Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Energy XXI: Potential 33% Upside After EPL Acquisition

About Energy XXI

Energy XXI (NASDAQ:EXXI) is an independent oil and natural gas exploration and production company with operations focused in the U.S. Gulf Coast and the Gulf of Mexico. Since its inception in 2005, the company has completed five major acquisitions for aggregate cash consideration of approximately $2.5 billion.

The company's growth strategy is inorganic and the company's acquisition strategy is to target mature, oil-producing properties in the Gulf of Mexico and the U.S. Gulf Coast that have not been thoroughly exploited.

As of June 2014 (excluding the acquisition to be discussed), the company had proved reserves of 165mmboe, probable reserves of 53mmboe and an average production for the first nine months of 2014 at 44,700mmboe.

The Not So...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details