Exco Resources Inc (XCO): Harold H Jameson , Chief Operating Officer of Exco Resources Inc sold 4,817 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $0.72 per share for a total value of $3,468.24 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, William L Boeing (VP, General Counsel, Secretary) sold 75,000 shares at $1.61 per share price.On Mar 9, 2016, Richard Alan Burnett (CFO & Chief Accounting Officer) sold 64,241 shares at $1.51 per share price.Also, On Mar 9, 2016, Harold H Jameson (Chief Operating Officer) sold 16,342 shares at $1.51 per share price.On Mar 9, 2016, Harold L Hickey (CEO & President) sold 28,215 shares at $1.51 per share price.
EXCO Resources Inc: On Thursday, May 19, 2016 heightened volatility was witnessed in EXCO Resources Inc which led to swings in the share price. The shares opened for trading at $0.5519 and hit $0.6269 on the upside , eventually ending the session at $0.6087, with a gain of 3.31% or 0.0195 points. The heightened volatility saw the trading volume jump to 30,59,203 shares. The 52-week high of the share price is $1.94 and the company has a market cap of $172 M . The 52-week low of the share price is at $0.4763.
EXCO Resources Inc. is an oil and natural gas company engaged in the exploration exploitation acquisition development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Companys principal operations are conducted in certain United States oil and natural gas areas including Texas Louisiana and the Appalachia region. The Company focuses on the development of its core areas. This includes a portfolio of both oil and natural gas assets that provide the Company the optionality to allocate capital to enhance its returns under various commodity price environments. The Company holds acreage positions in three shale plays in the United States: East Texas and North Louisiana where it holds around 85300 net acres in the Haynesville and Bossier shales; South Texas where it holds approximately 52900 net acres in the Eagle Ford shale; and Appalachia where it holds around 157000 net acres prospective in the Marcellus shale.