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...The list includes companies such as Chesapeake Energy, Goodrich Petroleum, Halcon Resources, EXCO Resources and Linn Energy, which have suffered from the steep drop in oil prices over the past 20 months....
...“You can however expect to encounter vigorous climbers — typically exco members schmoozing their way towards a board seat. Shrinking violets are another theme....
...other end of the scale, companies such as Laredo Petroleum, SandRidge Energy and Range Resources would have debts about four times their ebitda, according to Tudor Pickering, while for Ultra Petroleum, Exco...
...The cut suggested Exco’s production would be flat next year, said Barclays Capital....
...Theoretically, Exco’s improved prospects should have been incorporated into its pre-offer share price already....
...Exco said on Monday that its board would form a special committee to consider Mr Miller’s proposal....
...Icap was founded in 1986 as Intercapital by Michael Spencer, now chief executive, and went on to merge with Garban and Exco, two established names in the money broking world....
...BG is being advised by Deutsche Bank, with Exco advised by Goldman Sachs. BG shares rose 52½p to £10.69....
...A flurry of recent multi-billion dollar deals include last year’s $41bn purchase of the shale gas specialist XTO by ExxonMobil, and BG Group’s joint venture with Exco....
...BG in June formed a $1bn US shale gas joint venture with Exco Resources. “There is a land grab,” said analysts at Wells Fargo....
...Group, the oil and gas company, has made its first move into US shale gas, one of the most active sectors of the global energy industry, investing about $1.3bn (£790m) in a joint venture with Texas-based Exco...
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