- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: EXXI - hitting new lows everyday
Posted on 9/10/14 at 5:56 pm to LSURussian
Posted on 9/10/14 at 5:56 pm to LSURussian
Some of the insiders were forced to sell when they reseigned. Not sure when the CFO and/or COO was forced out, but that's some of it.
2
Posted on 9/10/14 at 6:04 pm to Iowa Golfer
How does a company force a stockholder to sell when the stockholder no longer works for the company?
If they sold because they needed the money when they lost their job, I understand it.
But "forced to sell" after they resigned? I don't understand how that works.
If they sold because they needed the money when they lost their job, I understand it.
But "forced to sell" after they resigned? I don't understand how that works.
Posted on 9/10/14 at 6:23 pm to LSURussian
It's tied to a tender offer, incorporated in the employment agreement or resignation agreement.
Posted on 9/10/14 at 7:22 pm to Iowa Golfer
Yeah agreed, I was looking for those names in particular in the Form 4 filings and didn't find anything.
Posted on 9/10/14 at 7:25 pm to sneakytiger
I found the insider trading info I posted above on the Yahoo finance page. Enter the ticker symbol and then click on "insider transactions."
Posted on 9/10/14 at 7:31 pm to LSURussian
Yep, we're looking at the same thing. Not sure if the detailed insider transactions (pulled from SEC filings) are supposed to agree to the net share purchase sale activity in the first section, or if that only represents a portion of the total. I suspect the latter since the individual reporting requirements are pretty high.
On the other hand, taken from Note 12 in their latest annual report:
Maybe certain employees took their performance bonus in stock and immediately cashed out?
On the other hand, taken from Note 12 in their latest annual report:
quote:
Historically, we have settled all vesting awards in cash. The July 21, 2014 vesting of the July 21, 2013 and 2012 Performance Unit awards were settled 50% in common stock
Maybe certain employees took their performance bonus in stock and immediately cashed out?
Posted on 9/10/14 at 7:55 pm to sneakytiger
quote:That sounds plausible.
Maybe certain employees took their performance bonus in stock and immediately cashed out?
I searched and didn't find any tender offers announced which makes sense because that would usually drive the price up rather than seeing the recent pretty drastic decline in price.
Of course not all employees selling would be considered insiders. And the ones who are insiders would likely hold onto their shares if they knew of a company sniffing around to buy EXXI which was my original point earlier. I'm not saying they are not a buyout candidate, just that it's unlikely something is in the works now based on the unusually high amount of insider selling.
For comparison during the last 6 months XOM has seen less that 1/4 the number of shares sold by insiders and they have over 4.25 billion shares outstanding compared to EXXI's 78 million shares.
Posted on 9/22/14 at 9:29 am to LSURussian
The pounding continues, trading about $200MM below tangible BV
Posted on 9/22/14 at 9:46 am to sneakytiger
And paying between 3-4%
Posted on 9/22/14 at 10:22 am to Iowa Golfer
Sounds like it is a good buy?? I mean if they were to get bought out, it would have to be for at least BV.. ? Whatcha think Iowa golfer?
Posted on 9/22/14 at 12:35 pm to b-rab2
Rumor on the yahoo EXXI board is that Repsol is looking to buy them out. But with the share price in a free fall, I don't think there is any truth to it. My TDAmeritrade account sure could use a buyout. 
Posted on 9/22/14 at 1:20 pm to lsuguru
Do as you wish. I see this as a value stock, and I think I'm going to buy more, just not sure what price point yet.
I do think their assets warrant it (recovery, or future buy out candidate), and notwithstanding the comments about insiders dumping, which I mostly disagree with as I called their investor relations people about it.
I do think their assets warrant it (recovery, or future buy out candidate), and notwithstanding the comments about insiders dumping, which I mostly disagree with as I called their investor relations people about it.
Posted on 9/25/14 at 3:15 pm to Iowa Golfer
Wow, a new low for EXXI today
Posted on 9/25/14 at 4:42 pm to lsuguru
I may be a fool but I bought more right before the bell.
Posted on 9/25/14 at 5:51 pm to Judge Smails
I've bought on the way down. I think long term, maybe as soon as next year, we'll be o.k. on this one.
Posted on 9/26/14 at 8:50 am to Iowa Golfer
Down again today. I've been keeping my eyes on this one but I'm not sure where the floor is.
The insider dumping concerns me.
The insider dumping concerns me.
Posted on 9/26/14 at 8:57 pm to BassHorn
So EXXI spent 2.3 billion to purchase EPL earlier this year, increasing the size of the company by roughly 50%. The market capitalization of the new combined company at the end of today... 1.14 billion (less than half). Wow.
Posted on 9/28/14 at 10:01 am to Bayou Tiger
Company run by Aggies... what'd y'all expect
Posted on 9/29/14 at 4:25 pm to weskarl
Looks like it is going to get worse, or better depending on how you view these things. It's going to look worse in your portfolio, but if you are planning to acquire, it's going to look even better based on after hours guidance.
Posted on 9/29/14 at 10:58 pm to Iowa Golfer
Curious how the market will react to the guidance update along with the small reduction for 2015 capex.
Page 2 of 28
Back to top
Follow TigerDroppings for LSU Football News