Shares have risen almost 15% since the announcement of the deal at the start of the month, currently exchanging hands at $8.50 per share, the highest level since May of this year.
The deals are executed at fair valuation levels, while offering geographical diversification, and boosting the production of lucrative oil. Shares are a speculative buy, although the build up in leverage is a little worrisome.
Exco Resources announced that it has entered into a definitive agreement to acquire both producing, as well as undeveloped oil and...
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