Energy XXI Ltd. (NASDAQ:EXXI)

CAPS Rating: 3 out of 5

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Player Avatar NickFlooding (51.79) Submitted: 11/9/2012 10:13:44 AM : Outperform Start Price: $31.84 EXXI Score: -127.58

Very solid existing reserves. Near and long term increasing production via the drill bit in existing fields and new field exploration with Exxon in Vermillion. Cash in the bank exceeds LTD and drilling is funded via FCF. The down side of a failure of MMR's Ultra Deep is not all that large while the up side would be a nice plus.Whats not to like?

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