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re: EXXI - hitting new lows everyday

Posted on 1/23/15 at 3:32 pm to
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 1/23/15 at 3:32 pm to
Latest investor presentation is all about de-levering and reducing costs:

LINK
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 1/27/15 at 10:59 pm to
Is the bottom in ????
Posted by NOLAGT
Over there
Member since Dec 2012
13529 posts
Posted on 1/28/15 at 7:00 am to
Maybe so? It went up like 12% yesterday. With I got in a 2.33 but didnt. I may pull the trigger soon tho...from what I gather (and I'm a knob) oil is slightly higher in hopes the Saudis will step in soon so exxi bumped up some. But I think today is the release of some data that may effect oil prices and so far seems it might not be great? Again pretty new to reading into all this...
This post was edited on 1/28/15 at 7:07 am
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 1/29/15 at 1:12 pm to
Moody's downgraded yesterday on obvious liquidity issues. I'd wait it out until July/August to see if their banks issue waivers on probable covenant violations and to see how their free cash flow projections do vs. the plan in their latest investor presentation.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/15 at 5:10 pm to
EXXI made the Oil Company Death List:

LINK
Posted by GREENHEAD22
Member since Nov 2009
19593 posts
Posted on 1/29/15 at 5:37 pm to
Posted that yesterday, didn't get much fan play.
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 2/1/15 at 10:53 am to
Dividend cut from .12 to.01

This company is dead
Posted by NOLAGT
Over there
Member since Dec 2012
13529 posts
Posted on 2/3/15 at 9:28 am to
Price has been going up nicely the last few days...who thinks it keeps going? I know oil is up some and the whole sector is doing better it seems? Wish I got in a 2.33 when I was looking strongly at it. I know its a gamble but lots to be made if it turns around.
Posted by barry
Location, Location, Location
Member since Aug 2006
50342 posts
Posted on 2/3/15 at 10:20 am to
You people are addicts. Even a dead cat twitches.
Posted by NOLAGT
Over there
Member since Dec 2012
13529 posts
Posted on 2/3/15 at 10:40 am to
Posted by Ronnie
Kenny's Key West
Member since Oct 2008
509 posts
Posted on 2/4/15 at 11:00 pm to
Are these guys going bankrupt? The profitable shelf drilling this company was built on is coming to a halt.
Posted by Douboy
Louisiana
Member since Nov 2007
4332 posts
Posted on 2/18/15 at 9:30 am to
I sold my position in EXXI on Monday when the stock ran up thinking it would dip back down for another buying opportunity. Now it seems to be taking off. Contemplating on getting back in now or waiting to see if it dips again. Thoughts??
Posted by NOLAGT
Over there
Member since Dec 2012
13529 posts
Posted on 2/18/15 at 11:05 am to
its a gamble...depends on oil prices. They have been going up so exxi has been going up. I think there is some stockpile info being released today??? If its bad they will drop with oil prices....if goo they will go up? Just a total guess. Mad I didnt pull the trigger at 2.33 a cpl weeks ago so im still watching from the sidelines....
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/18/15 at 11:44 am to
I cannot tell you what EXXI will do, but I can tell you I am only 15% down now, up from well over 50% down a couple of weeks ago.
Posted by GREENHEAD22
Member since Nov 2009
19593 posts
Posted on 2/18/15 at 12:03 pm to
Are they hedged? At what price and for how long?
Posted by Enfuego
Uptown
Member since Mar 2009
9882 posts
Posted on 2/18/15 at 12:09 pm to
quote:

I sold my position in EXXI on Monday when the stock ran up thinking it would dip back down for another buying opportunity.


My exact strategy with EXXI and SGY. I'm won't get back in until both take some hits.
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 2/18/15 at 12:39 pm to
They've got 24,000/d hedged at $85 through 2015 - so about half their production based on first quarter production of 42,000/d. Not great, but could be worse.
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38734 posts
Posted on 2/19/15 at 10:03 am to
I bought a couple hundred shares. I couldn't stand it anymore.

I'm already down 10% in 2 days.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 3/4/15 at 7:37 am to
I was so close to being back to even money, I could taste it, then they go off and have a private offering for 1.25 billion.

Any thoughts on this?
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 3/4/15 at 8:15 am to
Seems like a simple refinancing - don't see how it could be anything but positive in this environment, unless they are having trouble finding buyers for the debt or it's dilutive.
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