Friday, June 11, 2010

Nat Gas update: XCO

EXCO Resources Inc.
Thursday, June 3, 2 pm Eastern: 17.47
Friday, June 11, close: 18.32
Gain: +4.87%
Candlestick analysis: "Hold" on buy at 17.69, June 10 (American Bulls)
Summary: The ratio of revenues ($527 million) to total debt ($1.2 billion) is a concern here, plus a total cash holding of just $47.8 million. Though margins and returns are on the upswing, something's going to give if those margins and returns don't increase. Not a bullish sign. 

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