EXCO Resources Inc (EXCE)

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I started to research a little. It seems there was some legal wrangling a few years back wherein a warrant holder of some company asserted that he was entitled to a big payout because the wording had no explicit language saying the warrants would be adjusted. But the gist I get is that in general, common sense court opinion dictated that options and warrants get adjusted. The flip side being that a forward split would go against the holder...

Reading financials tires me out. Maybe I'll look into the warrant issue more later.

Suffice to say we have a binary gamble here. If the proxy measures get approved (probable), the company should be able to continue it's trajectory from negative to positive earnings per share in another qtr or two,and pps will go up (probably a lot). Also if Goldman Sachs prediction about oil going to $60-$70 by year end pans out. XCO is an increasingly lower cost producer now.

If the set of proposals fail, well, not so good...