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EXCO Resources Shares Jumped: What You Need to Know

By Travis Hoium | More Articles
October 26, 2011 | Comments (1)

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of EXCO Resources (NYSE: XCO  ) jumped 12% today after a deal was announced with one of the company’s partners.

So what: Cheniere Energy (AMEX: LNG  ) signed a deal with BG Group to export liquid natural gas from the U.S. This is a big deal for EXCO because the company has partnered with BG to explore for shale gas in the U.S.

Now what: The connection is weak at best because there’s no indication that BG’s own natural gas will have any sort of priority. The best that EXCO can hope for from this deal is that natural gas prices will go up in the U.S. and it can benefit that way.

I’m selling this move and think the excitement will wear off pretty quickly.

Interested in more info on EXCO Resources? Add it to your watchlist by clicking here.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On October 30, 2011, at 3:45 PM, ronbeasley wrote:

    Billionaire Wilbur Ross has steadily been building a huge position in Exco, and now owns over 12% of the company. Much of it was purchased at proices higher than today's. I'd guess he know a little more than a Motley Fool blogger. its a good idea to learn from people like him, not to try to outsmart them.

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Related Tickers

5/25/2012 4:00 PM
XCO $7.92 Down -0.03 -0.38%
EXCO Resources, In… CAPS Rating: ***
LNG $15.01 Down -0.01 -0.07%
Cheniere Energy, I… CAPS Rating: ***

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