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Tuesday, November 2, 2010

XCO's Management Valuation

It appears that the management is trying to buy the company at the low end of the valuation they presented to the public in July 2010. Please see pages 7-8 in Investor Meeting Slides, which shows the valuation range to be $25.43-$36.94 with a mid-point of $31. I am long XCO.

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