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re: EXXI - hitting new lows everyday
Posted on 11/7/14 at 3:31 pm to LSURussian
Posted on 11/7/14 at 3:31 pm to LSURussian
They put about 1/3 - 1/2 of the company's assets on the selling block today. They announced the planned sale of 18,000 BOED. This is probably a move to pay off debt. I haven't seen a press release so I don't think this is necessarily the reason for the mini-bounce. I think EXXI just rose with the tide today, nothing more.
1
Posted on 11/7/14 at 4:54 pm to cwill
Had I been around my computer today, I would have sold for a nice gain. Oh well, play the casino next week and see what happens.
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