Energy XXI Limited (EXXI) engages in the acquisition, exploration, development, production, and operation of oil & gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico.
EXXI has several catalysts, which should move the stock:
The combination of these factors could easily push EXXI to $35/share by the end of 2013 for a ~6.5 month gain of 37%. Before examining these catalysts in more detail, a brief company overview is presented.
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EXXI = $25.47
Mkt Cap = $2.2 billion
Shares Outstanding: 87,700,000 (fully diluted)
EPS (TTM) = $2.07
P/E (TTM) = 12.3
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