking volume day and price movement....... ;) ;D



52wk Range: 13.61 - 27.60
Volume: 4,984,801
Avg Vol (3m): 1,418,120

Technicals
Record Price High
Percentage Gainer

Last Price Quote is:
18.90%above 13-day MA
30.24%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $2,622.56 
P/E Ratio: 146.92 
PEG Ratio: N/A 
Next Earnings: 08/11/2008
Last Analyst Rating: Buy
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Moving on up...


52wk Range: 13.61 - 35.66
Volume: 3,571,976
Avg Vol (3m): 1,629,840

Technicals
Record Price High

Last Price Quote is:
13.21%above 13-day MA
35.30%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $3,614.17 
P/E Ratio: 146.92 
PEG Ratio: N/A 
Next Earnings: 08/11/2008
Last Analyst Rating: Buy
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

updated chart look...
Falling Wedge (reversal) chart pattern
runaway gap up
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!

The Law Firm of Levi & Korsinsky, LLP Launches an Invest...

NEW YORK, Nov 01, 2010 (BUSINESS WIRE) -- Levi & Korsinsky is investigating the Board of Directors of EXCO Resources, Inc. ("EXCO" or the "Company") (XCO) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a proposal to purchase all the outstanding shares of stock of EXCO from its Chairman and Chief Executive Officer, Douglas H. Miller. Under the terms of the proposed transaction, EXCO shareholders will receive $20.50 in cash for each share of EXCO common stock. Mr. Miller currently owns approx. 2.15% of EXCO's shares and he has engaged in discussions with other significant shareholders that own approx. 27.5% of EXCO's shares to participate with him in an acquisition of EXCO.

Click here to learn how to join the action: http://www.zlk.com/exco-resources-xco.html , or call: 877-363-5972.

The investigation concerns whether the EXCO Board of Directors breached their fiduciary duties to EXCO stockholders by failing to adequately shop the Company before entering into this transaction and whether Mr. Miller is underpaying for EXCO shares, thus unlawfully harming EXCO stockholders. In particular, at least one analyst set a price target for EXCO stock at $29.00 per share.

If you own common stock in EXCO and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/exco-resources-xco.html .

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.

SOURCE: Levi & Korsinsky


Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!
DALLAS, Nov 01, 2010 (BUSINESS WIRE) -- EXCO Resources, Inc. (the "Company") (XCO) announced today that its Chairman and Chief Executive Officer, Douglas H. Miller, has submitted to the Board of Directors a proposal to purchase all of the outstanding shares of stock of the Company not already owned by Mr. Miller for a cash purchase price of $20.50 per share.

The Board of Directors of the Company intends to establish a Special Committee of the Board comprised of independent directors to consider, among other things, the proposal. The Board of Directors cautions the Company's shareholders and others considering trading in its securities that the Board of Directors has just received the proposal and no decisions have been made by the Board of Directors or the Special Committee with respect to the Company's response to the proposal. There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.

The full text of the proposal letter from Mr. Miller is as follows:

"October 29, 2010


Board of Directors
EXCO Resources, Inc.
12377 Merit Drive, Suite 1700
Dallas, Texas



Gentlemen:

I am pleased to express my interest in acquiring all of the outstanding shares of common stock of EXCO Resources, Inc. (the "Company") at a cash purchase price of $20.50 per share. I have preliminarily discussed this proposal with Oaktree Capital Management, L.P., on behalf of its funds and accounts under management, Ares Management LLC, on behalf of one or more of its funds under management, and Boone Pickens, and each has expressed an interest in pursuing the acquisition with me.

I believe that $20.50 per share is very compelling and in the best interest of the Company and its public shareholders and that the shareholders will find this proposal attractive. This valuation represents a premium of 38% over today's closing price of the Company's common shares. The acquisition would be in the form of a merger of the Company with a newly-formed acquisition vehicle.

I would continue as Chairman and Chief Executive Officer following the transaction and expect that the Company's senior management team would remain in place. I anticipate continuing to run the business in accordance with our current practice and maintaining the Company's valuable employee base, which we view as one of its most important assets.

I would expect to reinvest a significant portion of my equity ownership as part of this transaction. The remaining funds necessary to consummate the transaction would come from senior management, outside investment partners and, as needed, third party debt financing.

My familiarity with the Company means that I will be in a position to proceed very quickly with this transaction. I expect that you will establish a special committee of independent directors to consider this proposal on behalf of the Company's public shareholders with guidance from its own legal and financial advisors. I welcome the opportunity to present this proposal to the special committee as soon as possible.

Of course, no binding obligation on the part of the Company, myself or any of my potential investment partners shall arise with respect to this proposal or any transaction unless and until such time as definitive documentation that is satisfactory to us, recommended by the special committee and approved by the Board of Directors is executed and delivered.

I look forward to working with the special committee and its legal and financial advisors to complete a transaction that is attractive to the Company's public shareholders. Should you have any questions, please contact me.

Sincerely,

Douglas H. Miller"

Mr. Miller has advised the Company that J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as his financial advisors and Vinson & Elkins LLP is acting as his legal counsel in connection with this proposed transaction.

Additional information about EXCO Resources, Inc. may be obtained by contacting the Company's President, Stephen F. Smith, at EXCO's headquarters, 12377 Merit Drive, Suite 1700, Dallas, Texas 75251, telephone number (214) 368-2084.

If the proposal is accepted by the Company, the acquiring person or entity and the Company will be required to make certain filings regarding the proposed transaction with the Securities and Exchange Commission ("SEC"). Investors and security holders are urged to read all such filings regarding the proposed transaction, if and when the transaction proceeds and such filings are made, because they will contain important information. Free copies of any such filings (if and when they become available) and other documents filed by the Company with the SEC may be obtained at the SEC's web-site at www.sec.gov . Information concerning any participants in any solicitation of the Company's shareholders that is made in connection with the proposed transaction will be disclosed when available.

This press release contains certain forward-looking statements, including statements regarding the establishment of a Special Committee and possible business transactions. The forward-looking statements in this press release are subject to risks and uncertainties that could cause actual results to be materially different from expectations, including, without limitation: fluctuations in prices of oil and natural gas, general economic conditions, regulatory changes, fluctuations in EXCO's stock price, EXCO's financial performance, the timing and possible action by its Board of Directors and the Special Committee regarding the proposal, and possible actions by Mr. Miller and related parties. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in EXCO's reports on file with the Securities and Exchange Commission. EXCO undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: EXCO Resources, Inc.


EXCO Resources, Inc.
Stephen F. Smith, 214-368-2084







"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!
NEW YORK, Nov 01, 2010 (BUSINESS WIRE) -- Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of EXCO Resources, Inc. (XCO). EXCO announced today that its Chairman and Chief Executive Officer, Douglas H. Miller, has submitted to the Board of Directors a proposal to purchase all of the outstanding shares of stock of the Company not already owned by Mr. Miller for a cash purchase price of $20.50 per share. Mr. Miller currently owns approx. 2.15% of EXCO's shares and he has engaged in discussions with other significant shareholders that own approx. 27.5% of EXCO's shares to participate with him in an acquisition of EXCO.

The investigation concerns, among other things, whether the consideration to be paid to EXCO shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of EXCO. Indeed, analysts have projected that EXCO's true inherent value is at least $29 per share. The investigation further concerns whether Mr. Miller, as the Chairman and CEO of the company, as well as the board of directors of EXCO may have breached their fiduciary duties by not acting in EXCO shareholders' best interests in connection with the sale process of EXCO.

If you own EXCO common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact


Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: [email protected]



Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Tripp Levy PLLC


Tripp Levy PLLC
Tripp Levy, 877-772-3975
[email protected]


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!

DALLAS, Nov 01, 2010 (BUSINESS WIRE) -- Goldfarb Branham LLP is investigating the proposed acquisition of EXCO Resources, Inc. (XCO) for company shareholders due to the recently proposed management led buyout for $20.50 per share. Concerned shareholders should contact securities lawyer Hamilton Lindley to ask about their rights and remedies under this buyout at 877-583-2855 or [email protected].

"Our investigation concerns whether the consideration to be paid to EXCO shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of EXCO," said securities lawyer Hamilton Lindley. "Mr. Miller currently owns approx. 2.15% of EXCO's shares and he has engaged in discussions with other significant shareholders that own about 27.5% of EXCO's shares to participate with him in an acquisition of EXCO. The price appears to be unfair because at least one analyst has projected that EXCO's true value is at least $29 per share."

Dallas-based Goldfarb Branham LLP represents shareholders in securities litigation nationwide. Lawyers at the firm have been appointed by courts throughout the country to serve as lead counsel on behalf of shareholders in mergers and acquisition class actions. For more information, please feel free to contact the firm at the contact information below.

SOURCE: Goldfarb Branham LLP


Goldfarb Branham LLP
Hamilton Lindley, 214-583-2233
Toll Free: 877-583-2855
Facsimile: 214-583-2234
[email protected]


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!
DALLAS, Nov 01, 2010 (BUSINESS WIRE) -- Kendall Law Group, led by former federal judge Joe Kendall, is investigating EXCO Resources, Inc. (XCO) for shareholders in connection with the proposed acquisition by Douglas H. Miller, EXCO's Chairman and Chief Executive Officer. The national securities firm's investigation seeks to determine whether EXCO and its Board are in breach of their fiduciary duties. If you are an EXCO shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [email protected].

On November 1, 2010, the companies announced the proposed merger agreement under which EXCO would be taken private by Miller in a transaction valued at approximately $4.36 billion. Under the terms of the agreement, EXCO stockholders would receive $20.50 in cash for each share of EXCO/XCO common stock held. In a letter dated October 29, 2010, Miller stated that he intended to continue as Chairman and Chief Executive Officer of EXCO following the transaction and expected that the Company's senior management team would remain in place. Miller also stated that he expected to reinvest a significant portion of his equity ownership as part of this transaction and that any "remaining funds necessary to consummate the transaction would come from senior management, outside investment partners and, as needed, third party debt financing." In addition, according to Thompson/First Call, at least one analyst has set a price target of $29.00 per share for EXCO stock. Due to these factors, the firm believes the transaction significantly undervalues the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

SOURCE: Kendall Law Group


Kendall Law Group LLP
Scott Kendall, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Facsimile
[email protected]


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!
WILMINGTON, Del., Nov 01, 2010 (BUSINESS WIRE) -- Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of EXCO Resources, Inc. ("EXCO" or the "Company") (XCO) concerning the Company's receipt of a proposal from EXCO's Chairman and CEO, Douglas H. Miller, to acquire the remainder of the Company he does not already own in a transaction valued at approximately $4.36 billion (the "Proposal"). Click here to learn how to join the action: http://www.rigrodskylong.com/news/EXCOResourcesInc-XCO .

The investigation concerns whether EXCO's board of directors is adequately shopping the Company and working to obtain the best price possible for EXCO's shareholders. The Proposal contemplates the acquisition of all of the outstanding shares of common stock of EXCO not currently owned by Mr. Miller for $20.50 per share in cash. Mr. Miller already owns approximately 2.15% of the Company's outstanding shares. In addition, Mr. Miller's Proposal letter to EXCO's board of directors indicated he has preliminarily discussed this Proposal with Oaktree Capital Management, L.P. ("Oaktree"), on behalf of its funds and accounts under management, Ares Management LLC ("Ares"), on behalf of one or more of its funds under management, and Boone Pickens, and each has expressed an interest in pursuing the acquisition with him. Oaktree, Ares and Mr. Pickens already collectively own approximately 27.46% of the Company's outstanding shares.

If you own the common stock of EXCO and purchased your shares before October 29, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [email protected].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Rigrodsky & Long, P.A.


Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director
888-969-4242
302-295-5310
Fax: 302-654-9430
[email protected]


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!
DALLAS, Nov 01, 2010 (BUSINESS WIRE) -- The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of EXCO Resources, Inc. ("Company" or "XCO") (XCO) related to the proposed acquisition of the Company by its Chairman and Chief Executive Officer, Douglas H. Miller.

The definitive merger agreement, which was announced on November 1, 2010, involves a transaction valued at approximately $4.36 billion under which XCO's shareholders will receive $20.50 per share. This investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of XCO for approving this transaction and whether XCO's Board of Directors acted in the shareholders' best interests.

If you currently own shares of XCO and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [email protected]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE: Powers Taylor, LLP


Powers Taylor, LLP
Patrick Powers, 877-728-960
[email protected]
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-397-5991
[email protected]


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

And Wall Street said, Let there be crooks, and there was!!!

SAN DIEGO, Nov 01, 2010 (BUSINESS WIRE) -- Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors ("Board") of EXCO Resources, Inc. ("EXCO" or the "Company") (XCO) in connection the proposal of EXCO Chairman and Chief Executive Officer, Douglas H. Miller, to purchase all outstanding shares of stock of the Company not already owned by Mr. Miller for $20.50 in cash per share.

Robbins Umeda LLP's investigation concerns whether EXCO's Board is undertaking a fair process to obtain fair consideration for all shareholders of EXCO. Specifically, our investigation concerns whether the Company's Board is adequately shopping EXCO before entering into a potential transaction with Mr. Miller.

If you are a shareholder of EXCO, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at [email protected].

Robbins Umeda LLP is a securities litigation firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com .

Advertisement

SOURCE: Robbins Umeda LLP


Robbins Umeda LLP
Gregory E. Del Gaizo, 800-350-6003
[email protected]




"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis