$17.89
0.62 (+3.59%)
EXCO Resources, Inc. (XCO)
CAPS Rating:
An independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.
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XCO has 107,000 net acres in the Haynesville Shale. I see the recent decline in price as a buying opportunity for a company that is in the hottest gas shale play in the US. With 1.9 Tcf in reserves, this is a mid-cap energy stock that I think will benefit from continuing tight energy supplies, and is likely to double in size in the next year or two based on the acreage potential they have.