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S&P      8-Oct-09 08:27 pm    
Am I the only one who got this? PRICE TARGET RAISE TO $24... UP ADDITIONAL $7

S&P MAINTAINS BUY RECOMMENDATION ON SHARES OF EXCO RESOURCES
(Standard & Poor's)
With the completion or pending close of over $1B in asset sales so far in '09, XCO will be focused on the Haynesville and Marcellus shale's and, we believe, improve its leveraged balance sheet. On completed asset sales, we expect Q3 production to fall 10% to about 357 MMcfe/day. Our current Q4 production estimate is 307 MMcfe/d, however; we expect lower guidance once asset sales close. We cut our '09 EPS estimate $0.11 to $0.81, but raise '10's $0.03 to $0.85 on adjusted realized price forecasts. On adjusted NAV/sh. and relative metrics, we lift our target price by $7 to $24.
PRICE TARGET RAISE TO $24... UP ADDITIONAL $7


Sentiment : Buy
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bwstbry


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bwstbry (2 Ratings) 8-Oct-09 08:27 pm  
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EXCO Resources Inc. (XCO)

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On Dec 18: 21.23 Up 0.13 (0.62%)
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